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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
9869 Ocean W Hwy Calabash, NC 28467-2649
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2215282
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
34,987 SF
Lot
6.1 ac (265,716 SF)
Zoning code
NB
APN
2400001401
UPID
US53-2215282
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.31M
Owner & transaction history
Calabash Morison LLC · 8 yrs held
Calabash Morison LLC
since 2017
7 recorded transactions
Zoning & alternative use
NB · Calabash, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Calabash submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Calabash submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,590,000
Current use
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$5,094,830
Assessed 2023
Previous assessed
$3,730,370
+36.6% YoY
Assessed land
$978,000
Assessed improvement
$4,116,830
Land market value
$978,000
Improvement market value
$4,116,830
Total market value
$5,094,830
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
34,987 SF
Lot
6.1 ac (265,716 SF)
Zoning code
NB
APN
2400001401
UPID
US53-2215282
Jurisdiction
BRUNSWICK
Zoning & alternative use
NB · Calabash, NC
Zoning NB · permitted uses
NB · Calabash, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Calabash. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
6.1 ac
Current owner
From public records · entity-resolved
Calabash Morison LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 10325, GREENSBORO, NC 27404-0325
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2017
$190,000
Calabash Morison LLC
Groves-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$278,500
Calabash Morison LLC
Torigoe-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$236,500
Calabash Morison LLC
Blc Ventures-carolina Commons
Grant Deed
—
Oct 17, 2017
$121,500
Calabash Morison LLC
E Pittock-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$328,000
Calabash Morison LLC
Warzyn-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$253,000
Calabash Morison LLC
Goodson-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$258,000
Calabash Morison LLC
Ellee-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$116,000
Calabash Morison LLC
H Shinners-carolina Commons Ll
Grant Deed
—
Oct 17, 2017
$209,500
Calabash Morison LLC
Chisum-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$500
Calabash Morison LLC
Tic Carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$280,000
Calabash Morison LLC
Stair-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$265,500
Calabash Morison LLC
Vance-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$506,000
Calabash Morison LLC
Neider-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$364,000
Calabash Morison LLC
Wright-carolina Commons LLC
Grant Deed
—
Oct 17, 2017
$202,500
Calabash Morison LLC
Malone-carolina Commons LLC
Grant Deed
related
$4,200,000 · Truliant FCU
Dec 31, 2009
$684,500
Tic Carolina Commons LLC
For 1031 Carolina Commons LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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