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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Office Spaces
710 Military Cutoff Rd 2B Wilmington, NC 28405-2375
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-2321000
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
3,398 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R05100-004-003-008
UPID
US53-2321000
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
-
Sharon S. Giesler, DDS, MS, PA Dental Office
-
Kimberly S. Adams, PsyD Physician
-
Wilmington's Big Talker - WFBT 106.7 FM Radio Station Telecommunications Service
-
Katherine Nolan, MD Physician Medical Clinic
-
Wilmington Dermatology Center Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$995k
Owner & transaction history
Doulos Management LLC · 18 yrs held
Doulos Management LLC
since 2008
2 recorded transactions
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+22.5%
Auto repair, garage
$970,000
+15.3%
Retail stores
$925,000
+10.2%
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%
$765,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$840,000
Current use
MEDICAL BUILDING
$1,030,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$970,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$840,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: -6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$293 / 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
Assessed value
$814,100
Assessed 2023
Previous assessed
$814,100
+0.0% YoY
Assessed improvement
$814,100
Improvement market value
$814,100
Total market value
$814,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,398 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R05100-004-003-008
UPID
US53-2321000
Jurisdiction
NEW HANOVER
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
Zoning CB,COMMUNITY BUSIN · permitted uses
CB,COMMUNITY BUSIN · 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
OFFICE BUILDING Current
Est. value
$840,000
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$970,000
RETAIL STORES
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Doulos Management LLC
Entity
Free & Clear · 18 yrs held
Mailing address
710 MILITARY CUTOFF RD STE #200, WILMINGTON, NC 28405-2374
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2008
—
Doulos Management LLC
—
Trustees Deed
related
$378,947 · First Citizens Bank & Trust Co
Jul 9, 2008
$1,151,000
Doulos Management LLC
Mayfaire Station LLC
Grant Deed
—
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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