Property profile

1001 Kerr Ave Wilmington, NC 28403

OFF-MARKET
Retail space
Property ID
US53-0349013
4,436 SF 0.4 ac lot Built 1963
Entity Owned Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Construction WOOD FRAME
Total area 4,436 SF
Lot 0.4 ac (17,424 SF)
Zoning code CB,COMMUNITY BUSIN
APN R05519-008-001-000
UPID US53-0349013

Cap rate & NOI

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

Location

1001 Kerr Ave Wilmington, NC 28403-4312
Wilmington metro Census 10503 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$675k
Comparable Approach Comparable
$458k
Blend (final) Blend
$310k

Owner & transaction history

since 2025
4 recorded transactions
2025
$1.6M
2025
Price N/A
2023
Price N/A
2010
Price N/A

Zoning & alternative use

CB,COMMUNITY BUSIN · Wilmington, NC

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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