New search
Property profile & analytics
OFF-MARKET
Estimated value
$13,330,000
Hotels
301 Water St, Wilmington, NC 28401-3934
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1342032
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1970
Construction
CONCRETE
Total area
126,338 SF
Lot
4.75 ac (206,779 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R04720-001-004-000
UPID
US53-1342032
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
-
Hotel Ballast Wilmington, Tapestry Collection by Hilton Hotel & Motel
-
Inspire Solutions IT Consulting Firm Tech Support Center
-
Board & Barrel Restaurant
-
Hilton Wilmington Riverside Hotel & Motel Resort
-
Innovations Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.33M
Owner & transaction history
Soho Wilmington LLC · 9 yrs held
Soho Wilmington LLC
since 2016
3 recorded transactions
Zoning & alternative use
CBD,CENTRAL BUS DIST · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$106 / 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
$294,969
Tax year 2023
Assessed value
$32,424,900
Assessed 2023
Previous assessed
$32,424,900
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$4,296,200
Assessed improvement
$28,128,700
Land market value
$4,296,200
Improvement market value
$28,128,700
Total market value
$32,424,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
8
Units
272
Bathrooms
2
Total area
126,338 SF
Lot
4.75 ac (206,779 SF)
Zoning code
CBD,CENTRAL BUS DIST
APN
R04720-001-004-000
UPID
US53-1342032
Jurisdiction
NEW HANOVER
Zoning & alternative use
CBD,CENTRAL BUS DIST · Wilmington, NC
Zoning CBD,CENTRAL BUS DIST · permitted uses
CBD,CENTRAL BUS DIST · 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.
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
8
Buildings
2
Units
272
Bathrooms
2
Lot
4.75 ac
Current owner
From public records · entity-resolved
Soho Wilmington LLC
Entity
Free & Clear · 9 yrs held
Mailing address
306 S HENRY ST, WILLIAMSBURG, VA 23185-4107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Soho Wilmington LLC
—
Deed
related
$308,000,000 · Athene Annuity And Life Company An Iow
Dec 1, 2016
—
Soho Wilmington LLC
Capitol Hotel Associates LP
Warranty Deed
related
—
—
—
Capitol Hotel Associates
—
Deed Of Trust
related
$25,000 · The Fidelity
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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