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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Medical Office Space
8115 Market St 1A, Wilmington, NC 28411-8427
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2370776
Property summary
AI-generated overview
This premier three-story, 60,000-square-foot Class A office condominium building in Wilmington, NC's desirable Porters Neck submarket offers exceptional visibility and accessibility. Located at 8115 Market Street, it boasts direct access and proximity to Bayshore Commons Shopping Center, ensuring high traffic flow. The building, constructed in 2006, features a modern design by architect Michael Kersting, including three stairwells and two elevators servicing all three floors. Ample parking is provided with approximately 238 spaces. The property is zoned B-2 within New Hanover County and has an estimated annual TICAM of $3.75 per square foot. Currently, the building houses a strong tenant roster including Medac, EmergeOrtho, and Benjamin Friberg, DDS, PLLC. Flexible lease and purchase options are available, with a minimum divisible space of 3,449 square feet and a maximum contiguous space of 7,523 square feet. A total of 15,874 square feet is currently vacant. One specific unit, Space 2C-X, is available for purchase at $595,000. The property sits on a 3.9-acre lot.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2005
Total area
5,368 SF
Zoning code
B-2,BUSINESS DISTRICT
APN
R03600-003-124-001
UPID
US53-2370776
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
-
Connect(x) HealthWare (Bike/Boat/Book/etc) Store Corporate Office
-
Talley Brian C DDS Dental Office
-
Provis Media Marketing & Advertising
-
Medac Urgent Care (Porters Neck) Medical Clinic
-
Thrive Family Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.84M
Owner & transaction history
Godusi Holdings LLC · 4 yrs held
Godusi Holdings LLC
since 2022
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+32.8%
Office building
$1.7M
+7.0%
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
$2,210,000
ML approach
$2,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,630,000
Current use
RESTAURANT
$2,160,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$1,745,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,530,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,465,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,325,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $1.80M (Jun 15 2022)
Last sale anchor
$1.80M
Jun 15 2022
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
$343 / 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
$3,791
Tax year 2023
Assessed value
$725,500
Assessed 2023
Previous assessed
$725,500
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed improvement
$725,500
Improvement market value
$725,500
Total market value
$725,500
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,368 SF
Zoning code
B-2,BUSINESS DISTRICT
APN
R03600-003-124-001
UPID
US53-2370776
Jurisdiction
NEW HANOVER
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Zoning B-2,BUSINESS DISTRICT · permitted uses
B-2,BUSINESS 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
MEDICAL BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Current owner
From public records · entity-resolved
Godusi Holdings LLC
Entity
Mailing address
2505 S 17TH ST, WILMINGTON, NC 28401-7705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jun 15, 2022
$1,800,000
Godusi Holdings LLC
Seamist Management LLC
Special Warranty Deed
$1,440,000 · First Citizens Bank & Trust Co
Dec 31, 2012
—
Seamist Management LLC
Medac Health Services Pa
Warranty Deed
related
—
—
—
Seamist Management INC
—
Deed Of Trust
related
$2,077,000 · First Citizens Bk & Tr Co
—
—
Seamist Management LLC
—
Deed Of Trust
related
$150,000 · Pnc 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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