Property profile

1201 College Rd Wilmington, NC 28403

OFF-MARKET
Turn key restaurants
Property ID
US53-1663667
4,204 SF 0.68 ac lot Built 1993
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction STEEL FRAME
Total area 4,204 SF
Lot 0.68 ac (29,447 SF)
Zoning code CB,COMMUNITY BUSIN
APN R05519-020-001-000
UPID US53-1663667

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
  • Restaurant
  • Cafe & Coffee Shop

Location

1201 College Rd Wilmington, NC 28403-5114
Wilmington metro Census 11906 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$1.31M

Owner & transaction history

since 2020
Last sale
$1.3M
4 recorded transactions
2020
$1.3M
2015
$765,000
2014
$600,000
2006
$1.1M

Zoning & alternative use

CB,COMMUNITY BUSIN · Wilmington, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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