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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Strip malls
5637 Carolina Bch Rd, Wilmington, NC 28412-2609
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2329107
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Construction
CONCRETE
Total area
21,580 SF
Lot
4.46 ac (194,495 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R07614-001-006-000
UPID
US53-2329107
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
-
United States Postal Service Post Office Logistics Service
-
Alterra Retail, LLC Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$4.00M
Owner & transaction history
Ac Wilmington LLC · 1 yrs held
Ac Wilmington LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+37.5%
Auto repair, garage
$6.2M
+29.4%
Retail stores
$5.9M
+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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$3,805,000
6.5%
$3,510,000
7%
$3,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,760,000
Current use
MEDICAL BUILDING
$6,545,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,160,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$5,885,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$5,320,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Oct 16 2024)
Last sale anchor
$4.00M
Oct 16 2024
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
$185 / 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
$17,872
Tax year 2023
Assessed value
$2,898,500
Assessed 2023
Previous assessed
$2,898,500
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$1,244,400
Assessed improvement
$1,654,100
Land market value
$1,244,400
Improvement market value
$1,654,100
Total market value
$2,898,500
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
1976
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
21,580 SF
Lot
4.46 ac (194,495 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R07614-001-006-000
UPID
US53-2329107
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
1976
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
4.46 ac
Current owner
From public records · entity-resolved
Ac Wilmington LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2825 SS BLVD STE #300, CHARLOTTE, NC 28209-1920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Mar 17, 2026
—
Ac Wilmington LLC
—
Deed
related
$3,228,000 · United Community Bank
Oct 16, 2024
$4,000,000
Ac Wilmington LLC
Come Rain Or Come Shine LLC
Special Warranty Deed
—
Sep 18, 2024
—
Come Rain Or Come Shine LLC
Jff Properties LLC
Deed
—
Sep 28, 2023
—
Come Rain Or Come Shine LLC
Jonathan Andrews Freeman
Special Warranty Deed
—
Jan 5, 2023
—
Come Rain Or Shine LLC
Jonathan Andrews Freeman
Special Warranty Deed
—
Jan 20, 2012
—
Freeman Joseph F JR Trust
Jff Properties LLC
Quit Claim Deed
related
—
Dec 15, 2008
—
Jeff Properties LLC
Freeman,joseph F JR
Warranty Deed
related
—
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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