Property profile

321 Raleigh St Wilmington, NC 28412

OFF-MARKET
Turn key restaurants
Property ID
US53-0706460
16,128 SF 1.53 ac lot Built 2002
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Construction STEEL FRAME
Total area 16,128 SF
Lot 1.53 ac (66,647 SF)
Zoning code IND
APN R06500-002-045-000
UPID US53-0706460

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Chemical Plant

Location

321 Raleigh St Wilmington, NC 28412-6307
Wilmington metro Census 10800 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.31M
Blend (final) Blend
$2.84M

Owner & transaction history

since 2025
Last sale
$2.6M
7 recorded transactions
2025
$2.6M
2025
$1.5M
2025
$2.1M
2018
Price N/A
2010
$921,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IND · Wilmington, NC
Zoning description

iness District. Sec. 18-195. - RB, Regional Business District. Sec. 18-196. - CBD, Central Business District. Sec. 18-197. - CS, Commercial Services District. Sec. 18-198. - LI, Light Industrial District. Sec. 18-199. -…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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