Financial
Distress signals
Property profile

118 S 4Th St Wilmington, NC 28401

FOR SALE
Bed & breakfasts
Property ID
US53-5559464
4,761 SF 0.24 ac lot Built 1890
Last sale Apr 2025 · $1,550,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

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

What does the county charge?
Assessed value · 2023$786k
Assessed land$88k
Assessed improvement$697k

Value estimate

· Sep 2026
$1.69M
$1.52M – $1.85M
AI approach$1.72M
NOI build-up
Gross scheduled income$129k
Vacancy & credit loss−$26k
Operating expenses−$54k
NOI · 2.72% cap applied$49k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$612/SF
County average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$208 – $954

Cap rate analysis

How does the asset earn?
2.72%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HD-R
JurisdictionNEW HANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.3
Garden Center8.9
Watch Repair Shop8.8

Location

118 S 4Th St Wilmington, NC 28401
County assessor Recorded deeds · 2 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1417 Market, Wilmington, NC 28401-4908 $710,000 Jan 2023 6,522 SF
202 Nun, Wilmington, NC 28401-5020 $1,800,000 May 2022 6,072 SF
215 Frnt, Wilmington, NC 28401-4414 $1,895,000 Nov 2021 9,766 SF
100 3rd, Wilmington, NC 28401-4503 $1,925,000 Jun 2021 16,108 SF
312 3rd, Wilmington, NC 28401-4507 $745,000 May 2021 4,923 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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