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Property profile & analytics
OFF-MARKET
Office Spaces
1017 Ashes Dr Ste 202 Wilmington, NC 28405-8308
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2373505
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2002
Construction
STEEL FRAME
Total area
1,063 SF
Lot
0.02 ac (1,045 SF)
Zoning code
O&I,OFFICE & INSTITUTION
APN
R05100-003-080-007
UPID
US53-2373505
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
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
Legg Prop LLC · 5 yrs held
Legg Prop LLC
since 2020
Last sale
$207,500
5 recorded transactions
Zoning & alternative use
O&I,OFFICE & INSTITUTION · 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
Assessed value
$252,800
Assessed 2023
Previous assessed
$252,800
+0.0% YoY
Assessed improvement
$252,800
Improvement market value
$252,800
Total market value
$252,800
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,063 SF
Lot
0.02 ac (1,045 SF)
Zoning code
O&I,OFFICE & INSTITUTION
APN
R05100-003-080-007
UPID
US53-2373505
Jurisdiction
NEW HANOVER
Zoning & alternative use
O&I,OFFICE & INSTITUTION · Wilmington, NC
Zoning O&I,OFFICE & INSTITUTION · permitted uses
O&I,OFFICE & INSTITUTION · 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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Legg Prop LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1011 ASHES DR #202, WILMINGTON, NC 28405-8301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
Legg Prop LLC
Jc Anderson Prop LLC
Grant Deed
related
—
Jul 20, 2018
$207,500
Jc Anderson Properties LLC
Aakc Holdings LLC
Warranty Deed
$186,575 · South St Bk
Jun 15, 2016
$192,500
Aakc Holdings LLC
Nartowicz,john
Warranty Deed
related
—
Oct 7, 2013
$125,000
John Nartowicz
Pharmco Properties LLC
Warranty Deed
—
Jul 6, 2010
—
Pharmco Properties II LLC
—
Trustees Deed
related
$599,801 · Suntrust Bank NA
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.
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