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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Turn key restaurants
3417 Merchant Ct, Wilmington, NC 28405-2149
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1729727
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Construction
STEEL FRAME
Total area
8,360 SF
Lot
1.26 ac (54,929 SF)
Zoning code
PD,PLANNED DEVELPMNT
APN
R02612-002-012-000
UPID
US53-1729727
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
-
Pet's Pal Inn Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Pawville INC · 3 yrs held
Pawville INC
since 2023
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
PD,PLANNED DEVELPMNT · 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
$1,295,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.10M (Feb 1 2023)
Last sale anchor
$1.10M
Feb 1 2023
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
$142 / 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
$3,838
Tax year 2023
Assessed value
$687,300
Assessed 2023
Previous assessed
$687,300
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$110,800
Assessed improvement
$576,500
Land market value
$110,800
Improvement market value
$576,500
Total market value
$687,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
8,360 SF
Lot
1.26 ac (54,929 SF)
Zoning code
PD,PLANNED DEVELPMNT
APN
R02612-002-012-000
UPID
US53-1729727
Jurisdiction
NEW HANOVER
Zoning & alternative use
PD,PLANNED DEVELPMNT · Wilmington, NC
Zoning PD,PLANNED DEVELPMNT · permitted uses
PD,PLANNED DEVELPMNT · 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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Pawville INC
Entity
Free & Clear · 3 yrs held
Mailing address
3413 MERCHANT CT, WILMINGTON, NC 28405-2149
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
—
Pawville INC
Store Master Funding Xvii LLC
Lease
—
Feb 1, 2023
$1,095,000
Store Master Funding Xvii LLC
The Pets Pal INC
Warranty Deed
$2,942,586 · Citibank NA
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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