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Property profile & analytics
OFF-MARKET
Estimated value
$17,930,000
Office buildings
20 4th St Wilmington, NC 28401-4553
Entity Owned
20-yr Hold
Free & Clear
Property ID
US53-0611297
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
STEEL & CONCRETE
Total area
84,760 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HD,HISTORIC DISTRICT
APN
R04817-030-001-000
UPID
US53-0611297
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
-
The Salvation Army Charitable Organization Social Service Agency
-
Catholic Charities Cape Fear Immigration Office Church Mosque
-
The Harrelson Center Charitable Organization Social Service Agency
-
Young Scientist Academy Child Welfare Organization Charitable Organization
-
New Hanover Disaster Coalition Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.67M
Comparable Approach
Comparable
$22.87M
Blend (final)
Blend
$17.93M
Owner & transaction history
Fbc Holdings LLC · 20 yrs held
Fbc Holdings LLC
since 2005
6 recorded transactions
Zoning & alternative use
HD,HISTORIC DISTRICT · 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%
$19,135,000
6.5%
$17,665,000
7%
$16,405,000
Alternative Use
Use
Estimation
RESTAURANT
$28,110,000
Change: -7% · Conversion: Moderate
MEDICAL BUILDING
$27,535,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$24,825,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$24,630,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$17.93M
Range $16.14M – $19.72M · ±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
$212 / 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
$10,408,200
Assessed 2023
Previous assessed
$10,408,200
+0.0% YoY
Assessed land
$457,000
Assessed improvement
$9,951,200
Land market value
$457,000
Improvement market value
$9,951,200
Total market value
$10,408,200
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
1979
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
84,760 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HD,HISTORIC DISTRICT
APN
R04817-030-001-000
UPID
US53-0611297
Jurisdiction
NEW HANOVER
Zoning & alternative use
HD,HISTORIC DISTRICT · Wilmington, NC
Zoning HD,HISTORIC DISTRICT · permitted uses
HD,HISTORIC DISTRICT · 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
RESTAURANT
Est. value
$28.1M
MEDICAL BUILDING
Est. value
$27.5M
WAREHOUSE, STORAGE
Est. value
$24.8M
RETAIL STORES
Est. value
$24.6M
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
1979
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Fbc Holdings LLC
Entity
Free & Clear · 20 yrs held
Mailing address
411 MARKET ST, WILMINGTON, NC 28401-4546
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Fbc Holdings LLC
—
Deed
related
$1,800,000 · South St Bk
Oct 27, 2016
—
Fbc Holdings LLC
—
Deed
related
$950,000 · South St Bk
Mar 16, 2015
—
Jo Ann Carter Harrelson Ctr In
—
Trustees Deed
related
$1,500,000 · First Bk
Oct 5, 2005
—
Fbc Holdings LLC
New Hanover County
Warranty Deed
related
—
—
—
Fbc Holdings LLC
—
Deed Of Trust
related
$950,000 · South St Bk
—
—
Fbc Holdings LLC
—
Deed Of Trust
related
$1,800,000 · South St Bk
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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