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Property profile & analytics
OFF-MARKET
Estimated value
$5,340,000
Community centers
2307 College Rd, Wilmington, NC 28405-6443
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1136935
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Construction
CONCRETE
Total area
38,705 SF
Lot
7.73 ac (336,719 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R03400-003-011-004
UPID
US53-1136935
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
-
Maurice V. Horton, DC Alternative Medicine Practice
-
Agnes R. Freeman, DC Alternative Medicine Practice
-
Camino Real Mexican Restaurant - Bar & Grill Restaurant
-
China Wok Restaurant
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.61M
CAP Approach
CAP
$6.30M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$5.34M
Owner & transaction history
Alhobishi Convenience Stores & Rent · 3 yrs held
Alhobishi Convenience Stores & Rent
since 2022
Last sale
$4.4M
1 recorded transaction
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
$5,400,000
ML approach
$5,605,000
CAP Approach
CAP Return
Estimation
6%
$6,820,000
6.5%
$6,295,000
7%
$5,850,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,540,000
Current use
Blend value · Realmo final
$5.34M
Range $4.81M – $5.87M · ±10% · vs last sale $4.40M (Aug 8 2022)
Last sale anchor
$4.40M
Aug 8 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
$138 / 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
$24,764
Tax year 2023
Assessed value
$4,024,800
Assessed 2023
Previous assessed
$4,024,800
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$755,300
Assessed improvement
$3,269,500
Land market value
$755,300
Improvement market value
$3,269,500
Total market value
$4,024,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
6
Total area
38,705 SF
Lot
7.73 ac (336,719 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R03400-003-011-004
UPID
US53-1136935
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1983
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
6
Lot
7.73 ac
Current owner
From public records · entity-resolved
Alhobishi Convenience Stores & Rent
Individual
Mailing address
PO BOX 807, SAINT PAULS, NC 28384-0807
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
$4,400,000
Alhobishi Convenience Stores & Rent
Wilmington Holding Corp
Special Warranty Deed
$3,520,000 · First Bank
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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