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Property profile & analytics
OFF-MARKET
Estimated value
$8,125,000
Assisted living facilities
809 John D Barry Dr Wilmington, NC 28412-0983
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1029190
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
WOOD FRAME
Total area
24,368 SF
Lot
3.51 ac (152,896 SF)
Zoning code
R-15,RESIDENTIAL DISTRICT
APN
R06614-005-045-000
UPID
US53-1029190
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
-
Spring Arbor of Wilmington Nursing Home Retirement Community
-
Kimberly Smiley Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.13M
Owner & transaction history
Nhi-reit Of LLC · 1 yrs held
Nhi-reit Of LLC
since 2024
Last sale
$8.1M
4 recorded transactions
Zoning & alternative use
R-15,RESIDENTIAL DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+282.6%
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
$8,125,000
ML approach
$8,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,365,000
Change: +283% · Conversion: Difficult
Blend value · Realmo final
$8.13M
Range $7.31M – $8.94M · ±10% · vs last sale $8.12M (Oct 15 2024)
Last sale anchor
$8.12M
Oct 15 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
$333 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$3,281,900
Assessed 2023
Previous assessed
$3,281,900
+0.0% YoY
Assessed land
$212,800
Assessed improvement
$3,069,100
Land market value
$212,800
Improvement market value
$3,069,100
Total market value
$3,281,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
26
Bathrooms
42
Total area
24,368 SF
Lot
3.51 ac (152,896 SF)
Zoning code
R-15,RESIDENTIAL DISTRICT
APN
R06614-005-045-000
UPID
US53-1029190
Jurisdiction
NEW HANOVER
Zoning & alternative use
R-15,RESIDENTIAL DISTRICT · Wilmington, NC
Zoning R-15,RESIDENTIAL DISTRICT · permitted uses
R-15,RESIDENTIAL DISTRICT · 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
$5.4M
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
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
26
Bathrooms
42
Lot
3.51 ac
Current owner
From public records · entity-resolved
Nhi-reit Of LLC
Entity
Mailing address
222 S ROBERT ROSE DR, MURFREESBORO, TN 37129-6346
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
$8,124,000
Nhi-reit Of LLC
Spring Arbor Wilmington Nc Landlord
Special Warranty Deed
—
Jun 2, 2022
$3,150,000
Spring Arbor Wilmington Nc Landlord
Spring Arbor Wilmington
Special Warranty Deed
$197,467,466 · Capital Funding
Jun 2, 2022
—
Apring Arbor Wiulmington Nc Landlor
Spring Arbor Wilmington
Intrafamily Transfer
related
—
—
—
Spring Arbor-wilmington
—
Deed Of Trust
related
$2,726,600 · Gmac Commercial Mortgage Bank
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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