Financial
Distress signals
Property profile

401 Chestnut St Wilmington, NC 28401

FOR LEASE
Office buildings
Property ID
US53-2136634
1,025 SF Built 1985
Last sale Jun 2021 · $168,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a private office unit located within an office condominium at 401 Chestnut Street in Wilmington’s downtown area. The space measures approximately 10 ft by 9 ft and includes a lockable office with a window for natural light. The office has been updated with interior paint and new laminate flooring. Building occupants share a furnished foyer, kitchen area, and bathroom. The building provides a parking lot for tenant use. The property is zoned CBD and is situated near the downtown

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$154k
Assessed improvement$154k
Effective rate0.91%

Value estimate

· Sep 2026
$200k
$180k – $220k
AI approach$210k
NOI build-up
Gross scheduled income$2k
Vacancy & credit loss−$355
Operating expenses−$381
NOI · 190.50% cap applied$1k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$358/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$222 – $589
Qualifying comparables3

Cap rate analysis

How does the asset earn?
190.50%
$1k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD,CENTRAL BUS DIST
JurisdictionNEW HANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.4
Garden Center10.0
Dry Cleaner9.2

Location

401 Chestnut St Wilmington, NC 28401
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
319 4th St Ste, Wilmington, NC 28401-4181 $1,250,000 Sep 2024 1,031 SF
235 Sutton Lk, Wilmington, NC 28401-9000 $435,000 Dec 2023 1,064 SF
3251 Us Hwy 421st N, Wilmington, NC 28401-9013 $3,000,000 Nov 2023 1,380 SF
16 Wilkinson, Wilmington, NC 28401-4467 $1,000,000 Oct 2023 656 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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