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Property profile & analytics
OFF-MARKET
Estimated value
$4,320,000
Community centers
1204 Lk Park N Blvd, Carolina Beach, NC 28428-4163
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-1159045
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
CONCRETE
Total area
19,711 SF
Lot
1.69 ac (73,616 SF)
Zoning code
HB
APN
R08814-003-092-000
UPID
US53-1159045
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
-
Shipwreck Neon Mini Golf Golf Course
-
Rob Winkler- WIN Realty Real Estate Agency
-
Heather Smith (Coastal Compass) Keller Williams Real Estate Agency
-
USC Event Parking Parking Lot & Garage
-
Bazen Custom Rods (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$4.32M
Owner & transaction history
James J Wilkins · 14 yrs held
James J Wilkins
since 2012
2 recorded transactions
Zoning & alternative use
HB · Carolina Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.6M
+41.3%
Retail stores
$6.3M
+35.5%
Auto repair, garage
$6.3M
+35.2%
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 Carolina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carolina Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,030,000
6.5%
$4,640,000
7%
$4,310,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,665,000
Current use
OFFICE BUILDING
$6,590,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$6,315,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,305,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$5,980,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,060,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10%
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
$219 / 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
Tax billed
$19,641
Tax year 2023
Assessed value
$2,953,500
Assessed 2023
Previous assessed
$2,953,500
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$976,500
Assessed improvement
$1,977,000
Land market value
$976,500
Improvement market value
$1,977,000
Total market value
$2,953,500
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
7
Total area
19,711 SF
Lot
1.69 ac (73,616 SF)
Zoning code
HB
APN
R08814-003-092-000
UPID
US53-1159045
Jurisdiction
NEW HANOVER
Zoning & alternative use
HB · Carolina Beach, NC
Zoning HB · permitted uses
HB · Carolina Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carolina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
7
Lot
1.69 ac
Current owner
From public records · entity-resolved
James J Wilkins
Individual
Mailing address
1204 LK PARK BLVD N UNIT A, CAROLINA BEACH, NC 28428-4164
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2012
—
James J Wilkins
—
Deed Of Trust
related
$1,390,000 · Branch Banking & Trust Co
Jan 30, 2009
—
James J Wilkins
—
Grant Deed
related
$6,660,000 · 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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