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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Garden apartment buildings
6110 Riverwoods Dr, Wilmington, NC 28412-2898
Entity Owned
19-yr Hold
Absentee Owner
Property ID
US53-1128867
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Total area
106,416 SF
Lot
24.52 ac (1,068,091 SF)
Zoning code
R-15,RESIDENTIAL DISTRICT
APN
R07800-006-184-000
UPID
US53-1128867
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
-
Willow Glen Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.10M
Owner & transaction history
Jbs Point South LLC · 19 yrs held
Jbs Point South LLC
since 2007
4 recorded transactions
Zoning & alternative use
R-15,RESIDENTIAL DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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
$194,527
Tax year 2023
Assessed value
$36,200,800
Assessed 2023
Previous assessed
$36,200,800
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$2,527,200
Assessed improvement
$33,673,600
Land market value
$2,527,200
Improvement market value
$33,673,600
Total market value
$36,200,800
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
24
Total area
106,416 SF
Lot
24.52 ac (1,068,091 SF)
Zoning code
R-15,RESIDENTIAL DISTRICT
APN
R07800-006-184-000
UPID
US53-1128867
Jurisdiction
NEW HANOVER
Zoning & alternative use
R-15,RESIDENTIAL DISTRICT · Wilmington, NC
Zoning R-15,RESIDENTIAL DISTRICT · permitted uses
R-15,RESIDENTIAL 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.
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
24
Lot
24.52 ac
Current owner
From public records · entity-resolved
Jbs Point South LLC
Entity
Mailing address
332 MILITARY CUTOFF RD, WILMINGTON, NC 28405-9735
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2020
—
Point South Properties LLC
—
Deed Of Trust
related
$30,589,000 · Wells Fargo Bk
Jun 27, 2007
$9,557,500
Jbs Point South LLC
Point South Properties LLC
Grant Deed
related
$9,527 · Point South Properties LLC
Nov 7, 2006
$410,000
Kirk Pigford Construction INC
Sanders Road Developers LLC
Warranty Deed
$448,000 · Fnb Southeast
Jul 20, 2005
—
Point South Properties LLC
Rivage Properties LLC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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