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Property profile & analytics
OFF-MARKET
Estimated value
$7,005,000
Manufacturing properties
4151 Emerson St, Wilmington, NC 28403-1414
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0816058
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
1988
Construction
STEEL FRAME
Total area
45,974 SF
Lot
7.1 ac (309,276 SF)
Zoning code
IND
APN
R04918-004-004-001
UPID
US53-0816058
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
-
United Refrigeration Inc Big Box & Wholesale Store
-
BMW Warehouse Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.44M
CAP Approach
CAP
$7.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.01M
Owner & transaction history
L & W Supply Corporation · 2 yrs held
L & W Supply Corporation
since 2023
Last sale
$6.7M
4 recorded transactions
Zoning & alternative use
IND · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.6M
+96.0%
Office building
$10.3M
+90.0%
Restaurant
$7.9M
+46.2%
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
$7,405,000
ML approach
$8,435,000
CAP Approach
CAP Return
Estimation
6%
$7,815,000
6.5%
$7,215,000
7%
$6,700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,395,000
Current use
COMMERCIAL (GENERAL)
$10,575,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$10,250,000
Change: +90% · Conversion: Difficult
RESTAURANT
$7,890,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$6,450,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,770,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$5,630,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,325,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$7.01M
Range $6.30M – $7.71M · ±10% · vs last sale $6.70M (Nov 17 2023)
Last sale anchor
$6.70M
Nov 17 2023
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
$152 / 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
$20,742
Tax year 2024
Assessed value
$2,454,700
Assessed 2024
Previous assessed
$2,454,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$620,200
Assessed improvement
$1,834,500
Land market value
$620,200
Improvement market value
$1,834,500
Total market value
$2,454,700
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
45,974 SF
Lot
7.1 ac (309,276 SF)
Zoning code
IND
APN
R04918-004-004-001
UPID
US53-0816058
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$10.6M
OFFICE BUILDING
Est. value
$10.3M
RESTAURANT
Est. value
$7.9M
RETAIL STORES
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
7.1 ac
Current owner
From public records · entity-resolved
L & W Supply Corporation
Entity
Free & Clear · 2 yrs held
Mailing address
1 ABC PKWY, BELOIT, WI 53511-4466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
$6,700,000
L & W Supply Corporation
Dbre II LLC
Special Warranty Deed
—
Apr 28, 2020
—
Dbre II LLC
—
Deed Of Trust
related
$2,500,000 · First Carolina Bk
Jul 31, 2017
$1,800,000
Dbre II LLC
Vallen Distribution INC
Grant Deed
—
Jul 31, 2017
—
Dbre II LLC
Vallen Distribution INC
Quit Claim Deed
related
$1,350,000 · Wells Fargo Bk
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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