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    49 Hillsdale Dr Wilmington, NC 28403
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    Property profile & analytics

    49 Hillsdale Dr Wilmington, NC 28403

    View on Map
    • Warehouses
    • 0.25 lot acres
    Off-Market
    Property ID
    US53-2008029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 49 Hillsdale Dr

    Lot size
    0.25 lot acres
    Zone code
    O&I
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R05014-012-018-000
    APU
    R05014012018000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8581
    Latitude
    34.2402
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $591
    $63,300
    $4,600
    $67,900
    -
    $63,300
    $4,600
    $67,900

    Comparable in this City

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      $1,350,000
      15,604 SF

      14 Jacksonville St

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    • Value Estimation
      $820,000
      7,560 SF

      426 College Rd

      MINI-WAREHOUSE, STORAGE • 7,560 SF
      426 College Rd, Wilmington, NC 28403-1604
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    • Value Estimation
      $525,000
      4,500 SF

      110 Hinton Ave

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      110 Hinton Ave, Wilmington, NC 28403-4734
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    • Value Estimation
      $885,000
      5,850 SF

      20 Jacksonville St

      MINI-WAREHOUSE, STORAGE • 5,850 SF
      20 Jacksonville St, Wilmington, NC 28403
      View Details
    • Value Estimation
      $1,685,000
      15,600 SF

      120 Vision Dr

      MINI-WAREHOUSE, STORAGE • 15,600 SF
      120 Vision Dr, Wilmington, NC 28403
      View Details
    • Value Estimation
      $4,380,000
      42,742 SF

      110 Kerr Ave

      MINI-WAREHOUSE, STORAGE • 42,742 SF
      110 Kerr Ave, Wilmington, NC 28403-1419
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,405 SF

      Wilmington Commercial Lots with Warehouse

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      Commercial Land with Multi-Use Building

      1.82 acres with 12,000 SF building in Wilmington, NC.
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      Land Near Novant Regional Hospital

      0.77-acre vacant lot in Wilmington's medical corridor.
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      0.41 Acres

      Prime Wilmington Development Opportunity

      CS-zoned land in Wilmington's growth corridor with high visibility.
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    • Contact for pricing
      7,763 SF

      Retail Property on College Road

      7,763 sqft retail property on 1.26 acre lot.
      302 S College Rd, Wilmington, NC 28403
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    • $550,000
      Pending

      Acre Parcel in Midtown Wilmington

      Almost 1 acre parcel in midtown Wilmington for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      58,950 SF

      Centrally Located Industrial Facility

      58,950 SF industrial facility in central New Hanover County.
      2405 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • Contact for pricing
      4,800 SF

      Versatile Flex/Industrial Buildings For Lease

      Two adjoining flex/industrial buildings totaling 7,300 SF for lease.
      20 Covil Ave, Wilmington, NC 28403
      View Details
    • Contact for pricing
      7,070 SF

      New Flex Space For Lease

      New flex space with excellent access and ample parking.
      3008 N Kerr Ave, Wilmington, NC 28403
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    • $18 SF/Yr
      2,581 SF

      Versatile Office/Flex Space Available

      Office/flex space in desirable Seagate community, suitable for various uses.
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    • Contact for pricing

      Retail Space in Wilmington, NC

      Retail space available for rent in Wilmington, North Carolina.
      815 College Rd, Wilmington, NC 28403
      View Details
    • Contact for pricing

      Freestanding Office Building in Wilmington

      Office space for lease with ample parking and convenient access.
      1890 Dawson St, Wilmington, NC 28403
      View Details
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    Wilmington, NC 28403
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    49 Hillsdale Dr, Wilmington, NC, 28403
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