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    Property profile & analytics

    7246 Wrightsville Ave, Unit 1B Wilmington, NC 28403-7223

    • Office buildings
    • 520 SF
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Mar 16, 2023
    $375,000
    Location Intelligence
    Property ID
    US53-2444516
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Waterway Lodge by Sea Scape Properties / Hotel / Motel
    • Live oak Bank pavilion / Tourist Attraction
    • Waterway Lodge - Unit 110 / Vacation Home Rental Agency
    • Wrightsville Beach Vacations by Carolina Retreats / Vacation Home Rental Agency

    Property Details for 7246 Wrightsville Ave

    Year built
    1965
    Construction
    CONCRETE
    Property size
    520 SF
    Zone code
    C-5
    Property type
    Office buildings
    APN
    R05714-008-004-026
    APU
    R05714008004026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $380,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $345,000
      Mixed-Use
      $325,000
      Hospitality
      $405,000
      Educational
      $370,000
      Residential Income
      $335,000
      Energy
      $410,000
      Income-Based Land
      $435,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8144
    Latitude
    34.2188
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,374
    $0.00
    $253,300
    $253,300
    -
    $0.00
    $253,300
    $253,300

    Comparable in this City

    • Value Estimation by Request
      33,258 SF

      1612 Military Cutoff Rd

      OFFICE BUILDING • 33,258 SF
      1612 Military Cutoff Rd, Wilmington, NC 28403-5737
      View Details
    • Value Estimation by Request
      560 SF

      102 Old Eastwood Rd Ste C2

      OFFICE BUILDING • 560 SF
      102 Old Eastwood Rd Ste C2, Wilmington, NC 28403-1876
      View Details
    • Value Estimation by Request
      13,914 SF

      5911 Oleander Dr

      OFFICE BUILDING • 13,914 SF
      5911 Oleander Dr, Wilmington, NC 28403-4787
      View Details
    • Value Estimation by Request
      32,261 SF

      1979 Eastwood Rd

      OFFICE BUILDING • 32,261 SF
      1979 Eastwood Rd, Wilmington, NC 28403-7271
      View Details
    • Value Estimation by Request
      29,077 SF

      1985 Eastwood Rd

      OFFICE BUILDING • 29,077 SF
      1985 Eastwood Rd, Wilmington, NC 28403-7208
      View Details
    • Value Estimation by Request
      39,286 SF

      3205 Randall Pkwy

      OFFICE BUILDING • 39,286 SF
      3205 Randall Pkwy, Wilmington, NC 28403-2564
      View Details

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    Similar Nearby for Lease

    • $28 SF/Yr
      33,041 SF

      Class-A Office Space Available

      Class-A office space for lease in Wilmington, NC.
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    • $20 SF/Yr
      261,240 SF

      Wilmington Retail Space Available

      Prime Wilmington retail/office space, flexible layouts.
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    • $28 SF/Yr
      841 SF

      Prime Executive Office Suite

      841 sq ft, 4 rooms, Kent Street
      1901 Kent St, Wilmington, NC 28403
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    • $20 SF/Yr
      11,550 SF

      Midtown Wilmington Office Space

      Prime Office, 3,863+ SF Available
      3408 Wilshire Blvd, Wilmington, NC 28403
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    • $25 SF/Yr
      1,500 SF

      Retail/Office Space Near University

      1,500 SF retail or office space near UNCW.
      4401 Oleander Dr, Wilmington, NC 28403
      View Details
    • $1,600 /Mo
      856 SF

      Corner Office/Retail Space Available

      Flexible 856 SF office/retail space in prime location.
      109 Hinton Ave, Wilmington, NC 28403
      View Details
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    Wilmington, NC 28403-7223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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