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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Auto shops
6505 Windmill Way, Wilmington, NC 28405-3744
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0133957
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
STEEL FRAME
Total area
4,000 SF
Lot
1.01 ac (44,126 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R04319-004-005-000
UPID
US53-0133957
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
-
Motioneering Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$950k
Owner & transaction history
Murphy Property Group LLC · 2 yrs held
Murphy Property Group LLC
since 2024
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+6.3%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,140,000
Current use
MEDICAL BUILDING
$1,215,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$985,000
Change: -14% · Conversion: Easy
COMMERCIAL (GENERAL)
$930,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (May 24 2024)
Last sale anchor
$950k
May 24 2024
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
$238 / 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
$1,984
Tax year 2023
Assessed value
$342,200
Assessed 2023
Previous assessed
$342,200
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$189,500
Assessed improvement
$152,700
Land market value
$189,500
Improvement market value
$152,700
Total market value
$342,200
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,000 SF
Lot
1.01 ac (44,126 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R04319-004-005-000
UPID
US53-0133957
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Wilmington, NC
Zoning I-1,INDUSTRIAL DISTRICT · permitted uses
I-1,INDUSTRIAL 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$930,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Murphy Property Group LLC
Entity
Mailing address
7421 SPYGLASS WAY, RALEIGH, NC 27615-5480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
$950,000
Murphy Property Group LLC
Thomas Mcgary
Special Warranty Deed
$728,000 · Townebank
Mar 31, 2009
$345,000
Thomas Mcgary
Baker Roderick R
Grant Deed
$272,000 · Branch Banking & Trust Co
Dec 8, 2005
$200,000
Roderick R Baker
Baker,billy R
Warranty Deed
related
$200,000 · Bank Of Wilmington
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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