Property profile

412 Castle St Wilmington, NC 28401

FOR SALE
Residential land & home lots
Property ID
US53-0513820
Trust Owned 8-yr Hold
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412 Castle St, Wilmington, NC 28401 For Sale
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412 Castle St, Wilmington, NC 28401
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Property summary

AI-generated overview

Prime location on Castle Street consisting of 11,935 SF ( .319 acres) of vacant land zoned R-3. This zoning district is intended for high urban residential development of multi-units. Located in a central part of Wilmington with a concentration of commercial and residential in surrounding area.

Property profile

Verified
Property type Residential land & home lots
UPID US53-0513820

Cap rate & NOI

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

Location

412 Castle St Wilmington, NC 28401
Wilmington metro
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2017
2 recorded transactions
2017
$335,000
2016
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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