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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Retail space
7230 Wrightsville Ave Wilmington, NC 28403-7223
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1972984
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
1,352 SF
Lot
0.24 ac (10,498 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R05714-008-010-000
UPID
US53-1972984
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
-
Got Shade Beach Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Carl And Sam LLC · 2 yrs held
Carl And Sam LLC
since 2024
Last sale
$736,000
7 recorded transactions
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$475,000
+32.2%
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
$735,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $736k (May 3 2024)
Last sale anchor
$736k
May 3 2024
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
$544 / 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
$4,894
Tax year 2023
Assessed value
$579,200
Assessed 2023
Previous assessed
$579,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$442,600
Assessed improvement
$136,600
Land market value
$442,600
Improvement market value
$136,600
Total market value
$579,200
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
1960
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,352 SF
Lot
0.24 ac (10,498 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R05714-008-010-000
UPID
US53-1972984
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
Est. value
$475,000
OFFICE BUILDING
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Carl And Sam LLC
Entity
Mailing address
8142 TALL TIMBER DR, GAINESVILLE, VA 20155-1746
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$736,000
Carl And Sam LLC
Office 7230 LLC
Special Warranty Deed
—
Jul 22, 2022
—
Office 7230 LLC
—
Deed
related
$150,000 · Frannk Adamek Traditional Ira
May 5, 2022
—
Office 7230 LLC
—
Deed
related
$22,500 · Hatteras Holdings LLC
Apr 12, 2022
—
Office 7230 LLC
Laura Harris Head
Re-recorded Document
related
—
Apr 8, 2022
—
Office 7230 LLC
Laura Harriss Head
Warranty Deed
—
Jul 14, 2021
—
Laura Hariss Vernon
—
Deed
related
$25,000 · King Management LLC
Mar 4, 2021
—
Laura Hariss Vemon
—
Deed
related
$50,000 · King Managment LLC
Jun 14, 2018
—
Laura H Head
—
Deed
related
$20,000 · King Management LLC
Jan 30, 2018
—
Laura H Head
—
Deed
related
$20,000 · King Mgmt LLC
Oct 3, 2017
—
Laura H Head
Head Charles V
Quit Claim Deed
related
$40,000 · King Mgmt LLC
—
—
Laura H Head
—
Deed Of Trust
related
$20,000 · King Mgmt LLC
—
—
Laura H Head
—
Deed Of Trust
related
$20,000 · King Management LLC
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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