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Property profile & analytics
OFF-MARKET
Estimated value
$12,630,000
Super regional malls
940 Inspiration Dr, Wilmington, NC 28405-4171
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-3338559
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2003
Construction
STEEL FRAME
Total area
140,265 SF
Lot
2.08 ac (90,779 SF)
Zoning code
MX
APN
R05000-003-015-000
UPID
US53-3338559
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
-
Belk Fashion Accessories Store Home Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.63M
Owner & transaction history
Cbl Mayfaire Town Center 2026 LLC
Cbl Mayfaire Town Center 2026 LLC
since 2026
6 recorded transactions
Zoning & alternative use
MX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$90 / 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
$74,783
Tax year 2023
Assessed value
$8,850,100
Assessed 2023
Previous assessed
$8,850,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,264,800
Assessed improvement
$7,585,300
Land market value
$1,264,800
Improvement market value
$7,585,300
Total market value
$8,850,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
6
Total area
140,265 SF
Lot
2.08 ac (90,779 SF)
Zoning code
MX
APN
R05000-003-015-000
UPID
US53-3338559
Jurisdiction
NEW HANOVER
Zoning & alternative use
MX · Wilmington, NC
Zoning MX · permitted uses
MX · 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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
2.08 ac
Current owner
From public records · entity-resolved
Cbl Mayfaire Town Center 2026 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2030 HAMILTON PL BLVD STE #500, CHATTANOOGA, TN 37421-6000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
—
Cbl Mayfaire Town Center 2026 LLC
Mayfaire Town Center LP
Special Warranty Deed
related
—
Jul 25, 2024
—
Belk INC
—
Deed
related
$20,000 · Sixth Street Lending Partners
Jun 5, 2020
—
Belk INC
—
Deed
related
—
Jun 19, 2015
$384,000
Mayfaire Town Center LP
Mayfaire Retail LLC
Grant Deed
related
—
—
—
Belk INC
—
Deed Of Trust
related
—
—
—
Belk INC
—
Deed Of Trust
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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