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Property profile & analytics
FOR LEASE
Garden apartment buildings
501 S 17Th St, Wilmington, NC 28401
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4615448
For Lease
1 / 7
$1,350/Mo
501 S 17Th St, Wilmington, NC 28401
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Total area
20,343 SF
Lot
0.33 ac (14,375 SF)
Zoning code
UMX
APN
R05407-028-001-000
UPID
US53-4615448
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
-
Baroque Bridal: Design and Alteration Studio (formerly TAC) (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
The Ardmore LLC · 4 yrs held
The Ardmore LLC
since 2022
6 recorded transactions
Zoning & alternative use
UMX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
$25,931
Tax year 2023
Assessed value
$3,068,700
Assessed 2023
Previous assessed
$3,068,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$206,300
Assessed improvement
$2,862,400
Land market value
$206,300
Improvement market value
$2,862,400
Total market value
$3,068,700
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Lease
Year built
2021
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
20,343 SF
Lot
0.33 ac (14,375 SF)
Zoning code
UMX
APN
R05407-028-001-000
UPID
US53-4615448
Jurisdiction
NEW HANOVER
Zoning & alternative use
UMX · Wilmington, NC
Zoning UMX · permitted uses
UMX · 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
2021
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
The Ardmore LLC
Entity
Mailing address
18 PALMETTO DR, WRIGHTSVILLE BEACH, NC 28480-5017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
The Ardmore LLC
Pbw Holdings LLC
Deed
$3,100,000 · First National Bank Of Pennsylvania
Dec 9, 2020
—
Pbw Holdings LLC
—
Deed Of Trust
related
$2,550,000 · First Nat'l Bk/pa
Jan 31, 2020
$165,000
Pbw Hldgs LLC
Jej Invs LLC
Warranty Deed
—
Nov 2, 2017
$237,000
Jej Investments LLC
New Hanover Cnty Alcoholic Bev
Warranty Deed
$48,500 · Pawpaw LLC
Dec 28, 2007
$200,000
New Hanove Cnty Alcohol Bevera
Whitted Laverne D
Warranty Deed
—
—
—
Jej Investments LLC
—
Deed Of Trust
related
$100,000 · Firstbank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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