Realmo Analytics

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Financial
Distress signals
Property profile

255 N Front St Wilmington, NC 28401

FOR SALE
Bars & Pubs
Property ID
US53-3540800
2,734 SF Built 1915
Last sale Jan 2022 · $55,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$627k
Assessed improvement$627k
Effective rate0.91%

Value estimate

· Oct 2026
$395k
$356k – $435k
Submarket $/SF estimate$708k
NOI build-up
Gross scheduled income$21.86M
Vacancy & credit loss−$2.78M
Operating expenses−$7.16M
NOI · 745.55% cap applied$11.93M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$332/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$153 – $450
Qualifying comparables5

Cap rate analysis

How does the asset earn?
745.55%
$11.93M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD,CENTRAL BUS DIST
JurisdictionNEW HANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.3
Garden Center9.0
Dry Cleaner8.8

Location

255 N Front St Wilmington, NC 28401
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
603 Castle, Wilmington, NC 28401-5223 $80,000 Jan 2025 2,250 SF
2526 Carolina Bch, Wilmington, NC 28401-7610 $2,400,000 Oct 2024 3,680 SF
2401 17th, Wilmington, NC 28401-7903 $1,560,000 Sep 2024 3,499 SF
1125 4th, Wilmington, NC 28401-3000 $670,000 Jun 2024 1,984 SF
1219 5th, Wilmington, NC 28401-6259 $225,000 Mar 2024 2,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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