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    Property profile & analytics

    1437 College Rd Wilmington, NC 28403-5104

    • Grocery and convenience stores
    • 13,081 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimation
    $7,025,000
    Last Sale
    Apr 06, 2023
    $6,516,500
    Location Intelligence
    Property ID
    US53-2223141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Trader Joe's / Cheese Shop / Health Food Store

    Property Details for 1437 College Rd

    Year built
    2012
    Construction
    WOOD FRAME
    Lot size
    1.49 lot acres
    Property size
    13,081 SF
    Zone code
    RB,REGIONAL BUSINESS
    Property type
    Grocery and convenience stores
    APN
    R06107-002-006-000
    APU
    R06107002006000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,685,000
      6.5%
      $6,600,000
      7%
      $6,975,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,030,000
      Geo Method
      $6,610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,455,000
      Retail
      $6,090,000
      Mixed-Use
      $6,165,000
      Hospitality
      $7,025,000
      Educational
      $5,755,000
      Residential Income
      $6,090,000
      Energy
      $6,595,000
      Income-Based Land
      $6,085,000
      Food Service
      $6,640,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.886
    Latitude
    34.2108
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,417
    $629,800
    $1,904,800
    $2,534,600
    -
    $629,800
    $1,904,800
    $2,534,600

    Comparable in this City

    • Value Estimation by Request
      29,230 SF

      1451 Eastwood Rd

      GROCERY, SUPERMARKET • 29,230 SF
      1451 Eastwood Rd, Wilmington, NC 28403-0308
      View Details
    • Value Estimation by Request
      12,672 SF

      3911 Market St

      RETAIL STORES (PERSONAL SERVICES) • 12,672 SF
      3911 Market St, Wilmington, NC 28403-1403
      View Details
    • Value Estimation by Request
      29,820 SF

      922 College Rd

      RETAIL STORES (PERSONAL SERVICES) • 29,820 SF
      922 College Rd, Wilmington, NC 28403-4412
      View Details
    • Value Estimation by Request
      1,044 SF

      419 College Rd Ste, Unit 42

      RETAIL STORES (PERSONAL SERVICES) • 1,044 SF
      419 College Rd Ste, Wilmington, NC 28403-1659
      View Details
    • Value Estimation by Request
      0.05 Acres

      4522 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      4522 Park Ave, Wilmington, NC 28403-5024
      View Details
    • Value Estimation
      $525,000
      1,500 SF

      415 College Rd Ste, Unit 18

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      415 College Rd Ste, Wilmington, NC 28403-1661
      View Details

    Similar Nearby for Sale

    • $2,900,000
      3,250 SF

      Gas Station & Store For Sale

      Profitable gas station and convenience store in prime Wilmington location.
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      Centrally located property with high visibility and development potential.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,500 SF

      Retail/Office Space Near University

      1,500 SF retail or office space near UNCW.
      4401 Oleander Dr, Wilmington, NC 28403
      View Details
    • $29 SF/Yr
      43,600 SF

      Mixed-Use Development on Shipyard Blvd

      43,600 SF mixed-use development with high visibility and accessibility.
      3907 Shipyard Blvd, Wilmington, NC 28403
      View Details
    • $1,500 /Mo
      856 SF

      Wilmington Office/Retail Corner Unit

      Flexible office/retail space in prime midtown location, move-in ready.
      109 Hinton Ave Unit, Wilmington, NC 28403
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in University Centre

      Retail space available in a high-traffic Wilmington location.
      352 South-25 College Rd, Wilmington, NC 28403
      View Details
    • $19 SF/Yr
      6,600 SF

      Wrightsville Avenue Retail Space Available

      Up to 6,600 SF retail space available for lease.
      3509 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $24 SF/Yr
      1,940 SF

      Retail Space in Anderson Square

      Open retail space available in Wilmington's Midtown submarket.
      4113 Oleander Dr, Wilmington, NC 28403
      View Details
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    1437 College Rd
    Wilmington, NC 28403-5104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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