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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Strip malls
4515 Fountain Dr, Wilmington, NC 28403-2919
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-0890652
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
STEEL FRAME
Total area
24,600 SF
Lot
2.67 ac (116,305 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R05511-002-039-000
UPID
US53-0890652
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
-
Evolution Dance Complex Training Center
-
Spectrum Paint Hardware & Home Improvement Building Supply
-
Wilmington Roofing Service Construction Company General Contractor
-
C & S PAINT CENTER Hardware & Home Improvement Building Supply
-
FIT4MOM Wilmington Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.84M
Owner & transaction history
City Of Wilmington
City Of Wilmington
since 2026
7 recorded transactions
Zoning & alternative use
CB,COMMUNITY BUSIN · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10%
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
$115 / 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
$5,805
Tax year 2023
Assessed value
$2,747,700
Assessed 2023
Previous assessed
$2,747,700
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$756,800
Assessed improvement
$1,990,900
Land market value
$756,800
Improvement market value
$1,990,900
Total market value
$2,747,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
24,600 SF
Lot
2.67 ac (116,305 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R05511-002-039-000
UPID
US53-0890652
Jurisdiction
NEW HANOVER
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
Zoning CB,COMMUNITY BUSIN · permitted uses
CB,COMMUNITY BUSIN · 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
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
2.67 ac
Current owner
From public records · entity-resolved
City Of Wilmington
Entity
Mailing address
4AW100, BASKING RIDGE, NJ
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
$4,500
City Of Wilmington
Bnw Dance LLC
Warranty Deed
—
Nov 6, 2025
—
Bnw Dance LLC
—
Deed
related
$1,386,635 · First Citizens Bank & Trust Co
Feb 14, 2024
—
Cellco Partnership
Skyway Towers LLC
Deed
—
Sep 29, 2022
—
Bnw Dance LLC
—
Deed
related
$233,000 · Edward Shaw Williamson
Jun 8, 2022
$1,760,000
Bnw Dance LLC
Choate Investments LLC
Special Warranty Deed
$1,426,000 · Dogwood State Bank
Mar 14, 2022
—
Skyway Towers LLC
Choate Investments LLC
Agreement Of Sale
—
—
—
Choate Investments LLC
—
Deed Of Trust
related
$750,000 · Little Bk
—
—
C & S Paint INC
—
Deed Of Trust
related
$3,075,000 · Rbc Bank (usa)
—
—
Choate Investments LLC
—
Deed Of Trust
related
$1,800,000 · Rbc Centura 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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