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Property profile & analytics
OFF-MARKET
Estimated value
$11,710,000
Warehouses
1113 17th St Wilmington, NC 28401-8025
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2146170
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
65,100 SF
Lot
3.9 ac (169,884 SF)
Zoning code
LI
APN
R05415-003-001-000
UPID
US53-2146170
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
-
Go Store It Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.19M
CAP Approach
CAP
$10.15M
Comparable Approach
Comparable
$7.92M
Blend (final)
Blend
$11.71M
Owner & transaction history
Go Store It North Carolina · 3 yrs held
Go Store It North Carolina
since 2022
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
LI · 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
by Request
ML approach
$12,190,000
CAP Approach
CAP Return
Estimation
6%
$10,990,000
6.5%
$10,145,000
7%
$9,420,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,070,000
Current use
RETAIL STORES
$18,915,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,585,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$11.71M
Range $10.54M – $12.88M · ±10% · vs last sale $12.25M (Dec 20 2022)
Last sale anchor
$12.25M
Dec 20 2022
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
$180 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$66,204
Tax year 2024
Assessed value
$7,834,800
Assessed 2024
Previous assessed
$7,834,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,585,700
Assessed improvement
$6,249,100
Land market value
$1,585,700
Improvement market value
$6,249,100
Total market value
$7,834,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
500
Total area
65,100 SF
Lot
3.9 ac (169,884 SF)
Zoning code
LI
APN
R05415-003-001-000
UPID
US53-2146170
Jurisdiction
NEW HANOVER
Zoning & alternative use
LI · Wilmington, NC
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$19.1M
RETAIL STORES
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$18.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
500
Lot
3.9 ac
Current owner
From public records · entity-resolved
Go Store It North Carolina
Individual
Mailing address
6805 CARNEGIE BLVD STE #120, CHARLOTTE, NC 28211-3551
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
$12,250,000
Go Store It North Carolina
Go Store It The Vault LLC
Special Warranty Deed
—
Nov 6, 2020
—
Go Store It Huntersville LLC
—
Deed
related
$10,000 · Skymar Cap
Sep 26, 2018
—
Go Store It The Vault LLC
Vault On 17th LLC
Quit Claim Deed
related
$11,300,000 · Loancore Cap Credit Reit LLC
Sep 26, 2018
$8,000,000
Go Store It The Vault LLC
Vault On 17th LLC
Warranty Deed
related
—
Jun 29, 2017
—
Vault On 17th LLC
—
Deed
related
$4,300,000 · Little Bk
May 10, 2017
$450,000
Vault On 17th LLC
Ca North Carolina Holdings INC
Warranty Deed
—
Jan 16, 2015
$343,000
Ca North Carolina Holdings INC
Rps South 17th Street Wilmingt
Grant Deed
related
—
Jan 13, 2012
$3,150,000
Rps South 17th Street Wilmingt
Lakeland Ledger Publishing Cor
Grant Deed
—
Jan 13, 2012
—
Rps South 17th Street Wilmingt
Lakeland Ledger Publishing Cor
Deed Of Trust
related
$74,200,000 · Lbc Credit Ptrs II LP
—
—
Rps S 17th St Wilmington LLC
—
Deed Of Trust
related
$74,200,000 · Lbc Credit Ptrs II LP
—
—
Vault On 17th LLC
—
Deed Of Trust
related
$4,300,000 · Little Bk
—
—
Go Store It Huntersville LLC
—
Deed Of Trust
related
$10,000 · Skymar Cap
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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