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Property profile & analytics
OFF-MARKET
Estimated value
$6,670,000
Warehouses
1313 13th St Wilmington, NC 28401
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1431624
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1930
Construction
STEEL FRAME
Total area
6,600 SF
Lot
3.17 ac (138,085 SF)
Zoning code
CS,COMMERCIAL SERVICE
APN
R05414-016-002-000
UPID
US53-1431624
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.67M
Owner & transaction history
Self Storage Of Wilmington LLC · 4 yrs held
Self Storage Of Wilmington LLC
since 2022
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
CS,COMMERCIAL SERVICE · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.3M
+225.6%
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
$8,500,000
ML approach
$8,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,295,000
Change: +226% · Conversion: Difficult
Blend value · Realmo final
$6.67M
Range $6.00M – $7.34M · ±10% · vs last sale $6.30M (Apr 20 2022)
Last sale anchor
$6.30M
Apr 20 2022
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
$1,011 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,342
Tax year 2024
Assessed value
$3,027,800
Assessed 2024
Previous assessed
$3,027,800
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$258,200
Assessed improvement
$2,769,600
Land market value
$258,200
Improvement market value
$2,769,600
Total market value
$3,027,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Units
1
Total area
6,600 SF
Lot
3.17 ac (138,085 SF)
Zoning code
CS,COMMERCIAL SERVICE
APN
R05414-016-002-000
UPID
US53-1431624
Jurisdiction
NEW HANOVER
Zoning & alternative use
CS,COMMERCIAL SERVICE · Wilmington, NC
Zoning CS,COMMERCIAL SERVICE · permitted uses
CS,COMMERCIAL SERVICE · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
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
1930
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
3.17 ac
Current owner
From public records · entity-resolved
Self Storage Of Wilmington LLC
Entity
Mailing address
6805 CARNEGIE BLVD STE #250, CHARLOTTE, NC 28211-4276
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
—
Self Storage Of Wilmington LLC
Coastal Mini Storage Of Cape Fear L
Quit Claim Deed
related
$112,073,000 · Jpmorgan Chase Bank NA
Apr 20, 2022
$6,300,000
Self Storage Of Wilmington LLC
Coastal Mini Storage Of Cape Fear L
Special Warranty Deed
—
Mar 24, 2017
—
Coastal Mini Storage Of Cape Fear
—
Grant Deed
related
$1,395,137 · Aquesta Bk
Apr 27, 2010
—
Coastal Mini Storage Of Cape Fear
—
Deed Of Trust
related
$11,586,845 · Branch Banking & Trust Co
Jun 11, 2008
—
Coastal Mini Storage Of Cape Fear
High,robert M & Mary H
Warranty Deed
$1,122,720 · Branch Banking & Trust Co
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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