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    Property profile & analytics

    6505 Market St Wilmington, NC 28405-3732

    • Parking lots & garages
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US53-0870751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lloyd's Wilmington Used Autos / Used Car Dealer / Car Dealer
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • Lloyd's Sales & Storage / Truck Rental Agency / Self-Storage Facility

    Property Details for 6505 Market St

    Lot size
    0.95 lot acres
    Zone code
    RB,REGIONAL BUSINESS
    Property type
    Parking lots & garages
    APN
    R04319-001-010-000
    APU
    R04319001010000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $380,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $380,000
      Mixed-Use
      $350,000
      Hospitality
      $330,000
      Educational
      $330,000
      Residential Income
      $310,000
      Energy
      $345,000
      Income-Based Land
      $315,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.841
    Latitude
    34.257
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $465,500
    $0.00
    $465,500
    -
    $465,500
    $0.00
    $465,500

    Comparable in this City

    • Value Estimation
      $285,000
      0.80 Acres

      15 Grn Mdws Dr

      PARKING GARAGE, PARKING STRUCTURE • 0.80 Acres
      15 Grn Mdws Dr, Wilmington, NC 28405-3724
      View Details
    • Value Estimation by Request
      0.64 Acres

      Wilmington, NC 28405

      PARKING GARAGE, PARKING STRUCTURE • 0.64 Acres
      Wilmington, NC 28405
      View Details
    • Value Estimation by Request
      0.78 Acres

      5615 Market St

      PARKING GARAGE, PARKING STRUCTURE • 0.78 Acres
      5615 Market St, Wilmington, NC 28405-3511
      View Details
    • Value Estimation
      $335,000
      0.24 Acres

      1206 23rd St

      PARKING GARAGE, PARKING STRUCTURE • 0.24 Acres
      1206 23rd St, Wilmington, NC 28405-1810
      View Details
    • Value Estimation
      $305,000
      1.54 Acres

      315 Judges Rd

      PARKING GARAGE, PARKING STRUCTURE • 1.54 Acres
      315 Judges Rd, Wilmington, NC 28405
      View Details
    • Value Estimation by Request
      12,300 SF

      2535 Blue Clay Rd

      VEHICLE SALES, RENTALS • 12,300 SF
      2535 Blue Clay Rd, Wilmington, NC 28405-8611
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      New construction 7-Eleven located in Wilmington's commercial corridor.
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      Fully leased retail property with long-term leases available for sale.
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    Similar Nearby for Lease

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      Retail space available with high traffic and excellent access.
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      Retail space available for lease in Cardinal Trade Center.
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      Retail or bar space available on Market Street.
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    • $16 SF/Yr
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      Wilmington Commercial Space For Lease

      Up to 58,005 SF available in high-traffic Wilmington corridor.
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    • $8,999,900
      11,544 SF

      Wilmington Commercial Development Opportunity

      8.56 acres with 11,544 sqft building for lease.
      5601 Market St, Wilmington, NC 28405
      View Details
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    6505 Market St
    Wilmington, NC 28405-3732
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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