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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
Morehead City, NC 28557
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3210640
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$373k
Blend (final)
Blend
$505k
Owner & transaction history
Echo Bravo LLC · 3 yrs held
Echo Bravo LLC
since 2023
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$780,000
+55.6%
Medical building
$700,000
+40.3%
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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead City 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
$485,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$500,000
Current use
OFFICE BUILDING
$780,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $585k (May 2 2023)
Last sale anchor
$585k
May 2 2023
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
$101 / 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$228
Tax year 2022
Assessed value
$239,134
Assessed 2024
Previous assessed
$239,134
+0.0% YoY
Effective rate
0.10%
On assessed value
Assessed land
$69,174
Assessed improvement
$169,960
Land market value
$69,174
Improvement market value
$169,960
Total market value
$239,134
Applied tax rate
1,351.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
BASEBOARD
Total area
5,000 SF
Lot
0.75 ac (32,670 SF)
APN
6356.07.79.3076000
UPID
US53-3210640
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$500,000
OFFICE BUILDING
Est. value
$780,000
MEDICAL BUILDING
Est. value
$700,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
2021
Construction
STEEL FRAME
Heating
BASEBOARD
Lot
0.75 ac
Current owner
From public records · entity-resolved
Echo Bravo LLC
Entity
Mailing address
230 ARTHUR FARM RD, MOREHEAD CITY, NC 28557
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$585,000
Echo Bravo LLC
Ramsey Qozb LLC
Special Warranty Deed
$585,000 · Southern Bank & Trust Co
Dec 17, 2021
$369,000
Ramsey Qozb LLC
Starled Doe LLC
Warranty Deed
—
Sep 28, 2020
$85,000
Startled Doe LLC
Lmn Properties LLC
Warranty Deed
$222,575 · Blueharbor Bank
Mar 4, 2014
$154,000
Lmn Properties LLC
First Citizens Bank Trust Co
Grant Deed
—
Aug 30, 2012
$243,440
First Citizens Bk & Trust Co
Graham C Barrett
Trustees Deed
related
—
Aug 27, 2012
$243,500
First Citizens Bank Trust Co
Narron Real Estate Holdings INC
Grant Deed
related
—
Oct 25, 2011
—
Narron R & E Holdings INC
—
Trustees Deed
related
$200,000 · Aaron M & Glenda H Baker
—
—
Real Estate Holdings In Narron
—
Deed Of Trust
related
$200,000 · Aaron Baker
—
—
Justin W Narron
—
Loan Modification
related
$200,000 · Aaron M Baker
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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