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Financial
Distress signals
Property profile

2020 Princess Pl Dr Wilmington, NC 28405

OFF-MARKET
Garden apartment buildings
Property ID
US53-5767017
1,995 SF 0.11 ac lot Built 1951
Last sale Oct 2005 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This residential triplex contains three rental units totaling 2,015 square feet and was historically operated with a combination of short-, mid-, and long-term rental arrangements. The units are described as well maintained and updated. The property includes off-street parking for residents and is furnished. It is located near Downtown, Burnt Mill Creek, and the Soda Pop District, and it is identified as a Community Business–zoned property, which may allow uses beyond the continued operation as rental units, subject to applicable zoning and permitting requirements.

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?
$1k
Tax billed · 2023
Assessed value$151k
Assessed land$36k
Assessed improvement$115k
Effective rate0.85%

Value estimate

· Oct 2026
$380k
$342k – $418k
AI approach$365k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$954/SF
Submarket average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$176 – $1,985

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?
CB,COMMUNITY BUSIN
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 Office18.3
Realty agency13.6
Building Supply13.4

Location

2020 Princess Pl Dr Wilmington, NC 28405-2730
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4903 Market, Wilmington, NC 28405-3427 $17,617,000 Mar 2025 7,804 SF
808 Nature Trl, Wilmington, NC 28405-1390 $25,500,000 Nov 2022 4,800 SF
901 Honeywood, Wilmington, NC 28405-1294 $25,500,000 Nov 2022 21,504 SF
3921 Princess Pl, Wilmington, NC 28405-3301 $13,250,000 Jan 2022 6,480 SF
3820 Princess Pl, Wilmington, NC 28405-3171 $1,200,000 Jun 2021 2,016 SF
5009 Mcclelland, Wilmington, NC 28405-3044 $23,750,000 Mar 2020 12,258 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
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