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    Property profile & analytics

    2403 Market St Wilmington, NC 28403-1135

    • Gas stations
    • 2,982 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $2,105,000
    Last Sale
    Nov 06, 2023
    $1,950,000
    Location Intelligence
    Property ID
    US53-1068313
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Forest Hill Food Mart / Gas Station / Convenience Store
    • Amoco / Gas Station / Convenience Store
    • Phoenix Mart / Convenience Store
    • ATM / Atm
    • ATM (Forest Hill Food Mart) / Atm

    Property Details for 2403 Market St

    Year built
    1972
    Construction
    WOOD FRAME
    Lot size
    0.62 lot acres
    Property size
    2,982 SF
    Zone code
    CB,COMMUNITY BUSIN
    Property type
    Gas stations
    APN
    R04820-003-006-000
    APU
    R04820003006000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,775,000
      6.5%
      $1,885,000
      7%
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,850,000
      Geo Method
      $1,775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,120,000
      Retail
      $2,055,000
      Mixed-Use
      $2,195,000
      Hospitality
      $2,150,000
      Educational
      $1,835,000
      Residential Income
      $1,585,000
      Energy
      $1,975,000
      Income-Based Land
      $1,610,000
      Food Service
      $2,135,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9157
    Latitude
    34.2388
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $184,800
    $251,000
    $435,800
    -
    $184,800
    $251,000
    $435,800

    Comparable in this City

    • Value Estimation by Request
      154 SF

      5221 Sigmon Rd

      SERVICE STATION WITH FOOD MART • 154 SF
      5221 Sigmon Rd, Wilmington, NC 28403-1667
      View Details
    • Value Estimation
      $530,000
      2,390 SF

      4100 Oleander Dr

      SERVICE STATION WITH FOOD MART • 2,390 SF
      4100 Oleander Dr, Wilmington, NC 28403-6820
      View Details
    • Value Estimation
      $350,000
      0.81 Acres

      425 College Rd

      GAS STATION • 0.81 Acres
      425 College Rd, Wilmington, NC 28403-1603
      View Details
    • Value Estimation
      $945,000
      135 SF

      1116 College Rd

      SERVICE STATION (FULL SERVICE) • 135 SF
      1116 College Rd, Wilmington, NC 28403-4307
      View Details
    • Value Estimation
      $405,000
      1,818 SF

      4001 Market St

      SERVICE STATION WITH FOOD MART • 1,818 SF
      4001 Market St, Wilmington, NC 28403-1405
      View Details
    • Value Estimation
      $335,000
      1,904 SF

      3001 Market St

      SERVICE STATION (FULL SERVICE) • 1,904 SF
      3001 Market St, Wilmington, NC 28403-0724
      View Details

    Similar Nearby for Sale

    • $2,900,000
      3,250 SF

      Gas Station & Store For Sale

      Profitable gas station and convenience store in prime Wilmington location.
      2401 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $2,325,000
      4,120 SF

      Wilmington Retail Automotive Shop ForSale

      Retail automotive shop in Wilmington, NC with high visibility.
      3805 Market St, Wilmington, NC 28403
      View Details
    • $495,000
      2,434 SF

      Retail/Commercial/Automotive Building For Sale

      Retail/Commercial/Automotive building for sale at Eastwood Center.
      100C Old Eastwood Rd, Wilmington, NC 28403
      View Details
    • $1,350,000

      Prime Location Retail Building

      3500 sq ft building in prime location, GB Zoning.
      1006 Kerr Ave S, Wilmington, NC 28403
      View Details
    • $1,000,000
      2,400 SF

      Multifunctional Property in Central Wilmington

      Centrally located property with high visibility and development potential.
      4609 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $2,300,000
      18,200 SF

      Market Street Income Property

      Two-tenant retail building with high visibility and occupancy history.
      3405 Market St, Wilmington, NC 28403
      View Details

    Similar Nearby for Lease

    • $5,200 /Mo
      7,300 SF

      Versatile Flex/Industrial Buildings For Lease

      Two adjoining flex/industrial buildings totaling 7,300 SF for lease.
      20 Covil Ave, Wilmington, NC 28403
      View Details
    • $20 SF/Yr
      261,240 SF

      Wilmington Retail Space Available

      Prime Wilmington retail/office space, flexible layouts.
      111 Kerr Ave, Wilmington, NC 28403
      View Details
    • $25 SF/Yr
      1,500 SF

      Retail/Office Space Near University

      1,500 SF retail or office space near UNCW.
      4401 Oleander Dr, Wilmington, NC 28403
      View Details
    • $1,600 /Mo
      856 SF

      Corner Office/Retail Space Available

      Flexible 856 SF office/retail space in prime location.
      109 Hinton Ave, Wilmington, NC 28403
      View Details
    • $29 SF/Yr
      43,600 SF

      Mixed-Use Development on Shipyard Blvd

      43,600 SF mixed-use development with high visibility and accessibility.
      3907 Shipyard Blvd, Wilmington, NC 28403
      View Details
    • Contact for pricing
      8,500 SF

      Retail Space Near University

      Retail space available in shopping center near University of Carolina.
      200 Racine Dr, Wilmington, NC 28403
      View Details
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    2403 Market St
    Wilmington, NC 28403-1135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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