Individually Owned Property summary
AI-generated overview
A historic residence in Downtown Wilmington’s Historic District, originally constructed in 1890. The property contains approximately 4,761 square feet of three-level living space on a 0.24-acre lot and was renovated, maintaining notable original architectural elements such as lofty ceilings, intricate crown molding, and large-scale windows. The main level includes a foyer, formal living and dining rooms, a fully equipped kitchen, and a primary master suite. The second level has three ensuite bedrooms. The third level provides two additional private ensuites. An accessory unit with separate access is included to support additional accommodations. The property also includes a four-room Bed & Breakfast permit and features custom-designed closets throughout and landscaped gardens.
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1890
Total area
4,761 SF
Lot
0.24 ac (10,542 SF)
Zoning code
HD-R
APN
R05405-003-004-000
UPID
US53-5559464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bed & Breakfast Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
since 2025
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
HD-R · Wilmington, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.69M
Value range
$1.52M – $1.85M
±10% around blend
Estimated value / SF
$354 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$1.52M
blend $1.69M
$1.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,761 SF
Lot area
0.24 ac
Year built
1890
Stories
3
APN
R05405-003-004-000
Zoning
HD-R
Assessed value
$785,700
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.69M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 37 sales
$612
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $354/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.90%
Implied, in-place cap rate for this bed & breakfasts
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$109k *
Last sale · Apr 2025
$1.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.74M
Move the market yield to see immediate price impact.
Value / SF
$786
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.40%2.90%3.40%
$98k
$4.07M
$3.37M
$2.87M
$109k
$4.52M
$3.74M
$3.19M
$119k
$4.97M
$4.12M
$3.51M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$785,700
Assessed 2023
Previous assessed
$785,700
+0.0% YoY
Assessed land
$88,300
Assessed improvement
$697,400
Land market value
$88,300
Improvement market value
$697,400
Total market value
$785,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1890
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Bathrooms
7
Total area
4,761 SF
Lot
0.24 ac (10,542 SF)
Zoning code
HD-R
APN
R05405-003-004-000
UPID
US53-5559464
Jurisdiction
NEW HANOVER
Zoning & alternative use
HD-R · Wilmington, NCZoning HD-R · permitted uses
HD-R · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1890
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Bathrooms
7
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HD-R
Jurisdiction
Wilmington, NC
Recorded code
HD-R
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HD-R in Wilmington, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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