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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Strip malls
5500 Market St, Wilmington, NC 28405-3974
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1114505
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
STEEL FRAME
Total area
24,635 SF
Lot
1.9 ac (82,590 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05009-005-023-000
UPID
US53-1114505
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
-
Adam & Eve Stores (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Club Champion Golf Course (Bike/Boat/Book/etc) Store
-
The Computer Warriors, Inc. Computer & Electronic Repair
-
Loud Music Company (Bike/Boat/Book/etc) Store
-
Cape Fear Food & Wine Club, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.23M
CAP Approach
CAP
$4.01M
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$5.09M
Owner & transaction history
Accord Holdings Group IV LLC · 4 yrs held
Accord Holdings Group IV LLC
since 2022
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.5M
+37.5%
Auto repair, garage
$7.0M
+29.4%
Retail stores
$6.7M
+23.6%
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
$6,035,000
ML approach
$6,230,000
CAP Approach
CAP Return
Estimation
6%
$4,340,000
6.5%
$4,010,000
7%
$3,720,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,435,000
Current use
MEDICAL BUILDING
$7,475,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,035,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$6,720,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$6,100,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,075,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±10% · vs last sale $4.92M (May 17 2022)
Last sale anchor
$4.92M
May 17 2022
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
$207 / 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
$27,997
Tax year 2023
Assessed value
$3,313,300
Assessed 2023
Previous assessed
$3,313,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$753,600
Assessed improvement
$2,559,700
Land market value
$753,600
Improvement market value
$2,559,700
Total market value
$3,313,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
7
Total area
24,635 SF
Lot
1.9 ac (82,590 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05009-005-023-000
UPID
US53-1114505
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Zoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.0M
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
7
Lot
1.9 ac
Current owner
From public records · entity-resolved
Accord Holdings Group IV LLC
Entity
Mailing address
102 AUTUMN HALL DR STE #210, WILMINGTON, NC 28403-2057
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Accord Holdings Group IV LLC
—
Deed
related
$190,000 · Townebank
May 17, 2022
—
Accord Holdings Group IV LLC
Alexander Place Shoppes LLC
Quit Claim Deed
related
—
May 17, 2022
$4,919,000
Accord Holdings Group IV LLC
Alexander Place Shoppes LLC
Warranty Deed
$3,500,000 · Townebank
Jun 30, 2014
$1,862,000
Alexander Place Shoppes LLC
Pods Ventures LLC
Grant Deed
—
Apr 14, 2014
$3,200,000
Pods Ventures LLC
Carter James O
Trustees Deed
—
Jan 18, 2008
$5,445,000
Promenade Partners LLC
Pointe At North Market LLC
Deed Of Trust
related
$5,200,000 · Trustatlantic Bank
—
—
Andrew L Nixon
—
Deed Of Trust
related
$148,131 · Citifinancial Services INC
—
—
Renee A Stevens
—
Deed Of Trust
related
$15,682 · Citifinancial Services INC
—
—
George F Pellom
—
Deed Of Trust
related
$127,556 · Citifinancial Services INC
—
—
David L Johnson
—
Deed Of Trust
related
$122,936 · Citifinancial Services INC
—
—
Pointe Of North Market LLC
—
Deed Of Trust
related
$325,000 · Suntrust Bank NA
—
—
William W Powell
—
Deed Of Trust
related
$143,304 · Citifinancial Services INC
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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