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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Drug stores
8290 Market St Wilmington, NC 28411-9388
Individually Owned
19-yr Hold
Free & Clear
Property ID
US53-1541365
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2006
Total area
14,505 SF
Lot
1.75 ac (76,230 SF)
Zoning code
B-1,BUSINESS DISTRICT
APN
R02800-004-033-000
UPID
US53-1541365
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
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
-
Rebecca I. Force, Pharm Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.96M
Owner & transaction history
Lndg At Porters Neck Oak · 19 yrs held
Lndg At Porters Neck Oak
since 2006
1 recorded transaction
Zoning & alternative use
B-1,BUSINESS DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+19.0%
Medical building
$4.4M
+11.2%
Auto repair, garage
$4.1M
+4.7%
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%
$2,385,000
6.5%
$2,205,000
7%
$2,045,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,955,000
Current use
OFFICE BUILDING
$4,710,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$4,400,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,140,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,580,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,295,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±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
$204 / 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
$23,312
Tax year 2023
Assessed value
$4,344,700
Assessed 2023
Previous assessed
$4,344,700
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$601,500
Assessed improvement
$3,743,200
Land market value
$601,500
Improvement market value
$3,743,200
Total market value
$4,344,700
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
14,505 SF
Lot
1.75 ac (76,230 SF)
Zoning code
B-1,BUSINESS DISTRICT
APN
R02800-004-033-000
UPID
US53-1541365
Jurisdiction
NEW HANOVER
Zoning & alternative use
B-1,BUSINESS DISTRICT · Wilmington, NC
Zoning B-1,BUSINESS DISTRICT · permitted uses
B-1,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
RETAIL STORES Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Lndg At Porters Neck Oak
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2006
—
Lndg At Porters Neck Oak
Oak Ridge Prop At Porters Neck
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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