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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Automotive properties
1546 College Rd, Wilmington, NC 28403-7306
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5534979
Property summary
AI-generated overview
This 8,542 square foot retail building sits on a 1.14-acre lot in Wilmington, NC's Midtown submarket. Currently configured as an office, showroom, parts, and service center, the property boasts excellent visibility on College Road, with approximately 50,000 vehicles passing daily. Built in 1983 and expanded in 2009, the single-story building features a new roof (partial 10-year warranty) on the office/showroom area. The property offers over 180 feet of frontage on College Road, with convenient access via Spirea Drive, providing connections to Oleander and Shipyard. Zoned Regional Business (RB), this versatile property allows for a variety of uses. The almost entirely impervious coverage simplifies stormwater management, serviced by the City of Wilmington. The property is currently owner-occupied but will be vacant by May 2024, offering a unique opportunity for either leasing with existing improvements or ground lease for redevelopment. The APN is 3136-68-3940.000, and the address is 1546 College Rd, Wilmington, NC 28403. The property has a Class B rating.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1983
Construction
WOOD FRAME
Total area
7,282 SF
Lot
1.14 ac (49,528 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R06107-013-002-000
UPID
US53-5534979
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
-
Topline Software Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Rex & Sons RV Car Dealership
-
Towbar Outlet Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Miranda Ann I LLC · 1 yrs held
Miranda Ann I LLC
since 2025
7 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)
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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
$78 / 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
$1,224,400
Assessed 2023
Previous assessed
$1,224,400
+0.0% YoY
Assessed land
$522,000
Assessed improvement
$702,400
Land market value
$522,000
Improvement market value
$702,400
Total market value
$1,224,400
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
8
Total area
7,282 SF
Lot
1.14 ac (49,528 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R06107-013-002-000
UPID
US53-5534979
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
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
1.14 ac
Current owner
From public records · entity-resolved
Miranda Ann I LLC
Entity
Mailing address
1546 S COLLEGE RD, WILMINGTON, NC 28403-7306
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Miranda Ann I LLC
Rexford Creech
Deed
—
Sep 12, 2022
—
Rexforo Creech
—
Deed
related
$400,000 · First Bank
Aug 29, 2022
—
Rexford Creech
—
Deed
related
$1,061,000 · First Bank
Jul 22, 2019
—
Rexford Creech
—
Deed
related
$535,000 · First Citizens Bk & Tr Co
May 28, 2008
$950,000
Rexford Creech
Gregory Curtis Brown Invs LLC
Warranty Deed
$950,000 · First Citizens Bank & Trust Co
—
—
Rexford Creech
—
Deed Of Trust
related
$400,000 · First Citizens Bk & Tr Co
—
—
Rexford Creech
—
Deed Of Trust
related
$535,000 · First Citizens Bk & Tr Co
—
—
Rexford Creech
—
Deed Of Trust
related
$1,300,000 · Patriot State 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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