New search
Property profile & analytics
FOR LEASE
Office buildings
250 Raleigh St, Wilmington, NC 28412
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1092507
For Lease
1 / 35
$2,460,000
250 Raleigh St, Wilmington, NC 28412
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1942
Construction
CONCRETE
Total area
11,686 SF
Lot
5.03 ac (219,107 SF)
Zoning code
IND
APN
R06500-007-052-000
UPID
US53-1092507
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
-
United Discount Store Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.46M
Owner & transaction history
Wgtract6 LLC · 3 yrs held
Wgtract6 LLC
since 2022
7 recorded transactions
Zoning & alternative use
IND · 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%
$2,640,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,795,000
Current use
MEDICAL BUILDING
$3,545,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,335,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$3,190,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$211 / 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
$11,052
Tax year 2023
Assessed value
$1,307,900
Assessed 2023
Previous assessed
$1,307,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$341,100
Assessed improvement
$966,800
Land market value
$341,100
Improvement market value
$966,800
Total market value
$1,307,900
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1942
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,686 SF
Lot
5.03 ac (219,107 SF)
Zoning code
IND
APN
R06500-007-052-000
UPID
US53-1092507
Jurisdiction
NEW HANOVER
Zoning & alternative use
IND · Wilmington, NC
Zoning IND · permitted uses
IND · 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
OFFICE BUILDING Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1942
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.03 ac
Current owner
From public records · entity-resolved
Wgtract6 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 3167, WILMINGTON, NC 28406-0167
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
—
Wgtract6 LLC
Nathan S Sanders
Quit Claim Deed
related
—
Jan 23, 2018
—
Burgess Group Consolidated LLC
—
Deed
related
$637,500 · Select Bk
Jun 29, 2015
$479,000
Raleigh Street Investments LLC
South St Bk
Grant Deed
$383,200 · Park Sterling Bk
Jan 18, 2013
$1,192,500
First Fedl Bk
Rogers Jeff D
Trustees Deed
related
—
Jul 19, 2012
—
Rose Companies LLC
—
Trustees Deed
related
$228,996 · Cardfex INC
—
—
Burgess Group Consolidated LLC
—
Deed Of Trust
related
$637,500 · Select Bk
—
—
Rose Companies LLC
—
Deed Of Trust
related
$300,000 · Security Savings Bank
—
—
Rose Companies LLC
—
Deed Of Trust
related
$100,000 · Security Savings Bank
—
—
Rose Companies LLC
—
Deed Of Trust
related
$1,573,000 · Security Savings Bank
—
—
Rose Companies LLC
—
Deed Of Trust
related
$87,000 · First Fed'l S & L Charleston
—
—
Rose Companies LLC
—
Deed Of Trust
related
$1,698,000 · First Fed'l S & L Charleston
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
