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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Manufacturing properties
6740 Netherlands Dr, Wilmington, NC 28405-4707
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-0155067
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
2000
Construction
STEEL FRAME
Total area
9,000 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R04316-004-011-000
UPID
US53-0155067
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
-
Orbita Watchwinders (Bike/Boat/Book/etc) Store
-
Urban Design Architect Pa Architect Construction Company
-
Gaylor Inc of Nc Electrical Service General Contractor
-
Creative Stitches Production Facility Textile Manufacturer
-
Milam & Ballard General Contractor Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$940k
Owner & transaction history
Lampkin Property Mgmt LLC · 20 yrs held
Lampkin Property Mgmt LLC
since 2005
4 recorded transactions
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+58.0%
Retail stores
$1.2M
+30.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$880,000
Current use
COMMERCIAL (GENERAL)
$1,395,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,150,000
Change: +30% · Conversion: Moderate
MEDICAL BUILDING
$800,000
Change: -9% · Conversion: Difficult
RESTAURANT
$795,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
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
$104 / 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
$4,954
Tax year 2024
Assessed value
$840,700
Assessed 2024
Previous assessed
$840,700
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$186,200
Assessed improvement
$654,500
Land market value
$186,200
Improvement market value
$654,500
Total market value
$840,700
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
9,000 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R04316-004-011-000
UPID
US53-0155067
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
INDUSTRIAL (GENERAL) Current
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$800,000
RESTAURANT
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$785,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lampkin Property Mgmt LLC
Entity
Mailing address
6740 NETHERLANDS DR, WILMINGTON, NC 28405-4707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Aug 11, 2005
$640,000
Lampkin Property Mgmt LLC
Dutch Center LLC
Warranty Deed
$640,000 · Suntrust Bank NA
—
—
Lampkin Property Mgmt LLC
—
Deed Of Trust
related
$1,810,000 · Branch Banking & Trust Co
—
—
Lampkin Property Mgmt LLC
—
Deed Of Trust
related
$800,000 · Park Sterling Bank
—
—
Lampkin Property Mgmt LLC
—
Deed Of Trust
related
$200,000 · Suntrust Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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