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Property profile & analytics
OFF-MARKET
Estimated value
$9,055,000
Hotels
151 Van Campen Blvd, Wilmington, NC 28403-1621
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1187582
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Construction
CONCRETE
Total area
72,740 SF
Lot
3.5 ac (152,547 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R04916-001-018-000
UPID
US53-1187582
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
-
Courtyard Wilmington/Wrightsville Beach Hotel & Motel
-
151 Van Campen Boulevard Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.37M
CAP Approach
CAP
$11.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.06M
Owner & transaction history
Kre Hip Court Wilmington Owner LLC · 4 yrs held
Kre Hip Court Wilmington Owner LLC
since 2021
Last sale
$8.3M
3 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
$9,280,000
ML approach
$10,365,000
CAP Approach
CAP Return
Estimation
6%
$12,425,000
6.5%
$11,465,000
7%
$10,650,000
Blend value · Realmo final
$9.06M
Range $8.15M – $9.96M · ±10% · vs last sale $8.29M (Nov 4 2021)
Last sale anchor
$8.29M
Nov 4 2021
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
$124 / 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
$72,910
Tax year 2023
Assessed value
$8,628,400
Assessed 2023
Previous assessed
$8,628,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$982,500
Assessed improvement
$7,645,900
Land market value
$982,500
Improvement market value
$7,645,900
Total market value
$8,628,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
128
Bathrooms
131
Total area
72,740 SF
Lot
3.5 ac (152,547 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R04916-001-018-000
UPID
US53-1187582
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.
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
128
Bathrooms
131
Lot
3.5 ac
Current owner
From public records · entity-resolved
Kre Hip Court Wilmington Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 HUDSON YARDS, NEW YORK, NY 10001-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 4, 2021
$8,289,000
Kre Hip Court Wilmington Owner LLC
Ihp Wilmington I Owners LLC
Special Warranty Deed
—
Dec 2, 2014
—
Ihp Wilmington I Owner LLC
Winston Spe II LLC
Grant Deed
related
—
Nov 13, 2006
—
Winston Spe II LLC
Winston Spe LLC
Quit Claim Deed
related
$60,000 · General Electric Capital Corp
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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