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Property profile & analytics
OFF-MARKET
Estimated value
$4,415,000
Skating rinks
1120 Town Lk Dr, Leland, NC 28451-9476
Individually Owned
19-yr Hold
Free & Clear
Property ID
US53-0883641
Property profile
Verified
Property type
Skating rinks
Use group
SKATING RINK, ICE SKATING, ROLLER SKATING
Year built
2008
Total area
56,482 SF
Lot
1.68 ac (73,181 SF)
Zoning code
C2
APN
470002406
UPID
US53-0883641
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.42M
Owner & transaction history
Scotts Hill Baptist Ch Of Wilming · 19 yrs held
Scotts Hill Baptist Ch Of Wilming
since 2007
4 recorded transactions
Zoning & alternative use
C2 · Leland, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+41.0%
Auto repair, garage
$6.4M
+31.1%
Retail stores
$6.3M
+29.2%
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 Leland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leland 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$4,855,000
Current use
OFFICE BUILDING
$6,845,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,365,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$6,270,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,305,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.97M – $4.86M · ±10%
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
$78 / 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
Property tax & assessments
Assessed value
$13,646,450
Assessed 2023
Previous assessed
$7,652,880
+78.3% YoY
Assessed land
$1,253,400
Assessed improvement
$12,393,050
Land market value
$1,253,400
Improvement market value
$12,393,050
Total market value
$13,646,450
Applied tax rate
31.0000
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
Skating rinks
Use group
SKATING RINK, ICE SKATING, ROLLER SKATING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Bathrooms
6
Total area
56,482 SF
Lot
1.68 ac (73,181 SF)
Zoning code
C2
APN
470002406
UPID
US53-0883641
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Leland, NC
Zoning C2 · permitted uses
C2 · Leland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.3M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
6
Lot
1.68 ac
Current owner
From public records · entity-resolved
Scotts Hill Baptist Ch Of Wilming
Individual
Free & Clear · 19 yrs held
Mailing address
1120 TOWN LK DR, LELAND, NC 28451-9476
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
Sankey Properties LLC
—
Deed
related
$6,000,000 · The Fidelity Bank
Jun 24, 2010
—
Sankey Properties LLC
—
Deed Of Trust
related
$12,300,000 · Stan Johnson & Associates LLC
Apr 4, 2007
—
Scotts Hill Baptist Ch Of Wilming
Sanders,nathan S & Judia B
Warranty Deed
related
—
Apr 1, 2007
—
Sankey Properties LLC
Owner Name Unavailable
Warranty Deed
related
—
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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