Realmo Analytics

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Property profile

20 Covil Ave Wilmington, NC 28403

OFF-MARKET
Other commercial real estate
Property ID
US53-3620368
1,728 SF 0.83 ac lot Built 1946
Last sale Apr 2026 · $1,560,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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

The property consists of two adjoining flex/industrial buildings totaling approximately 7,300 square feet and can be occupied together or separately as two distinct units. Unit 1 is approximately 4,800 square feet and includes a small showroom area, two private offices, and warehouse workspace served by a roll-up door with dock-high loading. Unit 2 is approximately 3,500 square feet and is configured as an automotive repair shop, featuring a large grade-level roll-up door and a small office.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$823k
Assessed land$215k
Assessed improvement$608k
Effective rate0.85%

Value estimate

· Nov 2026
$320k
$288k – $352k
Submarket $/SF estimate$734k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$314/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$161 – $425
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

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

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office23.0
Realty agency20.5
Law Firm15.0

Location

20 Covil Ave Wilmington, NC 28403
County assessor Recorded deeds · 4 transfers 7 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
2905 Market, Wilmington, NC 28403-1221 $595,000 Feb 2026 1,614 SF
216 Pne Grv, Wilmington, NC 28403-5160 $31,000 Nov 2024 1,440 SF
37 Covil, Wilmington, NC 28403-0707 $875,000 Aug 2023 1,248 SF
1202 Floral, Wilmington, NC 28403-6215 $365,000 Oct 2022 1,366 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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