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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7722 Market St Wilmington, NC 28411-9459

    • Marinas
    • 9,100 SF
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1071470
    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

    • Avalanche Motorsports Wilmington / Boat Dealer
    • Revel 42 Golf Carts - Wilmington / Golf Cart Dealer / Motor Vehicle Dealer

    Property Details for 7722 Market St

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.71 lot acres
    Property size
    9,100 SF
    Zone code
    B-2,BUSINESS DISTRICT
    Property type
    Marinas
    APN
    R03600-005-102-000
    APU
    R03600005102000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8053
    Latitude
    34.2848
    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
    2024
    $5,815
    $332,900
    $706,400
    $1,039,300
    -
    $332,900
    $706,400
    $1,039,300

    Comparable in this City

    • Value Estimation by Request
      11,760 SF

      8118 Market St

      MARINE FACILITY/BOARD REPAIRS • 11,760 SF
      8118 Market St, Wilmington, NC 28411-9386
      View Details
    • Value Estimation
      $590,000
      15,000 SF

      7014 Market St

      MARINE FACILITY/BOARD REPAIRS • 15,000 SF
      7014 Market St, Wilmington, NC 28411-9728
      View Details
    • Value Estimation by Request
      1,680 SF

      7439 Nautica Yacht Clb Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,680 SF
      7439 Nautica Yacht Clb Dr, Wilmington, NC 28411-7276
      View Details
    • Value Estimation
      $690,000
      400 SF

      350 Beaumont Oaks Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 400 SF
      350 Beaumont Oaks Dr, Wilmington, NC 28411-0315
      View Details
    • Value Estimation by Request
      7,093 SF

      6801 Gordon Rd

      VETERINARY, ANIMAL HOSPITAL • 7,093 SF
      6801 Gordon Rd, Wilmington, NC 28411-8468
      View Details
    • Value Estimation
      $905,000
      5,106 SF

      7775 Market St

      VETERINARY, ANIMAL HOSPITAL • 5,106 SF
      7775 Market St, Wilmington, NC 28411-9461
      View Details

    Similar Nearby for Sale

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      Waterfront Lot with Boat Slips

      Residential land with water views and deeded boat slips.
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    • $350,000
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      Undeveloped Wooded Land Parcel

      5.14 acres of undeveloped wooded land for sale.
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      Wilmington Land Ready For Development

      Unimproved land prime for development in Wilmington, North Carolina.
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      Unimproved land in a developing area, prime for rezoning.
      7500-7516 Plantation Rd, Wilmington, NC 28411
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    Similar Nearby for Lease

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      Wilmington Creative Office Space

      Prime Wilmington location, multiple spaces available.
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    • $28 SF/Yr
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      Retail Space in Ogden Center

      Retail space available for lease in established shopping center.
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    • $950 /Mo
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      Executive Office Space For Rent

      Class A office space in Ogden Porters Neck area.
      7627 Market St, Wilmington, NC 28411
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    • $1,300,000

      Retail Pad Near Sheetz Store

      Approximately 1 acre retail pad site for rent.
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    • $24 SF/Yr
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      Porters Neck Office Condos

      Wilmington, NC Office Space Available
      8115 Market St, Wilmington, NC 28411
      View Details
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    7722 Market St
    Wilmington, NC 28411-9459
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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