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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Medical Office Space
1305 Gln Meade Rd, Wilmington, NC 28401-7369
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2403555
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2021
Total area
19,884 SF
Lot
3.2 ac (139,392 SF)
Zoning code
O&I-1
APN
R06015-004-003-000
UPID
US53-2403555
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
-
Ambulatory Surgery Center Medical Clinic Hospital
-
Wilmington Health Ambulatory Surgery Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$3.99M
Owner & transaction history
Wilmington Health PLLC · 4 yrs held
Wilmington Health PLLC
since 2022
3 recorded transactions
Zoning & alternative use
O&I-1 · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+2.1%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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%
$2,805,000
6.5%
$2,590,000
7%
$2,405,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,460,000
Current use
RESTAURANT
$6,595,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,825,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$5,780,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,675,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±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
$200 / 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
$40,559
Tax year 2023
Assessed value
$4,799,900
Assessed 2023
Previous assessed
$4,799,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$899,300
Assessed improvement
$3,900,600
Land market value
$899,300
Improvement market value
$3,900,600
Total market value
$4,799,900
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
19,884 SF
Lot
3.2 ac (139,392 SF)
Zoning code
O&I-1
APN
R06015-004-003-000
UPID
US53-2403555
Jurisdiction
NEW HANOVER
Zoning & alternative use
O&I-1 · Wilmington, NC
Zoning O&I-1 · permitted uses
O&I-1 · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.5M
RESTAURANT
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
MEDICAL BUILDING Current
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Wilmington Health PLLC
Individual
Mailing address
1202 MEDICAL CTR DR, WILMINGTON, NC 28401-7307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$11,513,500
Wilmington Health PLLC
Smp Wilmington Asc LLC
Warranty Deed
$11,513,349 · Southern Bank & Trust Co
Jul 20, 2021
—
Smp Wilmington Asc LLC
—
Deed
related
$9,557,497 · Southern First Bank NA
Jul 9, 2021
—
Wilmington Health PLLC
Cameron Company LLC
Correction Deed
related
—
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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