Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11135 Us Hwy 17 Wilmington, NC 28411-6865
    Property profile & analytics

    11135 Us Hwy 17, Wilmington, NC 28411-6865

    View on Map
    • Grocery and convenience stores
    • 7,200 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US53-2411755
    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
    $750,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 11135 Us Hwy 17

    Year built
    1997
    Lot size
    1.03 lot acres
    Zone code
    RT
    Property type
    Grocery and convenience stores
    APN
    3271-63-0891-0000
    APU
    32716308910000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2020 — Freds Beds LLC — Deed · related $193k · Us Small Business Administrati
    Dec 5, 2019 — Fred S Beds L L C — Deed · related $102k · United States Small Business Admin
    — — Freds Beds LLC — Loan Modification · related $193k · Us Small Business Administrati

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Pender
    State
    North Carolina
    Longitude
    -77.7543
    Latitude
    34.331
    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
    $206,000
    $318,905
    $524,905
    -
    $206,000
    $318,905
    $524,905

    Comparable in this City

    • Value Estimation
      $2,875,000
      19,248 SF

      7954 Market St

      GROCERY, SUPERMARKET
      7954 Market St, Wilmington, NC 28411-9382
      View Details
    • Value Estimation by Request
      1,200 SF

      6620 Gordon Rd Ste K

      RETAIL STORES (PERSONAL SERVICES)
      6620 Gordon Rd Ste K, Wilmington, NC 28411-8413
      View Details
    • Value Estimation by Request
      1,200 SF

      6620 Gordon Rd Ste D

      RETAIL STORES (PERSONAL SERVICES)
      6620 Gordon Rd Ste D, Wilmington, NC 28411-8413
      View Details
    • Value Estimation
      $735,000
      7,390 SF

      11243 Us Hwy 17

      RETAIL STORES (PERSONAL SERVICES)
      11243 Us Hwy 17, Wilmington, NC 28411-6867
      View Details
    • Value Estimation
      $710,000
      6,000 SF

      7718 Market St

      RETAIL STORES (PERSONAL SERVICES)
      7718 Market St, Wilmington, NC 28411-9459
      View Details
    • Value Estimation
      $1,215,000
      8,181 SF

      7016 Market St

      RETAIL STORES (PERSONAL SERVICES)
      7016 Market St, Wilmington, NC 28411-9728
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,200 SF

      Market Street Commercial Property For Sale

      Income-producing commercial property with high visibility on Market Street.
      7890 Market St, Wilmington, NC 28411
      View Details
    • Contact for pricing
      7,922 SF

      Retail Space in Growing Market

      Retail space in a rapidly growing, affluent community.
      8232 Market St, Wilmington, NC 28411
      View Details
    • Contact for pricing

      Prime Retail Outparcel Opportunity

      2.95-acre retail strip with one 0.92-acre site for lease.
      Us-17 & Lendire Rd, Wilmington, NC 28411
      View Details
    • $630,290

      Porters Neck Wooded Parcel

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

    Similar Nearby for Lease

    • 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
    • $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
      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
      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

      Land Ground Lease Available

      Land available for ground lease.
      7597 Market St, Wilmington, NC 28411
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11135 Us Hwy 17
    Wilmington, NC 28411-6865
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11135 Us Hwy 17, Wilmington, NC, 28411
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!