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Property profile & analytics
FOR LEASE
Office buildings
3910 Princess Place Dr Wilmington, NC 28405
Entity Owned
Free & Clear
Property ID
US53-1316703
For Lease
1 / 4
$650,000
3910 Princess Place Dr, Wilmington, NC 28405
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE
Total area
3,731 SF
Lot
0.58 ac (25,395 SF)
Zoning code
O&I-1
APN
R04914-007-011-000
UPID
US53-1316703
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
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$650k
Owner & transaction history
Cd Housing LLC
Cd Housing LLC
since 2026
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
O&I-1 · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+15.3%
Retail stores
$1.0M
+10.2%
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%
$840,000
6.5%
$780,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,020,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$920,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: -6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Dec 30 2025)
Last sale anchor
$650k
Dec 30 2025
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
$174 / 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
$2,809
Tax year 2023
Assessed value
$443,300
Assessed 2023
Previous assessed
$443,300
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$69,200
Assessed improvement
$374,100
Land market value
$69,200
Improvement market value
$374,100
Total market value
$443,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
6
Total area
3,731 SF
Lot
0.58 ac (25,395 SF)
Zoning code
O&I-1
APN
R04914-007-011-000
UPID
US53-1316703
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
0.58 ac
Current owner
From public records · entity-resolved
Cd Housing LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 12062, WILMINGTON, NC 28405-0100
Ownership since
2026
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 30, 2026
—
Cd Housing LLC
Training Up A Child Enrichment Cent
Deed
related
—
Dec 30, 2025
$650,000
Dgilm Properties LLC
Training Up A Child Enrichment Cent
Warranty Deed
$490,000 · First Bank
Aug 15, 2024
—
Harriet P Mattison
Warren W Wilson
Quitclaim Deed
related
—
—
—
Grooming Place INC
—
Deed Of Trust
related
$311,405 · Suntrust Bk
—
—
Grooming Place INC
—
Deed Of Trust
related
$40,000 · City Of Wilmington
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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