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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Turn key restaurants
201 Old Dairy Rd, Wilmington, NC 28405-3771
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1758114
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
STEEL FRAME
Total area
12,291 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R04319-005-016-000
UPID
US53-1758114
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
-
Crawford Door Systems Inc Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Fr Investments LLC · 1 yrs held
Fr Investments LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
B-2,BUSINESS 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Aug 27 2024)
Last sale anchor
$1.50M
Aug 27 2024
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
$122 / 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
Assessed value
$858,600
Assessed 2023
Previous assessed
$858,600
+0.0% YoY
Assessed land
$285,800
Assessed improvement
$572,800
Land market value
$285,800
Improvement market value
$572,800
Total market value
$858,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
12,291 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R04319-005-016-000
UPID
US53-1758114
Jurisdiction
NEW HANOVER
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Zoning B-2,BUSINESS DISTRICT · permitted uses
B-2,BUSINESS 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.
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Fr Investments LLC
Entity
Mailing address
201 OLD DAIRY RD, WILMINGTON, NC 28405-3771
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
$1,500,000
Fr Investments LLC
201 Old Dairy LLC
Special Warranty Deed
—
Jun 18, 2021
—
201 Old Dairy LLC
—
Deed
related
$575,000 · United Bank
Aug 9, 2018
—
Zoller & Hammersley
—
Deed
related
$225,000 · Crescom Bk
—
—
Zoller
—
Deed Of Trust
related
$300,000 · First South Bank
—
—
Zoller
—
Deed Of Trust
related
$400,000 · Bank Of Wilmington
—
—
Zoller
—
Deed Of Trust
related
$300,000 · East Carolina Bank
—
—
Zoller & Hammersley
—
Deed Of Trust
related
$225,000 · Crescom 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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