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Property profile & analytics
FOR LEASE
Office Units
921 Princess St, Wilmington, NC 28401
Entity Owned
4-yr Hold
Property ID
US53-0982505
For Lease
1 / 12
$11 SF/Yr
921 Princess St, Wilmington, NC 28401
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Property summary
AI-generated overview
The Bottle Works Building is a new and exciting mixed use redevelopment. Located near the heart of downtown Wilmington in the Soda Pop District, this building spans the entire block. Office, Warehouse, Flex, Retail, Restaurant are a few of the wide range of allowed uses in this UMX commercial zoning. The building features a common drive-in door, 2 common dock high doors, common mailroom and bathrooms. Parking consist of common parking lots and free street parking.
Property profile
Verified
Property type
Office Units
Year built
1950
UPID
US53-0982505
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
-
Bottle Works ILM Hotel & Motel Resort
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Ibis Coffee and Cocktails Bar & Pub
-
Craftspace Commercial Storage Facility Warehouse & Storage
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Kasey Smith Interiors Interior Design Home Decor Store
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Wandering Cone Creamery Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Osprey Lands LLC · 4 yrs held
Osprey Lands LLC
since 2021
5 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Office Units
Status
For Lease
Year built
1950
UPID
US53-0982505
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Current owner
From public records · entity-resolved
Osprey Lands LLC
Entity
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
Soda Pop Holdings LLC
—
Deed
related
$6,760,000 · First National Bank Of Pennsylvania
Oct 22, 2021
—
Osprey Lands LLC
Ccbc Of Wilmington INC
Deed
—
Oct 22, 2021
$8,050,000
Soda Pop Holdings LLC
Osprey Lands LLC
Warranty Deed
$6,651,031 · First Carolina Bank
Dec 20, 2019
—
Osprey Lands LLC
—
Grant Deed
related
$1,500,000 · North St Bk
Jun 7, 2019
—
Osprey Lands LLC
—
Deed
related
$250,000 · North St Bk
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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