Entity Owned Property summary
AI-generated overview
The property is a retail space totaling 6,009 square feet, located in Wilmington along Oleander Drive, a heavily traveled commercial corridor. It is positioned near Independence Mall and adjacent to that mall’s redevelopment. The site is approximately 4 miles from Downtown Wilmington, 7 miles from Wrightsville Beach, and about 2 miles from the University of North Carolina at Wilmington. It is also roughly 1.2 miles from New Hanover Regional Medical Center.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
WOOD FRAME
Total area
6,924 SF
Lot
24.11 ac (1,050,232 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05517-001-001-000
UPID
US53-0808562
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
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.17M
Owner & transaction history
since 2023
4 recorded transactions
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Top alternative use upside
Retail stores
$1.8M
+4.2%
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.
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.17M
Value range
$1.05M – $1.28M
±10% around blend
Estimated value / SF
$168 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$1.05M
blend $1.17M
$1.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,924 SF
Lot area
24.11 ac
Year built
1993
Stories
1
APN
R05517-001-001-000
Zoning
RB,REGIONAL BUSINESS
Assessed value
$25,276,800
Annual tax
$213,589
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.13M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.22M
@ 6.5% CAP return
$1.13M
@ 7% CAP return
$1.05M
4
Sales comparison
Partial preview
Sales approach indication
$1.50M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.6 mi away · 6,798 SF
20.6 mi away · 6,798 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.17M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$254
-34%
Submarket 43 sales
$221
-24%
County 51 sales
$237
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $168/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+4%
vs current-use indication
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
7.20%
Implied, in-place cap rate for this community centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.20%
9.0%
NOI (est.)
$1.77M *
* 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$24.57M
Move the market yield to see immediate price impact.
Value / SF
$3,549
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
6.70%7.20%7.70%
$1.59M
$23.77M
$22.12M
$20.68M
$1.77M
$26.41M
$24.57M
$22.98M
$1.95M
$29.05M
$27.03M
$25.28M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.63M
1.0 mi · Dec 2025 · $242/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$213,589
Tax year 2023
Assessed value
$25,276,800
Assessed 2023
Previous assessed
$25,276,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$6,219,300
Assessed improvement
$19,057,500
Land market value
$6,219,300
Improvement market value
$19,057,500
Total market value
$25,276,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Units
1
Bathrooms
1
Total area
6,924 SF
Lot
24.11 ac (1,050,232 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05517-001-001-000
UPID
US53-0808562
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NCZoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
1
Lot
24.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RB,REGIONAL BUSINESS
Jurisdiction
Wilmington, NC
Recorded code
RB,REGIONAL BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RB,REGIONAL BUSINESS 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.
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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.
One complete report on every paid plan · 30 · 300 reports per month.
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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