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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Drug stores
3302 Market St Wilmington, NC 28403-1320
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5805045
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Construction
CONCRETE
Total area
13,353 SF
Lot
2.33 ac (101,495 SF)
Zoning code
CS,COMMERCIAL SERVICE
APN
R04913-011-003-000
UPID
US53-5805045
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy Pharmacy
-
Sarah S. Sproat, PharmD Pharmacy
-
Allister K. Woodman, RPH Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.45M
Owner & transaction history
Scp Ew River Place LLC · 5 yrs held
Scp Ew River Place LLC
since 2020
6 recorded transactions
Zoning & alternative use
CS,COMMERCIAL SERVICE · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+14.6%
Auto repair, garage
$3.8M
+7.9%
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%
$2,195,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,535,000
Current use
MEDICAL BUILDING
$4,050,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,810,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,395,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±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
$183 / 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
$29,002
Tax year 2023
Assessed value
$3,964,600
Assessed 2023
Previous assessed
$3,964,600
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$428,900
Assessed improvement
$3,535,700
Land market value
$428,900
Improvement market value
$3,535,700
Total market value
$3,964,600
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
13,353 SF
Lot
2.33 ac (101,495 SF)
Zoning code
CS,COMMERCIAL SERVICE
APN
R04913-011-003-000
UPID
US53-5805045
Jurisdiction
NEW HANOVER
Zoning & alternative use
CS,COMMERCIAL SERVICE · Wilmington, NC
Zoning CS,COMMERCIAL SERVICE · permitted uses
CS,COMMERCIAL SERVICE · 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
RETAIL STORES Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
2.33 ac
Current owner
From public records · entity-resolved
Scp Ew River Place LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 CVS DR, WOONSOCKET, RI 02895-6146
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Scp Ew River Place LLC
City Of Wilmington
Grant Deed
related
—
Dec 19, 2019
—
Scp-2006-c23-190 LLC
—
Grant Deed
related
$50,000,000 · Ameris Bk
Jan 27, 2010
—
Scp 2009 C34 064 LLC
Cvs 4846 Nc LLC
Grant Deed
related
—
Oct 15, 2008
$2,172,000
Cvs 4846 Nc LLC
Wilmington Auto Group Props Ll
Warranty Deed
—
Oct 15, 2008
—
Cvs 4846 Nc LLC
Wilmington Auto Group Props Ll
Grant Deed
related
—
Jul 30, 2007
$1,800,000
Wilmington Auto Group Props Ll
4-2003 LLC
Grant Deed
$2,500,000 · Gateway Bank & Trust
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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