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Property profile & analytics
OFF-MARKET
Estimated value
$21,075,000
Specialty properties
5202 Ringo Dr, Wilmington, NC 28405-3082
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US53-0926764
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1996
Construction
WOOD FRAME
Total area
1,104 SF
Lot
11.01 ac (479,596 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R04900-001-011-000
UPID
US53-0926764
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.08M
Owner & transaction history
Prcp Nc Wilmington Lofts I LLC · 5 yrs held
Prcp Nc Wilmington Lofts I LLC
since 2021
Last sale
$19.8M
4 recorded transactions
Zoning & alternative use
MF-M,MULTI FAM MED DEN · 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
Method
Estimation
Statistic approach
$23,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.08M
Range $18.97M – $23.18M · ±10% · vs last sale $19.80M (Jun 30 2021)
Last sale anchor
$19.80M
Jun 30 2021
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
$19,090 / 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
$86,354
Tax year 2023
Assessed value
$10,219,400
Assessed 2023
Previous assessed
$10,219,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$428,600
Assessed improvement
$9,790,800
Land market value
$428,600
Improvement market value
$9,790,800
Total market value
$10,219,400
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Units
1
Bathrooms
84
Total area
1,104 SF
Lot
11.01 ac (479,596 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R04900-001-011-000
UPID
US53-0926764
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF-M,MULTI FAM MED DEN · Wilmington, NC
Zoning MF-M,MULTI FAM MED DEN · permitted uses
MF-M,MULTI FAM MED DEN · 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
1996
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Bathrooms
84
Lot
11.01 ac
Current owner
From public records · entity-resolved
Prcp Nc Wilmington Lofts I LLC
Entity
Mailing address
525 OKEECHOBEE BLVD STE #1650, WEST PALM BEACH, FL 33401-6327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 30, 2021
$198,000
Prcp Nc Wilmington Lofts I LLC
Lennon Woods Wilmington LLC
Special Warranty Deed
$14,850,000 · Key Bank NA
Oct 23, 2013
—
Lennon Woods Wilmington LLC
Lennon Woods Apartments LLC
Quit Claim Deed
related
—
—
—
Lennon Woods Wilmington LLC
—
Deed Of Trust
related
$28,300,000 · Key Bank NA
—
—
Lennon Woods Apartments LLC
—
Deed Of Trust
related
$6,535,000 · Wachovia Multifamily Capital
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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