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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
Office buildings
1650 Greenfield St, Wilmington, NC 28401-6456
Entity Owned
Free & Clear
Property ID
US53-1643370
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
WOOD FRAME
Total area
21,884 SF
Lot
5.04 ac (219,760 SF)
Zoning code
O&I-1
APN
R05419-002-001-000
UPID
US53-1643370
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
-
Lauren Holden Foster Care Service Social Service Agency
-
Bernadette Johnson Foster Care Service Social Service Agency
-
Kerry Christopher Foster Care Service Social Service Agency
-
New Hanover County Health & Human Services Public Health Department
-
New Hanover County Department of Social Services Department Of Social Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.56M
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$6.34M
Owner & transaction history
NEW HANOVER COUNTY
NEW HANOVER COUNTY
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%
$4,940,000
6.5%
$4,560,000
7%
$4,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,830,000
Current use
RESTAURANT
$7,255,000
Change: -7% · Conversion: Moderate
MEDICAL BUILDING
$7,110,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$6,410,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$6,360,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±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
$289 / 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
$5,902,700
Assessed 2023
Previous assessed
$5,902,700
+0.0% YoY
Assessed land
$1,387,000
Assessed improvement
$4,515,700
Land market value
$1,387,000
Improvement market value
$4,515,700
Total market value
$5,902,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Bathrooms
17
Total area
21,884 SF
Lot
5.04 ac (219,760 SF)
Zoning code
O&I-1
APN
R05419-002-001-000
UPID
US53-1643370
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.8M
RESTAURANT
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.4M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
17
Lot
5.04 ac
Current owner
From public records · entity-resolved
NEW HANOVER COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
230 GOVERNMENT CTR DR STE #190, WILMINGTON, NC 28403-1672
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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