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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Warehouses
2306 23rd St Wilmington, NC 28401-8812
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0038793
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
19,500 SF
Lot
7.02 ac (305,791 SF)
Zoning code
A-I
APN
R04100-006-003-000
UPID
US53-0038793
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
-
Prime Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.34M
Owner & transaction history
Prime Storage 23rd Street Wilm · 7 yrs held
Prime Storage 23rd Street Wilm
since 2019
7 recorded transactions
Zoning & alternative use
A-I · 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%
$3,290,000
6.5%
$3,040,000
7%
$2,820,000
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10%
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
$120 / 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
$42,407
Tax year 2024
Assessed value
$7,671,400
Assessed 2024
Previous assessed
$7,671,400
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$480,800
Assessed improvement
$7,190,600
Land market value
$480,800
Improvement market value
$7,190,600
Total market value
$7,671,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Units
1
Total area
19,500 SF
Lot
7.02 ac (305,791 SF)
Zoning code
A-I
APN
R04100-006-003-000
UPID
US53-0038793
Jurisdiction
NEW HANOVER
Zoning & alternative use
A-I · Wilmington, NC
Zoning A-I · permitted uses
A-I · 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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
7.02 ac
Current owner
From public records · entity-resolved
Prime Storage 23rd Street Wilm
Individual
Free & Clear · 7 yrs held
Mailing address
83 RAILROAD PL #85, SARATOGA SPRINGS, NY 12866-2124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Prime Storage 23rd Street Wilmingto
—
Deed
related
$101,000,000 · Goldman Sachs Bank USA A New York State-
Jun 11, 2019
$7,575,500
Prime Storage 23rd Street Wilm
Monkey Junction 23rd Street Di
Grant Deed
—
Dec 22, 2016
—
Monkey Junction-23rd Street Di
—
Deed
related
$311,701 · First Bk
Oct 22, 2009
$11,000
Cape Fear Puclic Utility Autho
Monkey Junction-23rd Street Di
Grant Deed
—
Dec 5, 2007
—
Hanover Cnty Water New
Monkey Junction-23rd Street Di
Warranty Deed
related
—
Oct 29, 2007
—
Monkey Junction-23rd Street Di
Monkey Junction Mini-storage I
Quit Claim Deed
related
$3,600,000 · First Bank
Oct 16, 2007
—
Monkey Junction 23rd Strt Div
Monkey Junction Mini Storage
Quit Claim Deed
related
—
Apr 3, 2006
$550,000
Junction Mini-storage I Monkey
Blake L A Living Trust
Warranty Deed
$600,000 · Branch Banking & Trust Co
—
—
Monkey Junction-23rd Street Di
—
Deed Of Trust
related
—
—
—
Monkey Junction-23rd Street Di
—
Deed Of Trust
related
$210,000 · First Bank
—
—
Monkey Junction-23rd Street Di
—
Deed Of Trust
related
$311,701 · First Bk
—
—
Monkey Junction 23rd Street Di
—
Deed Of Trust
related
$2,605,163 · First 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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