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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Retail space
1507 Dawson St Wilmington, NC 28401-8031
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1760831
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
WOOD FRAME
Total area
5,000 SF
Lot
0.57 ac (24,873 SF)
Zoning code
UMX
APN
R05410-027-006-000
UPID
US53-1760831
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
-
The Wash House (Bike/Boat/Book/etc) Store
-
Luandri (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.21M
Owner & transaction history
Rkw Properties LLC · 8 yrs held
Rkw Properties LLC
since 2018
5 recorded transactions
Zoning & alternative use
UMX · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+23.2%
Restaurant
$1.7M
+14.1%
Medical building
$1.6M
+11.8%
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%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,455,000
Current use
OFFICE BUILDING
$1,790,000
Change: +23% · Conversion: Easy
RESTAURANT
$1,660,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$1,625,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,465,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,425,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
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
$241 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$916,900
Assessed 2023
Previous assessed
$916,900
+0.0% YoY
Assessed land
$133,700
Assessed improvement
$783,200
Land market value
$133,700
Improvement market value
$783,200
Total market value
$916,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,000 SF
Lot
0.57 ac (24,873 SF)
Zoning code
UMX
APN
R05410-027-006-000
UPID
US53-1760831
Jurisdiction
NEW HANOVER
Zoning & alternative use
UMX · Wilmington, NC
Zoning UMX · permitted uses
UMX · 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
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2019
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Rkw Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 429, BETHEL, NC 27812-0429
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
Rkw Properties LLC
—
Trustees Deed
related
$10,000 · Branch Banking & Tr Co
Apr 11, 2018
$200,000
Rkw Properties LLC
Mldrad LLC
Warranty Deed
—
Oct 25, 2007
$260,000
Mldrad LLC
Malloy,charles D & Grace
Warranty Deed
—
—
—
Mildrad LLC
—
Deed Of Trust
related
$75,000 · Pnc Bank
—
—
Mldrad LLC
—
Deed Of Trust
related
$150,000 · Yadkin Valley Bank & Trust Co
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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