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Property profile & analytics
OFF-MARKET
Estimated value
$15,360,000
Turn key restaurants
3525 Lancelot Ln, Wilmington, NC 28403-4329
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5329541
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Total area
4,428 SF
Lot
4.47 ac (194,713 SF)
Zoning code
O&I-1
APN
R04917-004-017-000
UPID
US53-5329541
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.36M
Owner & transaction history
Triangle Saxon Place LLC · 4 yrs held
Triangle Saxon Place LLC
since 2021
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
O&I-1 · 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
$17,915,000
ML approach
$11,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.36M
Range $13.82M – $16.90M · ±10% · vs last sale $16.00M (Sep 30 2021)
Last sale anchor
$16.00M
Sep 30 2021
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
$3,469 / 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
$120,380
Tax year 2023
Assessed value
$14,246,100
Assessed 2023
Previous assessed
$14,246,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$408,200
Assessed improvement
$13,837,900
Land market value
$408,200
Improvement market value
$13,837,900
Total market value
$14,246,100
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
2011
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
4,428 SF
Lot
4.47 ac (194,713 SF)
Zoning code
O&I-1
APN
R04917-004-017-000
UPID
US53-5329541
Jurisdiction
NEW HANOVER
Zoning & alternative use
O&I-1 · Wilmington, NC
Zoning O&I-1 · permitted uses
O&I-1 · 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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
4.47 ac
Current owner
From public records · entity-resolved
Triangle Saxon Place LLC
Entity
Mailing address
165 S YORK ST, GASTONIA, NC 28052-4120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$16,000,000
Triangle Saxon Place LLC
Saxon Place LLC
Special Warranty Deed
$8,000,000 · First Citizens Bank & Trust Co
Sep 30, 2021
—
Jacks Heavy Property LLC
Saxon Place LLC
Special Warranty Deed
—
Jul 16, 2020
—
Saxon Place LLC
—
Deed Of Trust
related
$14,500,000 · First Carolina Bk
Mar 19, 2020
$729,000
Saxon Place LLC
Dbnc Holdings LLC
Grant Deed
—
Sep 30, 2013
—
Dbnc Holdings INC
—
Trustees Deed
related
$95,000 · East Carolina Bank
Jun 19, 2012
—
Courts Sports Bar
—
Trustees Deed
related
$95,000 · East Carolina Bank
Feb 9, 2012
—
Dbnc Holding INC
—
Trustees Deed
related
$50,000 · East Carolina Bank
Feb 17, 2011
—
Dbnc Holdings INC
—
Trustees Deed
related
$725,000 · East Carolina Bank
Feb 9, 2011
—
Dbnc Holdings INC
Buffalino,christopher & Kelly
Warranty Deed
related
—
Jul 16, 2008
$250,000
Christopher Buffalino
Avalon Apartments LLC
Grant Deed
—
Aug 29, 2006
$1,876,000
Avalon Apartments LLC
Buffalino,christopher & Kelly
Warranty Deed
$13,172,000 · First Tennessee Bank National
Sep 16, 2005
$11,500
Christopher Buffalino
Lare,john J & Marianne K
Grant Deed
—
—
—
Dbnc Holdings LLC
—
Deed Of Trust
related
$60,000 · Vantagesouth Bk
—
—
Dbnc Holdings LLC
—
Deed Of Trust
related
$135,000 · Vantagesouth Bk
—
—
Dbnc Holdings INC
—
Deed Of Trust
related
$50,000 · East Carolina Bank
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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