Property profile

518 Mercer Ave Wilmington, NC 28403

OFF-MARKET
Auto shops
Property ID
US53-1151878
4,000 SF 0.63 ac lot Built 2004
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2004
Construction STEEL FRAME
Total area 4,000 SF
Lot 0.63 ac (27,443 SF)
Zoning code CS,COMMERCIAL SERVICE
APN R05505-002-045-000
UPID US53-1151878

Cap rate & NOI

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

Location

518 Mercer Ave Wilmington, NC 28403-2546
Wilmington metro Census 10400 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2024
Price N/A

Zoning & alternative use

CS,COMMERCIAL SERVICE · 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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