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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
621 Greenfield St, Wilmington, NC 28401-7839
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2004714
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
WOOD FRAME
Total area
1,748 SF
Lot
0.05 ac (2,091 SF)
Zoning code
UMX
APN
R05417-007-005-003
UPID
US53-2004714
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
-
Bozeat Junk Hauling General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$335k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Outrageously Superfluous Entity Hol · 3 yrs held
Outrageously Superfluous Entity Hol
since 2023
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
UMX · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+22.2%
Medical building
$570,000
+10.9%
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
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$360,000
6.5%
$335,000
7%
$310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
OFFICE BUILDING
$625,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$570,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$510,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$500,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $525k (Apr 21 2023)
Last sale anchor
$525k
Apr 21 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
$295 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$657
Tax year 2024
Assessed value
$75,500
Assessed 2024
Previous assessed
$66,600
+13.4% YoY
Effective rate
0.87%
On assessed value
Assessed land
$22,300
Assessed improvement
$53,200
Land market value
$22,300
Improvement market value
$53,200
Total market value
$75,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,748 SF
Lot
0.05 ac (2,091 SF)
Zoning code
UMX
APN
R05417-007-005-003
UPID
US53-2004714
Jurisdiction
NEW HANOVER
Zoning & alternative use
UMX · Wilmington, NC
Zoning UMX · permitted uses
UMX · 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
WAREHOUSE, STORAGE Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$625,000
MEDICAL BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$500,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Outrageously Superfluous Entity Hol
Individual
Mailing address
1414 S 7TH ST, WILMINGTON, NC 28401-6302
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
$525,000
Outrageously Superfluous Entity Hol
Coastal K & D LLC
Warranty Deed
$350,000 · First Bank
Aug 20, 2019
—
Coastal K & D LLC
—
Deed
related
$168,000 · First Bk
Aug 10, 2018
$65,000
Coastal K & D LLC
Sikes,jewell S W
Warranty Deed
—
—
—
Coastal K & D LLC
—
Deed Of Trust
related
$168,000 · First Bk
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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