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    Property profile & analytics

    1202 College Rd Wilmington, NC 28403-5115

    • Car washes
    • 4,102 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimation
    $2,885,000
    Last Sale
    Aug 17, 2022
    $2,450,000
    Location Intelligence
    Property ID
    US53-0121333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Buff Masters Car Wash / Car Wash / Car Detailing Service

    Property Details for 1202 College Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    0.64 lot acres
    Property size
    4,102 SF
    Zone code
    CB,COMMUNITY BUSIN
    Property type
    Car washes
    APN
    R05519-021-003-000
    APU
    R05519021003000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,410,000
      6.5%
      $2,625,000
      7%
      $2,690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,760,000
      Geo Method
      $2,720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,810,000
      Retail
      $3,245,000
      Mixed-Use
      $2,950,000
      Hospitality
      $3,155,000
      Educational
      $2,605,000
      Residential Income
      $2,720,000
      Energy
      $3,235,000
      Income-Based Land
      $2,955,000
      Food Service
      $3,105,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8868
    Latitude
    34.214
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,293
    $369,900
    $374,800
    $744,700
    -
    $369,900
    $374,800
    $744,700

    Comparable in this City

    • Value Estimation
      $3,485,000
      3,512 SF

      911 College Rd

      CAR WASH • 3,512 SF
      911 College Rd, Wilmington, NC 28403-4411
      View Details
    • Value Estimation
      $280,000
      796 SF

      127 Hinton Ave

      CAR WASH • 796 SF
      127 Hinton Ave, Wilmington, NC 28403
      View Details
    • Value Estimation by Request
      8,530 SF

      1520 Military Cutoff Rd

      CAR WASH • 8,530 SF
      1520 Military Cutoff Rd, Wilmington, NC 28403-5714
      View Details
    • Value Estimation
      $425,000
      2,304 SF

      3835 Oleander Dr

      CAR WASH • 2,304 SF
      3835 Oleander Dr, Wilmington, NC 28403-6716
      View Details
    • Value Estimation by Request
      4,020 SF

      5520 Oleander Dr

      CAR WASH • 4,020 SF
      5520 Oleander Dr, Wilmington, NC 28403-5814
      View Details
    • Value Estimation
      $380,000
      1,971 SF

      325 College Rd

      CAR WASH • 1,971 SF
      325 College Rd, Wilmington, NC 28403-1601
      View Details

    Similar Nearby for Sale

    • $2,900,000
      3,250 SF

      Gas Station & Store For Sale

      Profitable gas station and convenience store in prime Wilmington location.
      2401 Wrightsville Ave, Wilmington, NC 28403
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    • $2,325,000
      4,120 SF

      Wilmington Retail Automotive Shop ForSale

      Retail automotive shop in Wilmington, NC with high visibility.
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    • $495,000
      2,434 SF

      Retail/Commercial/Automotive Building For Sale

      Retail/Commercial/Automotive building for sale at Eastwood Center.
      100C Old Eastwood Rd, Wilmington, NC 28403
      View Details
    • $5,500,000
      7,763 SF

      Retail Property on College Road

      7,763 sqft retail property on 1.26 acre lot.
      302 S College Rd, Wilmington, NC 28403
      View Details
    • $1,350,000

      Prime Location Retail Building

      3500 sq ft building in prime location, GB Zoning.
      1006 Kerr Ave S, Wilmington, NC 28403
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    • $1,000,000
      2,400 SF

      Multifunctional Property in Central Wilmington

      Centrally located property with high visibility and development potential.
      4609 Wrightsville Ave, Wilmington, NC 28403
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    Similar Nearby for Lease

    • $5,200 /Mo
      7,300 SF

      Versatile Flex/Industrial Buildings For Lease

      Two adjoining flex/industrial buildings totaling 7,300 SF for lease.
      20 Covil Ave, Wilmington, NC 28403
      View Details
    • Contact for pricing
      8,500 SF

      Retail Space Near University

      Retail space available in shopping center near University of Carolina.
      200 Racine Dr, Wilmington, NC 28403
      View Details
    • Contact for pricing
      8,343 SF

      Retail Space in University Centre

      Retail space available in Wilmington's University Centre shopping center.
      322-412 South College Rd, Wilmington, NC 28403
      View Details
    • New
      $1,600 /Mo
      856 SF

      Flexible Office/Retail Space Available

      Move-in ready office/retail space in prime Wilmington location.
      109 Hinton Ave Unit, Wilmington, NC 28403
      View Details
    • $20 SF/Yr
      261,240 SF

      Wilmington Retail Space Available

      Prime Wilmington retail/office space, flexible layouts.
      111 Kerr Ave, Wilmington, NC 28403
      View Details
    • $25 SF/Yr
      1,500 SF

      Retail/Office Space Near University

      1,500 SF retail or office space near UNCW.
      4401 Oleander Dr, Wilmington, NC 28403
      View Details
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    1202 College Rd
    Wilmington, NC 28403-5115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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