Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1851 Dawson St Wilmington, NC 28403-2328

    • Turn key restaurants
    • 18,564 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Location Intelligence
    Property ID
    US53-2183659
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cape Fear Restaurant Equipment / Restaurant Supply Store / Kitchen Supply Store

    Property Details for 1851 Dawson St

    Year built
    1959
    Construction
    WOOD FRAME
    Lot size
    1.42 lot acres
    Property size
    18,564 SF
    Zone code
    CS,COMMERCIAL SERVICE
    Property type
    Turn key restaurants
    APN
    R05411-008-004-000
    APU
    R05411008004000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $545,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $665,000
      Mixed-Use
      $535,000
      Hospitality
      $495,000
      Educational
      $525,000
      Residential Income
      $515,000
      Energy
      $585,000
      Income-Based Land
      $540,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.923
    Latitude
    34.2268
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,008
    $224,000
    $724,700
    $948,700
    -
    $224,000
    $724,700
    $948,700

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      1419 Airlie Rd

      RESTAURANT • 0.03 Acres
      1419 Airlie Rd, Wilmington, NC 28403-3778
      View Details
    • Value Estimation by Request
      5,400 SF

      108 Hinton Ave

      RESTAURANT • 5,400 SF
      108 Hinton Ave, Wilmington, NC 28403-4734
      View Details
    • Value Estimation by Request
      4,428 SF

      3525 Lancelot Ln

      RESTAURANT • 4,428 SF
      3525 Lancelot Ln, Wilmington, NC 28403-4329
      View Details
    • Value Estimation by Request
      6,764 SF

      15 Van Campen Blvd

      RESTAURANT • 6,764 SF
      15 Van Campen Blvd, Wilmington, NC 28403-1639
      View Details
    • Value Estimation
      $2,540,000
      7,400 SF

      5321 Oleander Dr

      RESTAURANT • 7,400 SF
      5321 Oleander Dr, Wilmington, NC 28403-5809
      View Details
    • Value Estimation
      $2,250,000
      5,526 SF

      5120 New Ctr Dr

      RESTAURANT • 5,526 SF
      5120 New Ctr Dr, Wilmington, NC 28403-1630
      View Details

    Similar Nearby for Sale

    • $1,000,000
      2,400 SF

      Multifunctional Property in Central Wilmington

      Centrally located property with high visibility and development potential.
      4609 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $2,999,900

      Landmark Restaurant and Bar Property

      Two adjoining commercial properties with a turnkey restaurant and bar.
      4924 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $949,999

      Restaurant Building with Drive-Through

      Restaurant building with drive-through, updated interior and exterior.
      4023 Market St, Wilmington, NC 28403
      View Details
    • $9,477,000
      16,091 SF

      Leased Retail Center For Sale

      Fully leased retail strip center in Wilmington, North Carolina.
      3534 Oleander Dr, Wilmington, NC 28403
      View Details
    • $1,350,000

      Prime Location Retail Building

      3500 sq ft building in prime location, GB Zoning.
      1006 Kerr Ave S, Wilmington, NC 28403
      View Details
    • $2,300,000
      18,200 SF

      Market Street Income Property

      Two-tenant retail building with high visibility and occupancy history.
      3405 Market St, Wilmington, NC 28403
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      261,240 SF

      Wilmington Retail Space Available

      Prime Wilmington retail/office space, flexible layouts.
      111 Kerr Ave, Wilmington, NC 28403
      View Details
    • $3,500 /Mo
      960 SF

      Restaurant Space Near UNCW

      Second-generation restaurant space with patio near UNCW.
      4502 Fountain Dr, Wilmington, NC 28403
      View Details
    • $25 SF/Yr
      1,500 SF

      Retail/Office Space Near University

      1,500 SF retail or office space near UNCW.
      4401 Oleander Dr, Wilmington, NC 28403
      View Details
    • $29 SF/Yr
      43,600 SF

      Mixed-Use Development on Shipyard Blvd

      43,600 SF mixed-use development with high visibility and accessibility.
      3907 Shipyard Blvd, Wilmington, NC 28403
      View Details
    • Contact for pricing
      8,500 SF

      Retail Space Near University

      Retail space available in shopping center near University of Carolina.
      200 Racine Dr, Wilmington, NC 28403
      View Details
    • Contact for pricing
      8,343 SF

      Retail Space in University Centre

      Retail space available in Wilmington's University Centre shopping center.
      322-412 South College Rd, Wilmington, NC 28403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1851 Dawson St
    Wilmington, NC 28403-2328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.