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Property profile & analytics
FOR LEASE
Office buildings
101 North 3Rd St Wilmington, NC 28401
Entity Owned
~
Est. High Equity
Property ID
US53-1181192
For Lease
1 / 4
$32.50 SF/Yr
101 North 3Rd St, Wilmington, NC 28401
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
4,950 SF
Lot
0.2 ac (8,625 SF)
Zoning code
HD,HISTORIC DISTRICT
APN
R05405-003-001-000
UPID
US53-1181192
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
Current use
Occupant on record · Public records
-
Studsvik Scandpower, Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Hogue Hill Law Firm
-
Snow III James B Law Firm
-
Jones W Talmage Law Firm
-
Cordell & Cordell - Divorce Attorney Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
101 Building LLC
101 Building LLC
since 2025
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
HD,HISTORIC DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,921
Tax year 2023
Assessed value
$819,100
Assessed 2023
Previous assessed
$819,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$360,600
Assessed improvement
$458,500
Land market value
$360,600
Improvement market value
$458,500
Total market value
$819,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
4,950 SF
Lot
0.2 ac (8,625 SF)
Zoning code
HD,HISTORIC DISTRICT
APN
R05405-003-001-000
UPID
US53-1181192
Jurisdiction
NEW HANOVER
Zoning & alternative use
HD,HISTORIC DISTRICT · Wilmington, NC
Zoning HD,HISTORIC DISTRICT · permitted uses
HD,HISTORIC DISTRICT · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
101 Building LLC
Entity
Mailing address
PO BOX 2178, WILMINGTON, NC 28402-2178
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
$15,000,000
101 Building LLC
101 North Third Street LLC
Special Warranty Deed
$9,750,000 · Allegacy Federal Credit Union A Cre
Mar 20, 2024
—
William Oj Lynch
101 Investments LLC
Warranty Deed
—
Feb 28, 2024
—
101 Investments LLC
—
Deed
related
$75,000 · New Liverpool Investments LLC
Dec 8, 2020
—
Corning Federal Credit Union
Rivers Edge I LLC
Grant Deed
related
—
Nov 20, 2020
—
Richard Wallace Builder INC
—
Deed
related
$337,500 · Corning FCU
Mar 15, 2017
—
101 North Third Street LLC
—
Deed
related
$1,946,855 · Branch Bk&tr
—
—
Richard Wallace Builder INC
—
Deed Of Trust
related
$337,500 · Corning FCU
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.
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?”
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