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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Car washes
1520 Military Cutoff Rd, Wilmington, NC 28403-5714
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1177054
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1998
Construction
CONCRETE
Total area
8,530 SF
Lot
0.98 ac (42,689 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05612-004-014-000
UPID
US53-1177054
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
-
Appliance Repair Home Appliance Store
-
AAA - Military Cutoff Rd Auto Repair Shop
-
Reliable Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$705k
Owner & transaction history
1520 Military Cutoff Rd Prop L · 8 yrs held
1520 Military Cutoff Rd Prop L
since 2017
5 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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$83 / 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
$12,426
Tax year 2023
Assessed value
$1,470,500
Assessed 2023
Previous assessed
$1,470,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$539,000
Assessed improvement
$931,500
Land market value
$539,000
Improvement market value
$931,500
Total market value
$1,470,500
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
8,530 SF
Lot
0.98 ac (42,689 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05612-004-014-000
UPID
US53-1177054
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
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
1520 Military Cutoff Rd Prop L
Individual
Mailing address
PO BOX 919, WHITEVILLE, NC 28472-0919
Ownership since
2017
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
Dec 28, 2017
$1,250,000
1520 Military Cutoff Rd Prop L
Mark Center LLC
Warranty Deed
$1,100,000 · Branch Bk&tr
Mar 23, 2012
—
Mark Center LLC
—
Deed Of Trust
related
$1,810,000 · Branch Banking & Trust Co
Dec 7, 2006
—
Mark Center LLC
Agnoff Family Trust
Warranty Deed
related
—
—
—
Mark Center LLC
—
Deed Of Trust
related
$100,000 · Park Sterling Bank
—
—
Mark Center LLC
—
Deed Of Trust
related
$700,000 · Park Sterling Bank
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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