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Property profile & analytics
OFF-MARKET
Estimated value
$2,605,000
Assisted living facilities
2744 17th St, Wilmington, NC 28412-6606
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-0831594
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
CONCRETE
Total area
53,944 SF
Lot
4.84 ac (210,961 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R06019-003-009-000
UPID
US53-0831594
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
-
Morningside of Wilmington Nursing Home Retirement Community
-
Emily T. Cipalla, MA Physician
-
Katherine J. Campbell, OTA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Snh Wilmington LLC · 10 yrs held
Snh Wilmington LLC
since 2015
7 recorded transactions
Zoning & alternative use
MF-M,MULTI FAM MED DEN · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$3,105,000
Current use
Blend value · Realmo final
$2.61M
Range $2.34M – $2.87M · ±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
$48 / 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
$85,438
Tax year 2023
Assessed value
$10,111,000
Assessed 2023
Previous assessed
$10,111,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,875,500
Assessed improvement
$8,235,500
Land market value
$1,875,500
Improvement market value
$8,235,500
Total market value
$10,111,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
87
Bathrooms
100
Total area
53,944 SF
Lot
4.84 ac (210,961 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R06019-003-009-000
UPID
US53-0831594
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF-M,MULTI FAM MED DEN · Wilmington, NC
Zoning MF-M,MULTI FAM MED DEN · permitted uses
MF-M,MULTI FAM MED DEN · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) 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
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
87
Bathrooms
100
Lot
4.84 ac
Current owner
From public records · entity-resolved
Snh Wilmington LLC
Entity
Free & Clear · 10 yrs held
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2015
$26,425,500
Snh Wilmington LLC
Clp Wilmington Nc Senior Livin
Warranty Deed
—
Jul 31, 2014
$22,250,000
Clp Wilmington Nc Senior Livin
Pacifica Wilmington LLC
Warranty Deed
$3,953,000 · Keybank Nat'l Assn/edgewood
Feb 11, 2008
$120,000
Pacifica Wilmington LLC
Arei Senior Housing Props LLC
Grant Deed
—
Feb 11, 2008
$240,500
Arei Senior Housing Props LLC
Arei Wilmington 18 LLC
Warranty Deed
related
—
Feb 11, 2008
$427,500
Arei Senior Housing Props LLC
Arei Wilmington 4 LLC
Warranty Deed
related
—
Feb 11, 2008
$356,000
Arei Senior Housing Props LLC
Arei Wilmington 10 LLC
Warranty Deed
related
—
Feb 11, 2008
$59,500
Arei Senior Housing Props LLC
Arei Wilmington 24 LLC
Warranty Deed
related
—
Feb 11, 2008
$138,000
Arei Senior Housing Props LLC
Arei Wilmington 20 LLC
Warranty Deed
related
—
Feb 11, 2008
$661,000
Arei Senior Housing Props LLC
Arei Wilmington 11 LLC
Warranty Deed
related
—
Feb 11, 2008
$257,500
Arei Senior Housing Props LLC
Arei Wilmington 21 LLC
Warranty Deed
related
—
Feb 11, 2008
$1,945,500
Arei Senior Housing Props LLC
Arei Wilmington 12 LLC
Warranty Deed
related
—
Feb 11, 2008
$302,500
Arei Senior Housing Props LLC
Arei Wilmington 15 LLC
Grant Deed
related
—
Feb 11, 2008
$860,000
Arei Senior Housing Props LLC
Arei Wilmington 1 LLC
Warranty Deed
related
—
Feb 11, 2008
$1,069,500
Arei Senior Housing Props LLC
Arei Wilmington 14 LLC
Warranty Deed
related
—
Feb 11, 2008
$1,090,500
Arei Senior Housing Props LLC
Arei Wilmington 3 LLC
Warranty Deed
related
—
Feb 11, 2008
$105,500
Arei Senior Housing Props LLC
Arei Wilmington 16 LLC
Warranty Deed
related
—
Feb 11, 2008
$354,000
Arei Senior Housing Props LLC
Arei Wilmington 8 LLC
Warranty Deed
related
—
Feb 11, 2008
$610,500
Arei Senior Housing Props LLC
Arei Wilmington 17 LLC
Warranty Deed
related
—
Feb 11, 2008
$20,500
Arei Senior Housing Props LLC
Arei Wilmington 25 LLC
Warranty Deed
related
—
Feb 11, 2008
$768,000
Arei Senior Housing Props LLC
Arei Wilmington 7 LLC
Warranty Deed
related
—
Feb 11, 2008
$489,500
Arei Senior Housing Props LLC
Arei Wilmington 2 LLC
Warranty Deed
related
—
Feb 11, 2008
$566,500
Arei Senior Housing Props LLC
Arei Wilmington 6 LLC
Warranty Deed
related
—
Apr 28, 2006
$261,500
Arei Wilmington 21 LLC
Wilmington Capital Rsrcs LLC
Warranty Deed
related
—
Dec 28, 2005
$12,100,000
Arei Wilmington 20 LLC
Oakdale Heights Wilm I LLC
Grant Deed
—
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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