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Property profile & analytics
OFF-MARKET
Estimated value
$7,515,000
Office buildings
1985 Eastwood Rd Wilmington, NC 28403-7208
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0099284
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
29,077 SF
Lot
2.79 ac (121,532 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05709-004-019-000
UPID
US53-0099284
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
-
William Patterson, CIMA, CEPA, CPWA - UBS Financial Services Inc. Financial Advisor
-
Catlett/Godin Wealth Management - UBS Financial Services Inc. Financial Advisor
-
Progressive Insurance - Claims Office Insurance Agency
-
Michael Pearson, CFP, CEPA, CPWA - UBS Financial Services Inc. Financial Advisor
-
James Lewis III - UBS Financial Services Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.06M
Comparable Approach
Comparable
$8.93M
Blend (final)
Blend
$7.52M
Owner & transaction history
Tdg Landfall Park LLC · 7 yrs held
Tdg Landfall Park LLC
since 2019
5 recorded transactions
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.9M
+16.9%
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%
$6,565,000
6.5%
$6,060,000
7%
$5,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,175,000
Current use
RESTAURANT
$11,890,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,125,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$8,820,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,300,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.52M
Range $6.76M – $8.27M · ±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
$258 / 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
Tax billed
$53,769
Tax year 2023
Assessed value
$6,363,200
Assessed 2023
Previous assessed
$6,363,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,845,700
Assessed improvement
$4,517,500
Land market value
$1,845,700
Improvement market value
$4,517,500
Total market value
$6,363,200
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
29,077 SF
Lot
2.79 ac (121,532 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05709-004-019-000
UPID
US53-0099284
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Zoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · 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
$10.2M
RESTAURANT
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
2.79 ac
Current owner
From public records · entity-resolved
Tdg Landfall Park LLC
Entity
Mailing address
102 AUTUMN HALL DR STE #210, WILMINGTON, NC 28403-2057
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
—
Tdg Landfall Park LLC
—
Deed
related
$2,500,000 · Bank Of America NA
Jul 2, 2019
—
Tdg Landfall Park LLC
Taylor Dev Group LLC
Grant Deed
related
$1,000,000 · Bank Of America
May 31, 2017
—
Taylor Dev Group LLC
North-south Entity LLC
Warranty Deed
related
—
Jul 1, 2005
$115,215
North-south Entity LLC
Gulf Properties LLC
Grant Deed
$9,200,000 · Deutsche Banc Mtg Cap
Jun 28, 2005
$10,000
Gulf Properties LLC
Landfall Park LLC
Warranty Deed
—
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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