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Property profile & analytics
OFF-MARKET
Estimated value
$6,315,000
Community centers
354 College Rd, Wilmington, NC 28403-1632
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2008384
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Construction
CONCRETE
Total area
35,236 SF
Lot
30.57 ac (1,331,629 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R04920-004-001-000
UPID
US53-2008384
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
-
Lowe's Garden Center Garden Center
-
Lowe's Home Improvement Carpet & Flooring Store Hardware & Home Improvement
-
Installation Services General Contractor
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.74M
Comparable Approach
Comparable
$6.84M
Blend (final)
Blend
$6.32M
Owner & transaction history
Dt University Centre LP · 7 yrs held
Dt University Centre LP
since 2018
1 recorded transaction
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.1M
+12.4%
Retail stores
$9.3M
+4.2%
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%
$6,210,000
6.5%
$5,735,000
7%
$5,325,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,955,000
Current use
AUTO REPAIR, GARAGE
$10,060,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$9,325,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$6.32M
Range $5.68M – $6.95M · ±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
$179 / 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
$266,790
Tax year 2023
Assessed value
$31,572,800
Assessed 2023
Previous assessed
$31,572,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$9,350,200
Assessed improvement
$22,222,600
Land market value
$9,350,200
Improvement market value
$22,222,600
Total market value
$31,572,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
1
Units
1
Bathrooms
5
Total area
35,236 SF
Lot
30.57 ac (1,331,629 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R04920-004-001-000
UPID
US53-2008384
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Zoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$10.1M
RETAIL STORES
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Units
1
Bathrooms
5
Lot
30.57 ac
Current owner
From public records · entity-resolved
Dt University Centre LP
Entity
Free & Clear · 7 yrs held
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
—
Dt University Centre LP
Gs II University Centre LP
Grant Deed
related
—
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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