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    10390 Us Hwy 17 Wilmington, NC 28411-6878
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    Property profile & analytics

    10390 Us Hwy 17, Wilmington, NC 28411-6878

    View on Map
    • Investment properties
    • 2,000 SF
    • 7.24 lot acres
    Off-Market
    Property ID
    US53-2450089
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 10390 Us Hwy 17

    Year built
    1901
    Lot size
    7.24 lot acres
    Zone code
    SEEMAP
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    3271-30-6743-0000
    APU
    32713067430000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 16, 2014 — Lee Properties Of Scotts Hill LLC Lee Fitzhugh Family Trust Quit Claim Deed · related —
    Mar 8, 2012 — Lee,fitzhugh Family Trust Lee Fitzhugh Quit Claim Deed · related —
    Feb 6, 2002 — Lee Fitzhugh Family Trust Lee,william F Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $675,000
      Market price range: $305k - $675k
      AI Estimate
      $519,000
      Market price range: $392k - $520k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $455,000
      Current use
      OFFICE BUILDING
      $650,000
      Change: +43% Conversion: Easy
      MEDICAL BUILDING
      $605,000
      Change: +33% Conversion: Easy
      AUTO REPAIR, GARAGE
      $570,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $545,000
      Change: +20% Conversion: Easy
      WAREHOUSE, STORAGE
      $495,000
      Change: +9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $440,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Pender
    State
    North Carolina
    Longitude
    -77.7626
    Latitude
    34.3224
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $275,520
    $154,620
    $430,140
    -
    $275,520
    $154,620
    $430,140

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Wilmington, NC 28411

      OFFICE/RESIDENTIAL (MIXED USE)
      Wilmington, NC 28411
      View Details
    • Value Estimation by Request
      2,400 SF

      2471 Scotts Hl Loop Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2471 Scotts Hl Loop Rd, Wilmington, NC 28411-6627
      View Details
    • Value Estimation by Request
      0.14 Acres

      Wilmington, NC 28411

      OFFICE/RESIDENTIAL (MIXED USE)
      Wilmington, NC 28411
      View Details
    • Value Estimation by Request
      1,400 SF

      10160 Sidbury Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      10160 Sidbury Rd, Wilmington, NC 28411-7915
      View Details
    • Value Estimation by Request
      0.16 Acres

      2356 Scotts Hl Loop Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2356 Scotts Hl Loop Rd, Wilmington, NC 28411-6742
      View Details
    • Value Estimation by Request
      0.08 Acres

      Wilmington, NC 28411

      OFFICE/RESIDENTIAL (MIXED USE)
      Wilmington, NC 28411
      View Details

    Similar Nearby for Sale

    • $630,290

      Porters Neck Wooded Parcel

      5+ acre wooded parcel in developing Porters Neck area.
      308 Plantation Rd, Wilmington, NC 28411
      View Details
    • $1,900,000
      17.84 Acres

      Wilmington Land Ready For Development

      Unimproved land prime for development in Wilmington, North Carolina.
      7500-7516 Plantation Rd, Wilmington, NC 28411
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    • $499,995
      5.58 Acres

      Wilmington Land for Residential Development

      5.58 acres in growing area, residential development potential.
      7604 Plantation Rd, Wilmington, NC 28411
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    • $1,600,000
      10.93 Acres

      Prime Land in Growing Area

      Undeveloped 10.93-acre parcel ideal for residential or commercial development.
      lot 222&232 Plantation Rd, Wilmington, NC 28411
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    • $350,000
      5.14 Acres

      Undeveloped Wooded Land Parcel

      5.14 acres of undeveloped wooded land in Wilmington, NC.
      366 Greenview Rnch, Wilmington, NC 28411
      View Details
    • New
      $500,000
      0.45 Acres

      Two Homesites in Marsh Landing

      Two adjacent homesites for custom homes in Wilmington, NC.
      660 Vale Dr, Wilmington, NC 28411
      View Details

    Similar Nearby for Lease

    • $153,672
      6,403 SF

      Porters Neck Commercial Space Available

      6,400+ SF commercial space in rapidly growing Porters Neck.
      155 Porters Neck Rd, Wilmington, NC 28411
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space in Ogden Center

      Retail space available for lease in established shopping center.
      7316 Market St, Wilmington, NC 28411
      View Details
    • Contact for pricing
      9,800 SF

      Grocery-Anchored Retail Center For Lease

      Grocery-anchored retail center with shop space and outparcels for lease.
      Us Highway 17, Wilmington, NC 28411
      View Details
    • Contact for pricing
      1,533 SF

      Executive Office Space For Rent

      Class A office space in Ogden Porters Neck area.
      7627 Market St, Wilmington, NC 28411
      View Details
    • Contact for pricing
      6,000 SF

      New Retail/Office Build-to-Suit Opportunity

      New construction retail/office space available for lease in Wilmington.
      7495 Market St, Wilmington, NC 28411
      View Details
    • Contact for pricing

      Land Ground Lease Available

      Land available for ground lease.
      7597 Market St, Wilmington, NC 28411
      View Details
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    Wilmington, NC 28411-6878
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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