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Property profile & analytics
OFF-MARKET
Estimated value
$5,905,000
Sports & entertainment properties
3907 Shipyard Blvd Wilmington, NC 28403-6152
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1280930
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1975
Construction
STEEL FRAME
Total area
27,010 SF
Lot
40.86 ac (1,779,862 SF)
Zoning code
O&I-1
APN
R06109-004-024-000
UPID
US53-1280930
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
$5.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.91M
Owner & transaction history
Live Oak Banking Company · 2 yrs held
Live Oak Banking Company
since 2024
Last sale
$5.9M
5 recorded transactions
Zoning & alternative use
O&I-1 · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$6.2M
+173.0%
Office building
$6.0M
+164.6%
Restaurant
$4.6M
+103.7%
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
$5,905,000
ML approach
$5,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,215,000
Change: +173% · Conversion: Difficult
OFFICE BUILDING
$6,020,000
Change: +165% · Conversion: Difficult
RESTAURANT
$4,635,000
Change: +104% · Conversion: Difficult
RETAIL STORES
$3,790,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$5.91M
Range $5.31M – $6.50M · ±10% · vs last sale $5.90M (Apr 9 2024)
Last sale anchor
$5.90M
Apr 9 2024
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
$219 / 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
$63,434
Tax year 2023
Assessed value
$7,507,000
Assessed 2023
Previous assessed
$7,507,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$6,403,200
Assessed improvement
$1,103,800
Land market value
$6,403,200
Improvement market value
$1,103,800
Total market value
$7,507,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
6
Total area
27,010 SF
Lot
40.86 ac (1,779,862 SF)
Zoning code
O&I-1
APN
R06109-004-024-000
UPID
US53-1280930
Jurisdiction
NEW HANOVER
Zoning & alternative use
O&I-1 · Wilmington, NCZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING
Est. value
$6.0M
RESTAURANT
Est. value
$4.6M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
40.86 ac
Current owner
From public records · entity-resolved
Live Oak Banking Company
Entity
Free & Clear · 2 yrs held
Mailing address
1741 TIBURON DR, WILMINGTON, NC 28403-6244
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 9, 2024
$5,903,500
Live Oak Banking Company
The Oleander Company INC
Warranty Deed
—
Apr 9, 2024
—
Live Oak Banking Company
The Oleander Company INC
Quit Claim Deed
related
—
Oct 29, 2013
—
Tiburon Parc Prop Owners Assn
Oleander Co INC
Warranty Deed
related
—
May 2, 2013
—
Midtown One LLC
Oleander Co INC
Warranty Deed
related
—
May 2, 2013
$3,609,000
Live Oak Banking Co
Oleander Co INC
Warranty 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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