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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Bed & breakfasts
215 Frnt St, Wilmington, NC 28401-4414
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0087274
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1924
Construction
CONCRETE
Total area
9,766 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R05308-009-003-001
UPID
US53-0087274
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
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Front Street Inn Holdings LLC · 1 yrs held
Front Street Inn Holdings LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CBD,CENTRAL BUS DIST · 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%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.90M (Nov 19 2021)
Last sale anchor
$1.90M
Nov 19 2021
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
$204 / 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
Tax billed
$12,856
Tax year 2023
Assessed value
$1,413,200
Assessed 2023
Previous assessed
$1,413,200
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$440,000
Assessed improvement
$973,200
Land market value
$440,000
Improvement market value
$973,200
Total market value
$1,413,200
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1924
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
13
Total area
9,766 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R05308-009-003-001
UPID
US53-0087274
Jurisdiction
NEW HANOVER
Zoning & alternative use
CBD,CENTRAL BUS DIST · Wilmington, NC
Zoning CBD,CENTRAL BUS DIST · permitted uses
CBD,CENTRAL BUS DIST · 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
1924
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
13
Lot
0.34 ac
Current owner
From public records · entity-resolved
Front Street Inn Holdings LLC
Entity
Mailing address
215 S FRNT ST, WILMINGTON, NC 28401-4414
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
Front Street Inn Holdings LLC
—
Deed
related
$2,950,000 · Yieldi LLC A Georgi
Jan 27, 2025
—
Front Street Inn Holdings LLC
—
Deed
related
$3,240,000 · Hanover Community Bank
Dec 6, 2024
—
Front Street Inn Holdings LLC
Fmo Front Street LLC
Quitclaim Deed
related
—
Dec 5, 2024
—
Front Street Inn Holdings LLC
Front Street Hospitality LLC
Quitclaim Deed
related
—
Jun 27, 2024
—
Fmo Front Street LLC
—
Deed
related
$2,450,000 · Yieldi LLC A Georgi
Nov 19, 2021
$1,895,000
Fmo Front Street LLC
Front Street Inn Investment Prop Ll
Warranty Deed
$1,061,800 · First Bank
Nov 19, 2021
—
Fmo Front Street LLC
—
Deed
related
$849,440 · First Bank
Jun 23, 2016
—
Front Street Inn Inv Props LLC
—
Deed
related
$1,300,000 · First Citizens Bk
Feb 1, 2006
$2,120,000
Front Street Inn Inv Props LLC
Rhodes,jay S & Stefany M
Trustees Deed
$1,890,000 · First Bk/champaign
Feb 1, 2006
$2,120,100
Front Street Inn Inv Props LLC
Rhodes,jay S & Stefany M
Warranty Deed
$1,890,000 · First Bk/champaign
—
—
Front Street Inn Inv Props LLC
—
Deed Of Trust
related
—
—
—
Front Street Inn Inv Props LLC
—
Deed Of Trust
related
$1,300,000 · First Citizens Bk
—
—
Jay S Rhodes
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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