Property profile

611 Frnt St Wilmington, NC 28401

OFF-MARKET
Commercial real estate
Property ID
US53-1582555
978 SF 0.38 ac lot Built 1890
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1890
Total area 978 SF
Lot 0.38 ac (16,553 SF)
Zoning code UMX
APN R05409-016-006-000
UPID US53-1582555

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

611 Frnt St Wilmington, NC 28401-5033
Wilmington metro Census 11300 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2018
1 recorded transaction
2018
$355,000

Zoning & alternative use

UMX · Wilmington, NC
Zoning description

ustrial District. Sec. 18-200. - AI, Airport Industrial District. Sec. 18-201. - CEM, Cemetery District. Sec. 18-202. - RFMU, Riverfront Mixed Use District. Sec. 18-203. - RO, Residential Office District. Sec. 18-204. -…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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