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    Property profile & analytics

    6612 Gordon Rd Wilmington, NC 28411-8467

    • Garden apartment buildings
    • 41,022 SF
    • 5.58 lot acres
    OFF-MARKET
    Value Estimation
    $915,000
    Last Sale
    May 16, 2024
    Location Intelligence
    Property ID
    US53-1698407
    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

    • Gresham Place Apartments / Apartment Building

    Property Details for 6612 Gordon Rd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    5.58 lot acres
    Property size
    41,022 SF
    Zone code
    R-15,RESIDENTIAL DISTRICT
    Property type
    Garden apartment buildings
    APN
    R04300-007-010-000
    APU
    R04300007010000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $885,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,180,000
      6.5%
      $1,045,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $970,000
      Geo Method
      $1,190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,130,000
      Retail
      $1,320,000
      Mixed-Use
      $1,030,000
      Hospitality
      $1,035,000
      Educational
      $1,125,000
      Residential Income
      $1,160,000
      Energy
      $1,140,000
      Income-Based Land
      $965,000
      Food Service
      $1,055,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8393
    Latitude
    34.2658
    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
    $13,293
    $0.00
    $2,313,200
    $2,313,200
    -
    $0.00
    $2,313,200
    $2,313,200

    Comparable in this City

    • Value Estimation by Request
      69,840 SF

      8435 Whitehill Loop

      GARDEN APT, COURT APT (5+ UNITS) • 69,840 SF
      8435 Whitehill Loop, Wilmington, NC 28411-8517
      View Details
    • Value Estimation by Request
      47,328 SF

      517 Vorils Ln

      GARDEN APT, COURT APT (5+ UNITS) • 47,328 SF
      517 Vorils Ln, Wilmington, NC 28411-4000
      View Details
    • Value Estimation by Request
      33,086 SF

      7910 Market St

      GARDEN APT, COURT APT (5+ UNITS) • 33,086 SF
      7910 Market St, Wilmington, NC 28411-9382
      View Details
    • Value Estimation by Request
      93,888 SF

      8731 Stephens Church Rd

      GARDEN APT, COURT APT (5+ UNITS) • 93,888 SF
      8731 Stephens Church Rd, Wilmington, NC 28411
      View Details
    • Value Estimation by Request
      105,984 SF

      7113 Cpe Hbr Dr

      GARDEN APT, COURT APT (5+ UNITS) • 105,984 SF
      7113 Cpe Hbr Dr, Wilmington, NC 28411-6506
      View Details
    • Value Estimation
      $395,000
      2,432 SF

      112 Mendenhall Dr

      GARDEN APT, COURT APT (5+ UNITS) • 2,432 SF
      112 Mendenhall Dr, Wilmington, NC 28411-9108
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Approximately 1 acre retail pad site for rent.
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      Porters Neck Office Condos

      Wilmington, NC Office Space Available
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    • $7 SF/Yr
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      Office Space in Olive Branch

      Office suite in a wellness-focused business community.
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      View Details
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    Wilmington, NC 28411-8467
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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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