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Property profile & analytics
FOR LEASE
Medical Office Space
5245 South College Rd, Wilmington, NC 28412
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-0832321
For Lease
1 / 3
$1,005,000
5245 South College Rd, Wilmington, NC 28412
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2001
Construction
CONCRETE
Total area
4,754 SF
Lot
1.39 ac (60,548 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R07600-002-065-000
UPID
US53-0832321
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
-
MARTHA LEE LJUNG Physician
-
Medac Urgent Care (Monkey Junction) Medical Clinic
-
Michelle Lilly Physician
-
Urgent Care Group Pediatrician Physician
-
Pamela Rogers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.01M
Owner & transaction history
Rtg Of Wilmington LLC · 13 yrs held
Rtg Of Wilmington LLC
since 2013
7 recorded transactions
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+7.0%
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%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,440,000
Current use
OFFICE BUILDING
$1,545,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,355,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,295,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,175,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$211 / 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
$2,129
Tax year 2023
Assessed value
$1,572,800
Assessed 2023
Previous assessed
$1,572,800
+0.0% YoY
Effective rate
0.14%
On assessed value
Assessed land
$509,400
Assessed improvement
$1,063,400
Land market value
$509,400
Improvement market value
$1,063,400
Total market value
$1,572,800
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
4,754 SF
Lot
1.39 ac (60,548 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R07600-002-065-000
UPID
US53-0832321
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
MEDICAL BUILDING Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.39 ac
Current owner
From public records · entity-resolved
Rtg Of Wilmington LLC
Entity
Mailing address
216 CENTERVIEW DR STE #100, BRENTWOOD, TN 37027-3226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2013
$1,200,000
Rtg Of Wilmington LLC
Cape Fear Medical Center LLC
Warranty Deed
$50,000 · Cape Fear Medical Center LLC
Jan 20, 2006
—
Cape Fear Medical Center LLC
—
Trustees Deed
related
$189,000 · Port City Capital Bank
—
—
Cape Fear Medical Center LLC
—
Deed Of Trust
related
$1,015,000 · Suntrust Bank NA
—
—
Cape Fear Medical LLC
—
Deed Of Trust
related
$2,176,000 · Woodland Bank
—
—
Cape Fear Medical Center LLC
—
Deed Of Trust
related
$286,000 · Woodland Bank
—
—
Rtg Of Wilmington LLC
—
Deed Of Trust
related
$300,000 · First South Bk
—
—
Cape Fear Medical Center LLC
—
Deed Of Trust
related
$969,000 · Suntrust Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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