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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Medical Office Space
1515 Doctors Cir, Wilmington, NC 28401-7403
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1151784
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1988
Construction
WOOD FRAME
Total area
11,077 SF
Lot
0.95 ac (41,469 SF)
Zoning code
O&I-1
APN
R06011-001-005-000
UPID
US53-1151784
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
-
Dr. Meagan O. Bailey, MD Physician Medical Clinic
-
Dr. Francis J. O'Donnell, DO Physician Medical Clinic
-
Alexis Lapinsky, NP Physician
-
Dr. Panida Piboolnurak, MD Physician
-
Cori Shope, PharmD, CPP Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.66M
Owner & transaction history
Aw Novant Wilmington LLC · 4 yrs held
Aw Novant Wilmington LLC
since 2022
7 recorded transactions
Zoning & alternative use
O&I-1 · 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%
$1,560,000
6.5%
$1,440,000
7%
$1,340,000
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$149 / 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
$14,733
Tax year 2023
Assessed value
$1,743,500
Assessed 2023
Previous assessed
$1,743,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$342,400
Assessed improvement
$1,401,100
Land market value
$342,400
Improvement market value
$1,401,100
Total market value
$1,743,500
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1988
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,077 SF
Lot
0.95 ac (41,469 SF)
Zoning code
O&I-1
APN
R06011-001-005-000
UPID
US53-1151784
Jurisdiction
NEW HANOVER
Zoning & alternative use
O&I-1 · Wilmington, NC
Zoning O&I-1 · permitted uses
O&I-1 · 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
1988
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Aw Novant Wilmington LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11780 US HWY 1ST STE #305, NORTH PALM BEACH, FL 33408-3042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 5, 2022
—
Aw Novant Wilmington LLC
—
Deed
related
$10,100,000 · First Citizens Bank & Trust Co
Jun 30, 2022
$14,797,000
Aw Novant Wilmington LLC
Tm Medjcal Properties Wilmington LP
Special Warranty Deed
—
Jun 30, 2022
—
Aw Novant Wilmington LLC
Tm Medical Properties Wilmington LP
Deed
—
Jun 30, 2020
—
Tm Medical Props Wilmington LP
—
Deed
related
$9,625,000 · Old Pt Nat'l Bk/phoebus
Jul 20, 2015
$8,965,000
Medsouth Wilmington Panacea Ll
Panacea Realty LLC
Grant Deed
related
$8,000,000 · Yadkin Bk
Feb 12, 2013
—
Panacea Realty LLC
Panacea Realty
Quit Claim Deed
related
—
—
—
Tm Medical Props Wilmington LP
—
Deed Of Trust
related
$9,625,000 · Old Pt Nat'l Bk/phoebus
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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