Financial
Distress signals
Property profile

1815 Carolina Beach Rd Wilmington, NC 28401

FOR SALE
Other commercial real estate
Property ID
US53-2203113
1,880 SF 0.24 ac lot Built 1930
Last sale Mar 2020 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 1930s cottage-style commercial building configured in a duplex-style layout, providing space that can be used as a single-tenant setup or divided into two separate office suites. The main level was historically used for professional services, including an architectural firm and an interior design business. The property includes approximately 500+ square feet of heated and cooled basement/cellar space suitable for storage, workspace, or supplemental operations. It is positioned along a

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$211k
Assessed land$88k
Assessed improvement$123k
Effective rate0.85%

Value estimate

· Sep 2026
$315k
$284k – $347k
AI approach$340k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$7k
Operating expenses−$8k
NOI · 4.46% cap applied$24k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$220/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$172 – $267
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4.46%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CS,COMMERCIAL SERVICE
JurisdictionNEW HANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency35.8
Law Firm26.8
Restaurant25.7

Location

1815 Carolina Beach Rd Wilmington, NC 28401
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1702 6th, Wilmington, NC 28401-2807 $282,500 May 2022 1,950 SF
107 Castle, Wilmington, NC 28401-5026 $305,000 Dec 2021 1,773 SF
1319 15th, Wilmington, NC 28401-6411 $284,000 May 2021 1,683 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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