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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Specialty properties
1111 The Cpe Blvd, Wilmington, NC 28412-3432
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-0551475
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1984
Construction
WOOD FRAME
Total area
5,312 SF
Lot
2.61 ac (113,692 SF)
Zoning code
O&I,OFFICE & INSTITUTION
APN
R08510-007-031-000
UPID
US53-0551475
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
-
North Carolina College of Theology Religious School
-
Cape Homeowners Association Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
The Cape Homeowners Associations · 2 yrs held
The Cape Homeowners Associations
since 2023
Last sale
$850,000
6 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
Method
Estimation
Statistic approach
$1,005,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,000,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$710,000
Change: 0% · Conversion: Difficult
RESTAURANT
$605,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $850k (Aug 8 2023)
Last sale anchor
$850k
Aug 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
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
$1,001,400
Assessed 2023
Previous assessed
$1,001,400
+0.0% YoY
Assessed land
$466,400
Assessed improvement
$535,000
Land market value
$466,400
Improvement market value
$535,000
Total market value
$1,001,400
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
5,312 SF
Lot
2.61 ac (113,692 SF)
Zoning code
O&I,OFFICE & INSTITUTION
APN
R08510-007-031-000
UPID
US53-0551475
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES
Est. value
$710,000
RESTAURANT
Est. value
$605,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
2.61 ac
Current owner
From public records · entity-resolved
The Cape Homeowners Associations
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 1277, CAROLINA BCH, NC 28428-1277
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
—
The Cape Homeowners Associations
The Cape Homeowners Association
Intrafamily Transfer
related
—
May 20, 2022
$850,000
The Cape Homeowners Assocation
Herring Bank
Special Warranty Deed
—
Sep 29, 2021
—
Herring Bank
North Carolina College Of Theology
Deed In Lieu Of Foreclosure
related
—
Mar 25, 2014
$500,000
North Carolina College Of Theolog
Sanctuary Of Faith
Warranty Deed
$955,000 · Herring Bk
Aug 22, 2012
$500,000
Sanctuary Of Faith
Sea & Tee Res & Residl Props
Warranty Deed
$1,415,000 · Herring Bank
Feb 8, 2011
—
Sea Tee Resort
Dwelling Place Cmnty Ch INC
Warranty Deed
$195,500 · North State Bank
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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