Property profile

401 Chestnut St H Wilmington, NC 28401

FOR LEASE
Office buildings
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Property ID
US53-2136634
1,025 SF Built 1985
Last sale Jan 2015·$227,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a set of private, lockable office units within an office condominium located at the corner of 4th and Chestnut Streets in downtown Wilmington, with access to a shared furnished foyer, kitchen area, and bathroom. Up to three private offices may be available; two offices are configured as approximately 10' x 9' each (about 90 square feet total for the unit described), with individual windows and interior doors. The offices were recently painted and have new laminate flooring. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

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

Value estimate

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

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?
$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, Unit H Wilmington, NC 28401
County assessor Recorded deeds · 1 transfer 5 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 · 15 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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