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Property profile & analytics
OFF-MARKET
Estimated value
$6,435,000
Grocery and convenience stores
716 Bragg Dr Wilmington, NC 28412-0914
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-0187230
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
45,738 SF
Lot
5.5 ac (239,580 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R06610-006-002-000
UPID
US53-0187230
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
-
Publix Super Market at Pine Valley Specialty Food Shop Supermarket
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Bank of America ATM Atm Financial Consultant
-
Publix Pharmacy at Pine Valley Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.95M
Comparable Approach
Comparable
$5.78M
Blend (final)
Blend
$6.44M
Owner & transaction history
Publix North Carolina LP · 8 yrs held
Publix North Carolina LP
since 2017
5 recorded transactions
Zoning & alternative use
CB,COMMUNITY BUSIN · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,525,000
6.5%
$6,945,000
7%
$6,450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,395,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±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
$141 / 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
$68,199
Tax year 2023
Assessed value
$8,070,900
Assessed 2023
Previous assessed
$8,070,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,108,600
Assessed improvement
$5,962,300
Land market value
$2,108,600
Improvement market value
$5,962,300
Total market value
$8,070,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
45,738 SF
Lot
5.5 ac (239,580 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R06610-006-002-000
UPID
US53-0187230
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
COMMERCIAL (GENERAL)
Est. value
$10.4M
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.5 ac
Current owner
From public records · entity-resolved
Publix North Carolina LP
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
$14,348,500
Publix North Carolina LP
Bragg Road Dev Co LLC
Warranty Deed
—
Aug 14, 2015
—
Bragg Road Dev Co LLC
Gray Bros Holdings LLC
Grant Deed
related
$12,046,000 · Iberiabank
Jun 26, 2014
$800,000
Gray Bros Holdings LLC
Wilson,michael L & Ginger H
Warranty Deed
related
—
Jun 26, 2014
$239,500
Gray Bros Holdings LLC
Tlm Properties LLC
Warranty Deed
related
$562,250 · Bank Of America
Mar 17, 2006
$324,500
Linda J Wilson
Wilson Lawrence A Trust
Warranty Deed
related
—
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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