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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Auto shops
6020 Oleander Dr, Wilmington, NC 28403-4720
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0972828
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2015
Total area
7,328 SF
Lot
1.7 ac (74,096 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R06207-011-006-000
UPID
US53-0972828
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
-
Wilmington Tire and Auto Auto Repair Shop
-
Landscapes Unique Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$3.94M
Owner & transaction history
Harrell Land Group East LLC · 2 yrs held
Harrell Land Group East LLC
since 2023
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+43.2%
Office building
$2.6M
+22.6%
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
$4,420,000
ML approach
$4,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,995,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$2,565,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10% · vs last sale $4.00M (Sep 5 2023)
Last sale anchor
$4.00M
Sep 5 2023
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
$538 / 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
Assessed value
$1,474,800
Assessed 2023
Previous assessed
$1,474,800
+0.0% YoY
Assessed land
$694,300
Assessed improvement
$780,500
Land market value
$694,300
Improvement market value
$780,500
Total market value
$1,474,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
7,328 SF
Lot
1.7 ac (74,096 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R06207-011-006-000
UPID
US53-0972828
Jurisdiction
NEW HANOVER
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
Zoning CB,COMMUNITY BUSIN · permitted uses
CB,COMMUNITY BUSIN · 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
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.6M
RESTAURANT
OFFICE BUILDING
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
2015
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Harrell Land Group East LLC
Entity
Mailing address
1128 GILLESPIE ST, FAYETTEVILLE, NC 28306-1552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
$4,000,000
Harrell Land Group East LLC
Triple S Virginia LLC
Special Warranty Deed
$3,600,000 · First Citizens Bank & Trust Co
Oct 5, 2016
—
Triple S LLC
—
Deed
related
$865,000 · Business Expansion Fndg
Jun 11, 2015
$600,000
Triple S LLC
Horne,gregory A
Warranty Deed
$1,150,000 · Wells Fargo Bk
May 15, 2015
—
Gregory A Horne
Horne J W Family Trust
Quit Claim Deed
related
—
Apr 23, 2015
—
Gregory A Horne
Horne J W Family Trust
Quit Claim Deed
related
—
Apr 22, 2015
—
Gregory A Horne
Horne Joyce W
Quit Claim Deed
related
—
Feb 13, 2007
—
Horne,joyce W Trust
Horne,joyce W
Quit Claim Deed
related
—
—
—
Triple S LLC
—
Deed Of Trust
related
$865,000 · Business Expansion Fndg
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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