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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Warehouses
5019 Carolina Bch Rda, Wilmington, NC 28412-7841
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2110881
Property summary
AI-generated overview
This exceptional flex space, located at 5019 Carolina Beach Road, Unit B, in the vibrant Monkey Junction submarket of New Hanover County, presents a unique investment opportunity. The property boasts a total of 34,040 square feet across six single-story buildings, situated on a generous 3.93-acre lot. Currently, 6,250 square feet of retail space is available for lease, offering immediate occupancy. Built in 1982 and renovated in 1985, the property is classified as Class B and benefits from a prominent 210-foot frontage on Carolina Beach Road, a high-traffic artery with an average daily traffic count of 33,500 vehicles. The B-2 zoning designation by New Hanover County allows for a diverse range of commercial uses, providing flexibility for potential tenants. The property's location within the thriving Monkey Junction area ensures high visibility and accessibility. The parcel's APN is R07100-003-026-000. This is an excellent opportunity to secure a well-located, versatile commercial space in a rapidly growing area. The available space offers significant potential for a variety of businesses seeking a high-traffic location with ample space and convenient access. The property's existing infrastructure and flexible zoning make it an ideal choice for a range of commercial ventures.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
STEEL FRAME
Total area
9,600 SF
Lot
3.92 ac (170,929 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R07100-003-026-000
UPID
US53-2110881
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
-
BMT Micro (Bike/Boat/Book/etc) Store Corporate Office
-
Paradise Lawn & Landscape Landscaping General Contractor
-
Monkey Junction Crossfit Gym & Fitness Center
-
Junction Warehouse Center Storage Facility
-
SF Ballou Pool Division Swimming Pool Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
C & D Group Of Wilmington INC · 16 yrs held
C & D Group Of Wilmington INC
since 2009
4 recorded transactions
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+10.6%
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%
$1,980,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,370,000
Current use
RETAIL STORES
$2,620,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,180,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±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
$167 / 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
$18,469
Tax year 2024
Assessed value
$3,189,200
Assessed 2024
Previous assessed
$3,189,200
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$1,532,400
Assessed improvement
$1,656,800
Land market value
$1,532,400
Improvement market value
$1,656,800
Total market value
$3,189,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
6
Stories
1
Units
1
Bathrooms
1
Total area
9,600 SF
Lot
3.92 ac (170,929 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R07100-003-026-000
UPID
US53-2110881
Jurisdiction
NEW HANOVER
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Zoning B-2,BUSINESS DISTRICT · permitted uses
B-2,BUSINESS DISTRICT · 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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
C & D Group Of Wilmington INC
Entity
Mailing address
5009 CAROLINA BCH RD, WILMINGTON, NC 28412-7841
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Sep 28, 2009
—
C & D Group Of Wilmington INC
—
Trustees Deed
related
$150,000 · Suntrust Bank NA
—
—
Terra Nova Of Wilmington LLC
—
Deed Of Trust
related
$1,155,000 · Td Bank NA
—
—
Terra Nova Of Wilmington LLC
—
Deed Of Trust
related
$2,200,000 · Suntrust Bank NA
—
—
Liberty Homes Buildings INC
—
Deed Of Trust
related
$205,981 · Liberty Properties
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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