Property profile

518 2nd St Wilmington, NC 28401

OFF-MARKET
Garden apartment buildings
Property ID
US53-1508965
4,160 SF 0.62 ac lot Built 1997
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1997
Total area 4,160 SF
Lot 0.62 ac (27,007 SF)
Zoning code CBD,CENTRAL BUS DIST
APN R04716-007-006-001
UPID US53-1508965

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

518 2nd St Wilmington, NC 28401-3367
Wilmington metro Census 11300 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

Zoning & alternative use

CBD,CENTRAL BUS DIST · Wilmington, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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