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Property profile & analytics
OFF-MARKET
Specialty properties
1522 Cadfel Ct, Wilmington, NC 28412-6626
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5515666
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2006
Total area
4,768 SF
Lot
15.96 ac (695,218 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R06507-015-001-000
UPID
US53-5515666
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
-
Bellingham Park Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Modesto Martinez · 6 yrs held
Modesto Martinez
since 2020
7 recorded transactions
Zoning & alternative use
MF-M,MULTI FAM MED DEN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
4,768 SF
Lot
15.96 ac (695,218 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R06507-015-001-000
UPID
US53-5515666
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF-M,MULTI FAM MED DEN · Wilmington, NC
Zoning MF-M,MULTI FAM MED DEN · permitted uses
MF-M,MULTI FAM MED DEN · 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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
15.96 ac
Current owner
From public records · entity-resolved
Modesto Martinez
Individual
Mailing address
5826105 SAMET DR, HIGH POINT, NC 27265
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Mf-esg Bellingham Owner LLC
—
Deed
related
$18,000,000 · Allegiant Capital Funding LLC
May 28, 2020
$124,000
Modesto Martinez
Gisela Grochala
Warranty Deed
—
Sep 1, 2016
$90,000
Christopher T Dunbar
Townsend,jerry M & Vi S
Warranty Deed
—
Nov 17, 2015
—
Sharlan A Toole
St INC
Quit Claim Deed
related
—
Apr 28, 2014
$102,500
Eric D Kather
Glenham,trey & Emily R
Warranty Deed
$97,400 · State Employees Cu
Mar 26, 2013
—
St INC INC
Toole,sharlan A
Quit Claim Deed
related
—
Aug 9, 2012
$109,000
Ted Hencock
Danford,crystal A
Warranty Deed
—
Mar 9, 2012
—
Bellingham Park Coa INC
Bellingham Park Coa INC
Quit Claim Deed
related
—
Oct 3, 2011
—
Dellaero Thomas Trust
Dellaero,thomas & Janice
Quit Claim Deed
related
—
Aug 13, 2008
—
Park Coa Bellingham
Glades At Wilmington LLC
Grant Deed
related
—
Nov 9, 2007
$8,315,000
Glades At Wilmington LLC
White,david O & Valorie J
Grant Deed
—
Nov 9, 2007
—
David O White
Glades At Wilmington LLC
Grant Deed
related
—
Dec 8, 2006
—
Park Coa Bellingham
Glades At Wilmington
Grant Deed
related
—
Jul 19, 2006
—
Bellingham Park Coa INC
Glades At Wilmington LLC
Grant Deed
related
—
—
—
Hopie Qual
—
Deed Of Trust
related
$31,000 · Wachovia Bank NA
—
—
Hopie Qual
—
Deed Of Trust
related
$19,135 · Wachovia Bank NA
—
—
Charles A Rock
—
Deed Of Trust
related
$30,000 · Bank Of America
—
—
Patricia L Baker
—
Deed Of Trust
related
$17,800 · Branch Banking & Trust Co
—
—
Charles A Rock III
—
Deed Of Trust
related
$25,000 · Branch Banking & Trust Co
—
—
Michelle Jacobson
—
Deed Of Trust
related
$123,550 · Bank Of America
—
—
Robert W Mittelstadt
—
Deed Of Trust
related
$117,000 · Wachovia Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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