Realmo Analytics

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Property profile

1022 Market St Wilmington, NC 28401

FOR SALE
Auto shops
Property ID
US53-1366680
5,395 SF 0.68 ac lot Built 1956
Last sale Nov 2022 · $675,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$527k
Assessed land$184k
Assessed improvement$343k
Effective rate0.84%

Value estimate

· Oct 2026
$375k
$338k – $413k
Submarket $/SF estimate$785k
NOI build-up
Gross scheduled income$109k
Vacancy & credit loss−$7k
Operating expenses−$31k
NOI · 5.01% cap applied$71k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$285/SF
Submarket average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$172 – $490
Qualifying comparables3

Cap rate analysis

How does the asset earn?
5.01%
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 Supply34.8
Wholesale Shop25.7
Dental Office24.7

Location

1022 Market St Wilmington, NC 28401
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1402 Frnt, Wilmington, NC 28401-6118 $385,000 Mar 2024 3,658 SF
1313 Castle, Wilmington, NC 28401-5422 $750,000 Oct 2023 5,508 SF
1536 Frnt, Wilmington, NC 28401-6120 $750,000 Mar 2023 4,702 SF
1002 16th, Wilmington, NC 28401-8018 $210,000 Jan 2021 5,000 SF
521 Wellington, Wilmington, NC 28401-7611 $400,000 Oct 2019 3,750 SF
1305 Castle, Wilmington, NC 28401-5422 $218,000 Dec 2018 2,500 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?”
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