Property profile

Morehead City, NC 28557

OFF-MARKET
Warehouses
Property ID
US53-3210640
5,000 SF 0.75 ac lot Built 2021
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2021
Construction STEEL FRAME
Total area 5,000 SF
Lot 0.75 ac (32,670 SF)
APN 6356.07.79.3076000
UPID US53-3210640

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Morehead City, NC 28557
Morehead City metro Census 970501 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
$510k
Comparable Approach Comparable
$373k
Blend (final) Blend
$485k

Owner & transaction history

since 2023
Last sale
$585,000
7 recorded transactions
2023
$585,000
2021
$369,000
2020
$85,000
2014
$154,000
2012
$243,440
2012
$243,500
2011
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $780,000 +55.6%
Medical building $700,000 +40.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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