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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Manufacturing properties
2137 Wrightsville Ave, Wilmington, NC 28403-0270
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-0926772
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
1979
Construction
STEEL FRAME
Total area
6,900 SF
Lot
0.32 ac (13,852 SF)
Zoning code
CS,COMMERCIAL SERVICE
APN
R05407-039-008-000
UPID
US53-0926772
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$850k
Owner & transaction history
Business Expansion Funding Corporat · 2 yrs held
Business Expansion Funding Corporat
since 2023
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
CS,COMMERCIAL SERVICE · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+46.2%
Retail stores
$970,000
+19.6%
Neighborhood: shopping center
$865,000
+7.0%
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
$875,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$810,000
Current use
RESTAURANT
$1,185,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$970,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$845,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $750k (Apr 12 2022)
Last sale anchor
$750k
Apr 12 2022
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
$123 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,684
Tax year 2024
Assessed value
$423,500
Assessed 2024
Previous assessed
$423,500
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$64,500
Assessed improvement
$359,000
Land market value
$64,500
Improvement market value
$359,000
Total market value
$423,500
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,900 SF
Lot
0.32 ac (13,852 SF)
Zoning code
CS,COMMERCIAL SERVICE
APN
R05407-039-008-000
UPID
US53-0926772
Jurisdiction
NEW HANOVER
Zoning & alternative use
CS,COMMERCIAL SERVICE · Wilmington, NC
Zoning CS,COMMERCIAL SERVICE · permitted uses
CS,COMMERCIAL SERVICE · 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
INDUSTRIAL (GENERAL) Current
Est. value
$810,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
MEDICAL BUILDING
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Business Expansion Funding Corporat
Individual
Free & Clear · 2 yrs held
Mailing address
2137 PO BOX 10967TH AVE, WILMINGTON, NC 28404-0967
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
Business Expansion Funding Corporat
Eod Holdings LLC
Assignment Of Lease (leasehold Sale)
—
Apr 12, 2022
$750,000
Eod Holdings LLC
The Shipping District LLC
Warranty Deed
$375,000 · Southern Bank & Trust Co
Sep 15, 2020
—
Shipping District LLC
—
Deed
related
$322,500 · United Bk
—
—
Shipping District LLC
—
Deed Of Trust
related
$322,500 · United 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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