Property profile

1901 16th St Wilmington, NC 28401

OFF-MARKET
Turn key restaurants
Property ID
US53-1132417
3,187 SF 0.85 ac lot Built 1993
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction CONCRETE
Total area 3,187 SF
Lot 0.85 ac (37,026 SF)
Zoning code O&I-1
APN R05419-004-002-000
UPID US53-1132417

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1901 16th St Wilmington, NC 28401
Wilmington metro Census 10700 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$856k
Blend (final) Blend
$340k

Owner & transaction history

since 2015
3 recorded transactions
2015
$1.1M
2014
$1.0M
2008
Price N/A

Zoning & alternative use

O&I-1 · Wilmington, NC
Top alternative use upside
Office building $1.1M +7.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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