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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Garden apartment buildings
905 Container Park Ln, Wilmington, NC 28401-1101
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0686934
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Total area
3,648 SF
Lot
0.31 ac (13,678 SF)
Zoning code
UMX
APN
R05411-011-006-000
UPID
US53-0686934
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Cargo District Rentals LLC · 5 yrs held
Cargo District Rentals LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
UMX · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,175,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.40M (Apr 14 2021)
Last sale anchor
$1.40M
Apr 14 2021
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
$470 / 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
$9,390
Tax year 2023
Assessed value
$1,111,300
Assessed 2023
Previous assessed
$1,111,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$203,300
Assessed improvement
$908,000
Land market value
$203,300
Improvement market value
$908,000
Total market value
$1,111,300
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
8
Total area
3,648 SF
Lot
0.31 ac (13,678 SF)
Zoning code
UMX
APN
R05411-011-006-000
UPID
US53-0686934
Jurisdiction
NEW HANOVER
Zoning & alternative use
UMX · Wilmington, NC
Zoning UMX · permitted uses
UMX · 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.
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
8
Lot
0.31 ac
Current owner
From public records · entity-resolved
Cargo District Rentals LLC
Entity
Mailing address
520 MADISON AVE FL #42, NEW YORK, NY 10022-4436
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
$1,400,000
Cargo District Rentals LLC
Modern Urban Development LLC
Warranty Deed
$1,050,000 · Tbvat LLC
Oct 2, 2015
$221,000
Modern Urban Dev LLC
Ritz Dev II LLC
Warranty Deed
—
Jul 29, 2010
$100,000
Ritz Dev LLC
Suntrust Bk
Grant Deed
—
Jul 29, 2010
—
Ritz Dev II LLC
Ritz Dev LLC
Quit Claim Deed
related
—
Nov 17, 2009
$300,000
Suntrust Bk
Mannen Jerry A JR
Trustees Deed
related
—
Oct 3, 2007
—
Dorian Hill-vcchio
Vecchio,germano
Warranty Deed
related
—
—
—
Modern Urban Dev LLC
—
Deed Of Trust
related
$500,000 · South St Bk
—
—
Modern Urban Dev LLC
—
Loan Modification, Consolidation And Extension
related
$750,000 · South St Bk
—
—
Germano Vecchio
—
Deed Of Trust
related
$110,000 · Suntrust Bank NA
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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