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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
3345 Riv Rd, Wilmington, NC 28412-6243
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-5452584
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
STEEL & CONCRETE
Total area
1,920 SF
Lot
29.67 ac (1,292,425 SF)
Zoning code
IND
APN
R06400-002-004-000
UPID
US53-5452584
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
-
Nustar Asphalt Refining General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$585k
Owner & transaction history
Bkep Materials LLC · 10 yrs held
Bkep Materials LLC
since 2016
5 recorded transactions
Zoning & alternative use
IND · 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
MEDICAL BUILDING
$580,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$525,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$305 / 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
Assessed value
$2,737,900
Assessed 2023
Previous assessed
$2,737,900
+0.0% YoY
Assessed land
$1,484,900
Assessed improvement
$1,253,000
Land market value
$1,484,900
Improvement market value
$1,253,000
Total market value
$2,737,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
5
Total area
1,920 SF
Lot
29.67 ac (1,292,425 SF)
Zoning code
IND
APN
R06400-002-004-000
UPID
US53-5452584
Jurisdiction
NEW HANOVER
Zoning & alternative use
IND · Wilmington, NC
Zoning IND · permitted uses
IND · 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
OFFICE BUILDING Current
Est. value
$625,000
MEDICAL BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1950
Construction
STEEL & CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
5
Lot
29.67 ac
Current owner
From public records · entity-resolved
Bkep Materials LLC
Entity
Mailing address
6060 S AMERICAN PLZ ST E STE #600, TULSA, OK 74135-4351
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
—
Bkep Materials LLC
—
Deed
related
$50,000 · Truist Bank
Feb 2, 2016
$8,969,000
Bkep Materials LLC
Axeon Marketing LLC
Grant Deed
$400,000,000 · Wells Fargo Bk
Mar 26, 2014
$10,165,000
Nustar Marketing LLC
Nustar Logistics LP
Grant Deed
related
—
May 6, 2013
—
Nustar Logistics LP
Nustar Asphalt Refining LLC
Quit Claim Deed
related
—
Mar 25, 2008
$2,000,000
Nustar Asphalt Refining LLC
Citgo Asphalt Refining
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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