Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

403 Racine Dr Wilmington, NC 28403

OFF-MARKET
Garden apartment buildings
Property ID
US53-5427134
17,672 SF 6.4 ac lot Built 1985
Last sale May 2022 · $67,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

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.

Debts

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

What does the county charge?
Assessed value · 2023$12.34M
Assessed land$1.77M
Assessed improvement$10.57M

Value estimate

· Oct 2026
$64.21M
$57.78M – $70.63M
Submarket $/SF estimate$44.49M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,349/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$153 – $2,518

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?
MF-M,MULTI FAM MED DEN
JurisdictionNEW HANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.2
Catering Service8.5
Barber Shop8.1

Location

403 Racine Dr Wilmington, NC 28403-1742
County assessor Recorded deeds · 4 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2910 Midtown, Wilmington, NC 28403-5038 $59,464,000 Dec 2021 26,448 SF
2911 Midtown, Wilmington, NC 28403-5041 $59,464,000 Dec 2021 26,448 SF
3807 Cherry, Wilmington, NC 28403-6257 $273,500 Nov 2021 24,075 SF
4311 Maple, Wilmington, NC 28403-4300 $1,695,000 Oct 2021 10,800 SF
327 Guinevere, Wilmington, NC 28403-1479 $63,000,000 Sep 2021 24,915 SF
3601 Sir Galahad, Wilmington, NC 28403-2690 $63,000,000 Sep 2021 25,620 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 403 Racine Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again