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Property profile & analytics
OFF-MARKET
Estimated value
$7,365,000
Grocery and convenience stores
805 Pne Grv Dr Wilmington, NC 28409-5601
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1044793
Property summary
AI-generated overview
This exceptional Class A retail property, located in the heart of Wilmington, NC, offers 46,209 square feet of versatile space ideal for a single tenant. The property sits on a 4.67-acre lot and boasts 125 designated parking spaces, ensuring convenient access for customers. Its prime location guarantees high foot traffic and excellent visibility, making it an attractive opportunity for businesses seeking a strong presence in a bustling area. The property's size and layout provide ample room for a variety of retail uses. The property's address is 805 Pine Grove. A Department of Transportation project is anticipated to begin in late 2024, pending funding. This project is expected to further enhance the area's accessibility and visibility. The property's parcel number is R06116-003-002-002. This is a single-tenant property.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
CONCRETE
Total area
46,209 SF
Lot
4.79 ac (208,435 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R06116-003-002-002
UPID
US53-1044793
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
-
Lowes Foods on Pine Grove Drive Bakery Specialty Food Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
ATM Atm
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.02M
Comparable Approach
Comparable
$9.81M
Blend (final)
Blend
$7.37M
Owner & transaction history
Golden Ventures III LLC
Golden Ventures III LLC
since 2025
3 recorded transactions
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NC
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%
$7,600,000
6.5%
$7,015,000
7%
$6,515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,395,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,500,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$7.37M
Range $6.63M – $8.10M · ±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
$159 / 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
$49,479
Tax year 2023
Assessed value
$5,855,500
Assessed 2023
Previous assessed
$5,855,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$468,200
Assessed improvement
$5,387,300
Land market value
$468,200
Improvement market value
$5,387,300
Total market value
$5,855,500
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
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
46,209 SF
Lot
4.79 ac (208,435 SF)
Zoning code
CB,COMMUNITY BUSIN
APN
R06116-003-002-002
UPID
US53-1044793
Jurisdiction
NEW HANOVER
Zoning & alternative use
CB,COMMUNITY BUSIN · Wilmington, NCZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.5M
WAREHOUSE, STORAGE
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
2001
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
4.79 ac
Current owner
From public records · entity-resolved
Golden Ventures III LLC
Entity
Mailing address
1905 MYRON DR, RALEIGH, NC 27607-3355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$5,000,000
Golden Ventures III LLC
Liles Enterprises INC
Special Warranty Deed
$4,000,000 · First Bank
Nov 17, 2025
—
Golden Ventures III LLC
Liles Enterprises INC
Quitclaim Deed
related
—
—
—
Liles Ents INC
—
Deed Of Trust
related
$5,500,000 · Ge Com'l Finance Business Prop
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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