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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
1401 Lt Congleton Rd Wilmington, NC 28409
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1058512
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1992
Total area
3,132 SF
Lot
19.16 ac (834,610 SF)
Zoning code
R-15,RESIDENTIAL DISTRICT
APN
R07900-003-039-000
UPID
US53-1058512
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Congleton Farms HOA INC · 4 yrs held
Congleton Farms HOA INC
since 2022
7 recorded transactions
Zoning & alternative use
R-15,RESIDENTIAL DISTRICT · Wilmington, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,261
Tax year 2023
Assessed value
$624,200
Assessed 2023
Previous assessed
$624,200
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$368,700
Assessed improvement
$255,500
Land market value
$368,700
Improvement market value
$255,500
Total market value
$624,200
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1992
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
3,132 SF
Lot
19.16 ac (834,610 SF)
Zoning code
R-15,RESIDENTIAL DISTRICT
APN
R07900-003-039-000
UPID
US53-1058512
Jurisdiction
NEW HANOVER
Zoning & alternative use
R-15,RESIDENTIAL DISTRICT · Wilmington, NCZoning R-15,RESIDENTIAL DISTRICT · permitted uses
R-15,RESIDENTIAL DISTRICT · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1992
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
4
Lot
19.16 ac
Current owner
From public records · entity-resolved
Congleton Farms HOA INC
Entity
Free & Clear · 4 yrs held
Mailing address
211 RACINE DR STE #101, WILMINGTON, NC 28403-8842
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
Congleton Farms HOA INC
Clayton Properties Group INC
Foreclosure
related
—
Jun 11, 2021
$478,500
Deanna M Grigsby
Clayton Properties Group INC
Warranty Deed
$382,558 · Vanderbilt Mortgage & Finance INC
May 27, 2021
$418,000
Adrienne S Mckinney
Clayton Properties Group INC
Warranty Deed
$370,500 · Vanderbilt Mortgage & Finance INC
May 20, 2021
$405,500
Xiaoping Zhong
Clayton Properties Group INC
Warranty Deed
—
Apr 26, 2021
$411,500
Mary C Horne
Clayton Properties Group INC
Warranty Deed
—
Mar 31, 2021
$407,500
John Kevin Robertson
Clayton Properties Group INC
Warranty Deed
—
Mar 30, 2021
$357,500
Kathleen Roberts
Clayton Properties Group INC
Warranty Deed
$285,723 · Vanderbilt Mortgage & Finance INC
Mar 18, 2021
$432,500
Charles Michael Holtzclaw
Clayton Properties Group INC
Warranty Deed
$257,371 · Vanderbilt Mortgage & Finance INC
Mar 10, 2021
$417,500
Samuel H Oakley
Clayton Properties Group INC
Warranty Deed
$362,552 · Guaranteed Rate INC
Mar 2, 2021
$369,500
Joshua M Lawrence
Clayton Properties Group INC
Warranty Deed
$279,271 · Vanderbilt Mortgage & Finance INC
Feb 24, 2021
$424,500
Kendra L Fox
Clayton Properties Group INC
Warranty Deed
$339,410 · Vanderbilt Mortgage & Finance INC
Dec 3, 2020
$360,000
Charles A Ray
Clayton Properties Group
Warranty Deed
—
Nov 3, 2020
$450,500
Kimberly S Brown
Clayton Proerties Group INC
Warranty Deed
$368,738 · Vanderbilt Mortgage & Finance INC
Nov 2, 2020
$383,000
Tamika Miller
Clayton Props Grp INC
Warranty Deed
—
Nov 2, 2020
$363,000
Albert R Purcell
Clayton Props Grp INC
Warranty Deed
$362,691 · Vanderbilt Mtg & Fin
Nov 5, 2019
—
Raleigh-wilmington Investors L
Clayton Properties Group INC
Quit Claim Deed
related
—
Nov 30, 2018
$3,310,000
Clayton Properties Group INC
Mungo Hms Of North Carolina
Grant Deed
—
Jul 24, 2018
$2,788,000
Mungo Hms Of N Carolina INC
Raleigh-wilmington Invtrs LLC
Warranty Deed
—
Aug 8, 2017
$4,211,500
Raleigh-wilmington Invtrs LLC
Marvin H Congleton SR.
Warranty Deed
—
Aug 8, 2017
—
Raleigh-wilmington Invtrs LLC
Marvin H Congleton JR.
Quit Claim Deed
related
$2,902,513 · Branch Bk&tr
Feb 4, 2016
$65,000
American Homesmith LLC
E 85 Transport LLC
Warranty Deed
—
Mar 1, 2010
—
Marvin H Congleton SR.
Congleton,marvin H SR & Carolyn
Quit Claim Deed
related
—
Jan 11, 2006
—
Marvin H Congleton SR.
Congleton,marvin H II & Mary B
Quit Claim 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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