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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Warehouses
9121 Market St, Wilmington, NC 28411-7995
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1078781
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
WOOD FRAME
Total area
23,800 SF
Lot
9.79 ac (426,365 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R02900-001-065-000
UPID
US53-1078781
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
-
Go Store It Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.52M
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.11M
Owner & transaction history
Gsi Wilmington 9111 Market LLC · 5 yrs held
Gsi Wilmington 9111 Market LLC
since 2020
Last sale
$6.2M
5 recorded transactions
Zoning & alternative use
B-2,BUSINESS DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+63.3%
Office building
$7.7M
+31.6%
Medical building
$7.2M
+23.0%
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
$6,890,000
ML approach
$7,515,000
CAP Approach
CAP Return
Estimation
6%
$4,020,000
6.5%
$3,710,000
7%
$3,445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,870,000
Current use
RESTAURANT
$9,585,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$7,725,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$7,220,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,795,000
Change: +16% · Conversion: Easy
RETAIL STORES
$6,490,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,410,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±10% · vs last sale $6.20M (Dec 15 2020)
Last sale anchor
$6.20M
Dec 15 2020
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
$257 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$35,311
Tax year 2024
Assessed value
$6,252,000
Assessed 2024
Previous assessed
$6,252,000
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$1,595,500
Assessed improvement
$4,656,500
Land market value
$1,595,500
Improvement market value
$4,656,500
Total market value
$6,252,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
1
Bathrooms
3
Total area
23,800 SF
Lot
9.79 ac (426,365 SF)
Zoning code
B-2,BUSINESS DISTRICT
APN
R02900-001-065-000
UPID
US53-1078781
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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
RESTAURANT
Est. value
$9.6M
OFFICE BUILDING
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2005
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
3
Lot
9.79 ac
Current owner
From public records · entity-resolved
Gsi Wilmington 9111 Market LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6805 CARNEGIE BLVD STE #250, CHARLOTTE, NC 28211-4276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Gsi Wilmington 9111 Market LLC
—
Deed
related
$224,000,000 · Pcred II Lending II LLC
Dec 15, 2020
—
Gsi Wilmington 9111 Market LLC
Go Store Wilmington II LLC
Grant Deed
related
—
Jun 1, 2015
$6,200,000
Go Store It-wilmington II LLC
East Storesmart Wilmington Two
Grant Deed
$4,400,000 · Prudential Mtg Cap
Jun 18, 2013
$4,645,000
Storesmart Wilmington Two East
Nappy Taylor LLC
Grant Deed
—
Mar 28, 2011
$1,860,000
Nappy Taylor LLC
Martin Ventures X Scotts Hill
Grant Deed
$1,302,000 · First Citizens Bank & Trust Co
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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