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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9641 River Rd Wilmington, NC 28412

    • Mobile home & RV parks
    • 1,064 SF
    • 11.44 lot acres
    For Sale
    View listing
    $4,995,000
    Last Sale
    Nov 12, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1356187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 9641 River Rd

    Year built
    1996
    Construction
    WOOD FRAME
    Lot size
    11.44 lot acres
    Property size
    1,064 SF
    Zone code
    R-15,RESIDENTIAL DISTRICT
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds
    APN
    R08800-001-010-000
    APU
    R08800001010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9035
    Latitude
    34.058
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,371
    $307,200
    $529,300
    $836,500
    -
    $307,200
    $529,300
    $836,500

    Comparable in this City

    • Value Estimation
      $350,000
      700 SF

      9515 Riv Rd

      CAMPGROUND, RV PARK • 700 SF
      9515 Riv Rd, Wilmington, NC 28412-3523
      View Details
    • Value Estimation
      $325,000
      2.62 Acres

      1123 Mcgirt Pl

      MOBILE HOME PARK, TRAILER PARK • 2.62 Acres
      1123 Mcgirt Pl, Wilmington, NC 28412-2595
      View Details
    • Value Estimation
      $265,000
      768 SF

      115 Silver Lk Rd

      MOBILE HOME PARK, TRAILER PARK • 768 SF
      115 Silver Lk Rd, Wilmington, NC 28412-2421
      View Details
    • Value Estimation
      $450,000
      1,248 SF

      6740 Carolina Bch Rd

      MOBILE HOME PARK, TRAILER PARK • 1,248 SF
      6740 Carolina Bch Rd, Wilmington, NC 28412-2857
      View Details
    • Value Estimation
      $1,310,000
      1,064 SF

      6748 Carolina Bch Rd

      MOBILE HOME PARK, TRAILER PARK • 1,064 SF
      6748 Carolina Bch Rd, Wilmington, NC 28412-3464
      View Details
    • Value Estimation
      $365,000
      840 SF

      420 Marion Dr

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      420 Marion Dr, Wilmington, NC 28412-1822
      View Details

    Similar Nearby for Sale

    • $4,995,000

      Entitled Land Near Carolina Beach

      11.79-acre site with approved RV pad site plan.
      9641 River Rd, Wilmington, NC 28412
      View Details
    • New
      $1,075,000
      4,569 SF

      New Triplex Condominiums in Wilmington

      Newly completed triplex with leases ready for instant rental income.
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      Updated Condo in Midtown Wilmington

      Upgraded 3-bedroom condo with modern amenities in a prime location.
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      Move-in Ready Valleygate Villa

      Immaculate 2 bed, 2 bath villa in convenient location.
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      Coastal Townhome Near Carolina Beach

      Elegant 3-bedroom, 3-bathroom townhome near Carolina Beach and Telfair Nature Reserve.
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    • Contact for pricing
      595,000 SF

      Riverlights Executive Office Space

      Wilmington, NC: Prime Mixed-Use Opportunity
      0 River Rd, Wilmington, NC 28412
      View Details

    Similar Nearby for Lease

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      1,450 SF

      Updated Condo with Modern Amenities

      First-floor condo featuring granite countertops, stainless appliances, and luxury master suite.
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      74,370 SF

      Wilmington Retail Center For Lease

      Prime Wilmington shopping center space available.
      5511 Carolina Beach Rd, Wilmington, NC 28412
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    • Contact for pricing
      450,125 SF

      Cold Summit NC Warehouse Space

      Large Wilmington warehouse, multiple spaces available.
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    • $1,900 /Mo
      1,200 SF

      Retail Space in Busy Center

      High-visibility retail space available in a busy shopping center.
      800 Shipyard Blvd, Wilmington, NC 28412
      View Details
    • $20 SF/Yr
      5,000 SF

      Retail Suites Available For Lease

      Retail suites available for lease in Wilmington, North Carolina.
      5226 College Rd S, Wilmington, NC 28412
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Myrtle Grove

      Community shopping center space for lease in Wilmington, NC.
      5605-5609 Carolina Beach Rd, Wilmington, NC 28412
      View Details
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    9641 River Rd
    Wilmington, NC 28412
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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