Technical
Financial
Distress signals
Property profile

132 Racine Dr 1 Wilmington, NC 28403

OFF-MARKET
Community centers
Property ID
US53-1818279
17,524 SF 2.04 ac lot Built 1998
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1998
Construction CONCRETE
Total area 17,524 SF
Lot 2.04 ac (88,645 SF)
Zoning code RB,REGIONAL BUSINESS
APN R05013-008-080-000
UPID US53-1818279

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
  • Barber Shop
  • Gym & Fitness Center
  • Cafe & Coffee Shop
  • Barber Shop
  • (Bike/Boat/Book/etc) Store Pharmacy

Location

132 Racine Dr, Unit 1 Wilmington, NC 28403-1962
Wilmington metro Census 11501 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.85M
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$2.20M

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2019
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RB,REGIONAL BUSINESS · Wilmington, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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