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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Bars & Pubs
114 Dock St, Wilmington, NC 28401-4433
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5821819
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1937
Construction
CONCRETE
Total area
1,724 SF
Lot
0.11 ac (4,574 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R05308-004-013-000
UPID
US53-5821819
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
-
Duck & Dive Pub Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$560k
Owner & transaction history
Barnew Holdings LLC · 3 yrs held
Barnew Holdings LLC
since 2022
Last sale
$490,000
3 recorded transactions
Zoning & alternative use
CBD,CENTRAL BUS DIST · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+7.9%
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
$660,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$570,000
Current use
OFFICE BUILDING
$615,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$560,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$505,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$500,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$490,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $490k (Dec 9 2022)
Last sale anchor
$490k
Dec 9 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
$325 / 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
$328,600
Assessed 2023
Previous assessed
$328,600
+0.0% YoY
Assessed land
$191,200
Assessed improvement
$137,400
Land market value
$191,200
Improvement market value
$137,400
Total market value
$328,600
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1937
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
1,724 SF
Lot
0.11 ac (4,574 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R05308-004-013-000
UPID
US53-5821819
Jurisdiction
NEW HANOVER
Zoning & alternative use
CBD,CENTRAL BUS DIST · Wilmington, NC
Zoning CBD,CENTRAL BUS DIST · permitted uses
CBD,CENTRAL BUS DIST · 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
RESTAURANT Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$615,000
MEDICAL BUILDING
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$505,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$490,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1937
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Barnew Holdings LLC
Entity
Mailing address
4016 CHANDLER DR, WILMINGTON, NC 28405-6422
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$490,000
Barnew Holdings LLC
Dock Street Holdings LLC
Special Warranty Deed
$392,000 · First Bank
Apr 14, 2016
$430,000
Dock Street Holdings LLC
Cjk Investments LLC
Warranty Deed
related
—
Jun 20, 2005
$330,000
Cjk Investments LLC
Crazylady INC
Warranty Deed
$297,000 · Suntrust Bank NA
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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