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Property profile & analytics
OFF-MARKET
Retail space
708 17th St Wilmington, NC 28401-5517
Entity Owned
~
Est. High Equity
Property ID
US53-5452951
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
CONCRETE
Total area
1,710 SF
Lot
0.11 ac (4,704 SF)
Zoning code
UMX
APN
R05411-011-003-000
UPID
US53-5452951
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
-
EastCoast LA Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Whole Water Solutions Home Appliance Store Building Supply
-
Hello! Realty Real Estate Agency
-
After Seven Barbershop Lounge Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Choufani & Bailey Ventures LLC
Choufani & Bailey Ventures LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
UMX · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,023
Tax year 2023
Assessed value
$357,800
Assessed 2023
Previous assessed
$357,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$158,600
Assessed improvement
$199,200
Land market value
$158,600
Improvement market value
$199,200
Total market value
$357,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
1,710 SF
Lot
0.11 ac (4,704 SF)
Zoning code
UMX
APN
R05411-011-003-000
UPID
US53-5452951
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.
Building & site characteristics
From public records
Year built
1945
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Choufani & Bailey Ventures LLC
Entity
Mailing address
PO BOX 4812, WILMINGTON, NC 28406-1812
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$1,575,000
Choufani & Bailey Ventures LLC
Modern Urban Development LLC
Warranty Deed
—
Apr 15, 2021
$391,000
Brella LLC
Thomas C Crossland SR.
Warranty Deed
—
Apr 15, 2021
$416,000
Modern Urban Development LLC
Brella LLC
Warranty Deed
—
Dec 18, 2018
—
Crossland Thomas SR.
—
Deed
related
$36,800 · Us Small Busn Admn
Oct 24, 2011
$76,000
Thomas Crossland SR.
Bayview Ln Svcg
Grant Deed
$64,600 · First Citizens Bank & Trust Co
Jun 1, 2010
$199,000
Bayview Ln Svcg
Simpson David A
Trustees Deed
—
Sep 4, 2007
$300,000
Christopher M Hines
Martin,lewis G
Warranty Deed
$240,000 · Lnb Commercial Capital Corp
—
—
Crossland Thomas SR.
—
Deed Of Trust
related
$36,800 · Us Small Busn Admn
—
—
Thomas Crossland SR.
—
Deed Of Trust
related
$35,000 · First Citizens Bank & Trust Co
—
—
Thomas C Crossland
—
Deed Of Trust
related
$191,000 · First Citizens Bk
—
—
Thomas C Crossland
—
Deed Of Trust
related
$106,300 · First Citizens Bank & Trust Co
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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