Financial
Distress signals
Property profile

1120 Princess St Wilmington, NC 28401

OFF-MARKET
Turn key restaurants
Property ID
US53-1112635
1,540 SF 0.06 ac lot Built 1951
Last sale Apr 2026 · $895,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This urban mixed-use property includes a 1,516-square-foot multipurpose main building, a 163-square-foot greenhouse, and a 124-square-foot storage shed on 0.239 acres (10,411 square feet) of land. The site also has an open parking and storage area providing approximately 7,900 square feet of additional space. Located in the Soda Pop District, the main building has historically supported restaurants, catering operations, general businesses, and art-related facilities. The building is equipped…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$243k
Assessed land$118k
Assessed improvement$125k
Effective rate0.84%

Value estimate

· Sep 2026
$435k
$392k – $479k
AI approach$510k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$332/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$153 – $450

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Supply35.7
Wholesale Shop28.2
Dental Office24.7

Location

1120 Princess St Wilmington, NC 28401-4336
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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
708 17th, Wilmington, NC 28401-5517 $1,575,000 Oct 2025 1,710 SF
26 Frnt, Wilmington, NC 28401-4482 $715,000 Mar 2025 1,147 SF
306 Frnt, Wilmington, NC 28401-3909 $660,000 Oct 2024 1,904 SF
512 14th, Wilmington, NC 28401-5434 $335,000 Sep 2024 1,884 SF
1125 4th, Wilmington, NC 28401-3000 $670,000 Jun 2024 1,984 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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