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Property profile & analytics
OFF-MARKET
Estimated value
$4,185,000
Garden apartment buildings
1625 17th St, Wilmington, NC 28401-6462
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0197916
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Total area
298,576 SF
Lot
7.79 ac (339,332 SF)
Zoning code
O&I-1
APN
R05419-003-001-000
UPID
US53-0197916
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
-
Waitomophoto Photography Service (Bike/Boat/Book/etc) Store
-
17 Social Apartments Apartment Building Apartment Complex
-
Vision Hair Extensions Cosmetic Store Big Box & Wholesale Store
-
Red Satrn Electronics & Wireless Store Mobile Phone Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
Ccc 17 Social De LLC · 2 yrs held
Ccc 17 Social De LLC
since 2023
Last sale
$3.5M
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
$5,040,000
ML approach
$4,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±10% · vs last sale $3.50M (Aug 29 2023)
Last sale anchor
$3.50M
Aug 29 2023
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
$14 / 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
Assessed value
$39,769,600
Assessed 2023
Previous assessed
$39,769,600
+0.0% YoY
Assessed land
$2,803,900
Assessed improvement
$36,965,700
Land market value
$2,803,900
Improvement market value
$36,965,700
Total market value
$39,769,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Units
270
Total area
298,576 SF
Lot
7.79 ac (339,332 SF)
Zoning code
O&I-1
APN
R05419-003-001-000
UPID
US53-0197916
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
270
Lot
7.79 ac
Current owner
From public records · entity-resolved
Ccc 17 Social De LLC
Entity
Mailing address
3605 GLENWOOD AVE STE #445, RALEIGH, NC 27612-3974
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 29, 2023
—
Ccc 17 Social De LLC
Ccc 17 Social LLC
Intrafamily Transfer
related
$57,691 · Cbre Capital Markets INC
Apr 28, 2020
—
Ccc 17 Social LLC
—
Deed Of Trust
related
$33,875,000 · Truist Bk
Mar 4, 2020
$3,500,000
Ccc 17 Social LLC
17th Street Wpg LLC
Grant Deed
—
Apr 20, 2009
—
17th Street Wpg LLC
—
Trustees Deed
related
$3,000,000 · North State Bank
Oct 6, 2006
$3,090,000
17th Street Wpg LLC
Wilmington Medical Park North
Warranty Deed
$3,090,000 · Southern Bank & Trust
Oct 3, 2006
$3,220,000
Wilmington Medical Park North
Sanders,nathan S & Judia B
Warranty Deed
—
Jul 1, 2005
$3,220,000
Judia B Sanders
Wilmington Medical Park North
Warranty Deed
$2,120,000 · Regions Bank
—
—
17th Street Wpg LLC
—
Deed Of Trust
related
$300,000 · First Citizens Bank & Trust Co
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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