Financial
Distress signals
Property profile

920 Princess St Wilmington, NC 28401

FOR LEASE
Other warehouses
Property ID
US53-1364469
16,896 SF 0.5 ac lot Built 1930
Last sale Jun 2024 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is flex space located in the Soda Pop District, directly across from the Bottle Works Building. It includes multiple suite sizes of approximately 608, 920, and 1,500 square feet, with the building designed to allow combining two spaces for an aggregate area of about 2,460 square feet. Key features include an 18-foot wide by 14-foot high grade-level roll-up door, a chain-link rolling security gate, and 24-hour access. The site is zoned UMX for adaptive reuse and is served by

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$843k
Assessed land$195k
Assessed improvement$648k
Effective rate0.87%

Value estimate

· Sep 2026
$1.50M
$1.35M – $1.65M
AI approach$1.50M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$293/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$138 – $511

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
UMX
The purpose of UMX zone is to provide a mix of housing options, to promote and enhance transit options, particularly those that are pedes...
General categoryMIXED_USE
JurisdictionNEW HANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply16.3
Dental Office15.2
Auto Parts Store12.6

Location

920 Princess St Wilmington, NC 28401
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1301 13th, Wilmington, NC 28401-6404 $2,300,000 Jan 2026 29,322 SF
4290 Us Hwy 421st N, Wilmington, NC 28401-9070 $12,436,000 Jun 2025 20,790 SF
4310 Us Hwy 421st N, Wilmington, NC 28401-9065 $12,436,000 Jun 2025 10,000 SF
2830 Us Hwy 421st N, Wilmington, NC 28401-2435 $1,859,000 Sep 2024 16,336 SF
200 Transcom, Wilmington, NC 28401-9006 $3,906,000 Aug 2023 11,000 SF
3820 Us Hwy 421st N, Wilmington, NC 28401-9024 $2,565,500 Oct 2022 20,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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