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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Office buildings
1426 Commonwealth Dr Wilmington, NC 28403-0302
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1532338
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD FRAME
Total area
4,864 SF
Lot
0.16 ac (7,187 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05612-009-009-000
UPID
US53-1532338
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
-
Edgerton and Glenn DDS Dental Office
-
Ryan T Rhodenhise Law Firm
-
Bridgeside Counseling Counselor
-
Coastal Connections Collective Psychotherapist
-
David Fisher Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.68M
Owner & transaction history
Crescendo Enterprises LLC
Crescendo Enterprises LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
RB,REGIONAL BUSINESS · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,700,000
Current use
COMMERCIAL (GENERAL)
$1,525,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$1,475,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,390,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.90M (Dec 29 2025)
Last sale anchor
$1.90M
Dec 29 2025
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
$344 / 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
$8,361
Tax year 2023
Assessed value
$989,500
Assessed 2023
Previous assessed
$989,500
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$179,800
Assessed improvement
$809,700
Land market value
$179,800
Improvement market value
$809,700
Total market value
$989,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,864 SF
Lot
0.16 ac (7,187 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05612-009-009-000
UPID
US53-1532338
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Zoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · 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
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1990
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Crescendo Enterprises LLC
Entity
Mailing address
1310 AIRLIE RD, WILMINGTON, NC 28403-3727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$1,900,000
Crescendo Enterprises LLC
Jaws Properties LLC
Warranty Deed
$1,900,000 · Southern Bank & Trust Co
Dec 22, 2021
$1,280,000
Atlantic III LLC
Commonwealth Of Wilmington LLC
Special Warranty Deed
$1,280,000 · Southern Bank & Trust Co
Jun 15, 2016
—
Jaws Properties LLC
—
Deed
related
$569,941 · Southern Bk
Feb 10, 2010
$830,000
Jaws Properties LLC
Wsc Joint Venture
Warranty Deed
$1,020,000 · Newbridge Bank
—
—
Jaws Properties LLC
—
Deed Of Trust
related
$423,000 · Wilmington Industrial Dev INC
—
—
Wsc
—
Deed Of Trust
related
$769,500 · Park Sterling Bank
—
—
Jaws Properties LLC
—
Deed Of Trust
related
$569,941 · Southern Bk
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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