Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 17th St Wilmington, NC 28401-5548
    Back to Search
    Property profile & analytics

    501 17th St Wilmington, NC 28401-5548

    View on Map
    • Garden apartment buildings
    • 20,343 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Jun 24, 2022
    Property ID
    US53-4615448
    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
    $1,275,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baroque Bridal: Design and Alteration Studio (formerly TAC) / (Bike/Boat/Book/etc) Store

    Property Details for 501 17th St

    Year built
    2021
    Lot size
    0.33 lot acres
    Property size
    20,343 SF
    Zone code
    UMX
    Property type
    Garden apartment buildings
    APN
    R05407-028-001-000
    APU
    R05407028001000

    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
    -77.9265
    Latitude
    34.2306
    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
    2023
    $25,931
    $206,300
    $2,862,400
    $3,068,700
    -
    $206,300
    $2,862,400
    $3,068,700

    Comparable in this City

    • Value Estimation
      $910,000
      1,104 SF

      1101 Rankin St

      GARDEN APT, COURT APT (5+ UNITS) • 1,104 SF
      1101 Rankin St, Wilmington, NC 28401-3780
      View Details
    • Value Estimation
      $3,255,000
      53,488 SF

      1216 4th St

      GARDEN APT, COURT APT (5+ UNITS) • 53,488 SF
      1216 4th St, Wilmington, NC 28401-2919
      View Details
    • Value Estimation
      $15,605,000
      32,124 SF

      1014 Thomas C Jervay Loop

      GARDEN APT, COURT APT (5+ UNITS) • 32,124 SF
      1014 Thomas C Jervay Loop, Wilmington, NC 28401-5896
      View Details
    • Value Estimation
      $5,860,000
      43,417 SF

      420 Market St

      GARDEN APT, COURT APT (5+ UNITS) • 43,417 SF
      420 Market St, Wilmington, NC 28401-4579
      View Details
    • Value Estimation by Request
      13,776 SF

      919 Castle St

      GARDEN APT, COURT APT (5+ UNITS) • 13,776 SF
      919 Castle St, Wilmington, NC 28401-5491
      View Details
    • Value Estimation by Request
      7,200 SF

      718 5th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 7,200 SF
      718 5th Ave, Wilmington, NC 28401-5177
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,204 SF

      Downtown Wilmington Corner Duplex

      Excellent investment opportunity near downtown shops and the riverfront.
      129 S 8Th St, Wilmington, NC 28401
      View Details
    • New
      $495,000
      2,425 SF

      Charming Duplex in Downtown Wilmington

      Refreshed duplex blending historic charm with modern convenience in Wilmington.
      108 N 8Th St, Wilmington, NC 28401
      View Details
    • $425,000
      Pending

      Downtown Wilmington Corner Duplex

      Wilmington duplex with strong rental potential near downtown shops.
      129 S 8Th St, Wilmington, NC 28401
      View Details
    • $399,900
      1,372 SF

      Historic Downtown Wilmington Duplex

      Seller-financed duplex in historic downtown Wilmington near Castle Street.
      107 S 10Th St, Wilmington, NC 28401
      View Details
    • Contact for pricing
      370 SF

      Historic Wilmington Efficiency Condo

      Charming condo in historic district, close to River Walk.
      118 Dock St, Wilmington, NC 28401
      View Details
    • $1,075,000
      3,125 SF

      Historic Downtown Wilmington Triplex Investment

      Three-unit property in historic downtown Wilmington with income potential.
      308 Church St, Wilmington, NC 28401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Mixed-Use Property on Large Lot

      3-bedroom property with B-1 zoning, ideal for residential or commercial.
      120 Yorktown Dr, Wilmington, NC 28401
      View Details
    • $4 SF/Yr
      70,000 SF

      Wilmington Warehouse Space Available

      Industrial warehouse, 2,500-5,000 sq ft
      1200 Castle Hayne Rd, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Retail Space on Castle Street

      Single tenant retail space available for lease in Wilmington.
      606-1/2 Castle St, Wilmington, NC 28401
      View Details
    • $11 SF/Yr
      2,000 SF

      Downtown Warehouse in Soda Pop District

      Versatile warehouse space in downtown's vibrant Soda Pop District.
      921 Princess St, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Cold Storage Facility with Racking

      288,174 SF cold storage facility with 50' ceilings.
      298 Corporate Dr N, Wilmington, NC 28401
      View Details
    • $763 /Mo
      100 SF

      Salon Suites in Midtown Wilmington

      All-inclusive salon suites for lease in vibrant Midtown Wilmington.
      916 S 17Th St, Wilmington, NC 28401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 17th St
    Wilmington, NC 28401-5548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    501 17th St, Wilmington, NC, 28401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!