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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Bars & Pubs
1417 42nd St, Wilmington, NC 28403-6819
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1696937
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1959
Construction
CONCRETE
Total area
5,580 SF
Lot
0.21 ac (9,104 SF)
Zoning code
R-10,RESIDENTIAL DISTRICT
APN
R06106-002-001-000
UPID
US53-1696937
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
-
42nd Street Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$595k
Owner & transaction history
Reggies LLC · 5 yrs held
Reggies LLC
since 2020
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
R-10,RESIDENTIAL DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$570,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $575k (Oct 27 2020)
Last sale anchor
$575k
Oct 27 2020
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
$107 / 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
$1,726
Tax year 2023
Assessed value
$272,400
Assessed 2023
Previous assessed
$272,400
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$73,100
Assessed improvement
$199,300
Land market value
$73,100
Improvement market value
$199,300
Total market value
$272,400
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,580 SF
Lot
0.21 ac (9,104 SF)
Zoning code
R-10,RESIDENTIAL DISTRICT
APN
R06106-002-001-000
UPID
US53-1696937
Jurisdiction
NEW HANOVER
Zoning & alternative use
R-10,RESIDENTIAL DISTRICT · Wilmington, NC
Zoning R-10,RESIDENTIAL DISTRICT · permitted uses
R-10,RESIDENTIAL DISTRICT · 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.
Building & site characteristics
From public records
Year built
1959
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Reggies LLC
Entity
Mailing address
1415 42ND ST, WILMINGTON, NC 28403-6819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Oct 27, 2020
$575,000
Reggies LLC
Emmett Boney Haywood
Special Warranty Deed
$480,000 · Select Bank & Trust Co
Mar 3, 2020
—
Three Bones LLC
Lillian Bellamy Boney
Quit Claim Deed
related
—
Dec 22, 2016
—
Koonce,mary B Trust
Koonce,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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