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Property profile & analytics
FOR LEASE
Warehouses
4022 Market St, Wilmington, NC 28403
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2087822
For Lease
1 / 8
$5,500/Mo
4022 Market St, Wilmington, NC 28403
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Construction
STEEL FRAME
Total area
17,483 SF
Lot
3.99 ac (173,804 SF)
Zoning code
IND
APN
R04918-001-003-000
UPID
US53-2087822
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
-
Bluewater Surfaces Building Supply Hardware & Home Improvement
-
Kersting Architecture Architect Interior Designer
-
Coastal Building Supply Building Supply Mill
-
KingPost Design & Construction Construction Company General Contractor
-
Jaszcar Terry General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.40M
Owner & transaction history
Coastal Building Supply LLC · 2 yrs held
Coastal Building Supply LLC
since 2024
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
IND · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$3,610,000
6.5%
$3,330,000
7%
$3,095,000
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Feb 27 2024)
Last sale anchor
$2.40M
Feb 27 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
$137 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,777
Tax year 2024
Assessed value
$1,275,400
Assessed 2024
Previous assessed
$1,275,400
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$436,700
Assessed improvement
$838,700
Land market value
$436,700
Improvement market value
$838,700
Total market value
$1,275,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1940
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
5
Total area
17,483 SF
Lot
3.99 ac (173,804 SF)
Zoning code
IND
APN
R04918-001-003-000
UPID
US53-2087822
Jurisdiction
NEW HANOVER
Zoning & alternative use
IND · Wilmington, NC
Zoning IND · permitted uses
IND · 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.
Building & site characteristics
From public records
Year built
1940
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
5
Lot
3.99 ac
Current owner
From public records · entity-resolved
Coastal Building Supply LLC
Entity
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
Feb 27, 2024
—
Coastal Building Supply LLC
Switchyard Properties LLC
Deed
—
Feb 27, 2024
$2,400,000
Switchyard Properties LLC
Fertile Ground LLC
Special Warranty Deed
$1,237,000 · Truist Bank A North Carolin
Jul 16, 2015
—
Fertile Ground LLC
Mw4 LLC
Warranty Deed
related
—
Jun 4, 2008
$925,000
Mw4 LLC
Wetsig,paul J & Sylvia A
Warranty Deed
$1,530,000 · Regions Bank
—
—
Mw4 LLC
—
Deed Of Trust
related
$128,676 · Regions Bank
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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