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Property profile & analytics
OFF-MARKET
Office buildings
9809 Riv Rd, Wilmington, NC 28412-3529
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5680281
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
1,572 SF
Lot
2.15 ac (93,654 SF)
Zoning code
R-10,RESIDENTIAL DISTRICT
APN
R08500-002-081-000
UPID
US53-5680281
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
-
Comfort inn Hotel & Motel
-
National Center for Outdoor & Adventure Education Training Center Tutoring Service
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
The Adventure Education Institute L · 1 yrs held
The Adventure Education Institute L
since 2025
7 recorded transactions
Zoning & alternative use
R-10,RESIDENTIAL DISTRICT · 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
—
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
$3,367
Tax year 2023
Assessed value
$566,200
Assessed 2023
Previous assessed
$566,200
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$182,300
Assessed improvement
$383,900
Land market value
$182,300
Improvement market value
$383,900
Total market value
$566,200
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
1,572 SF
Lot
2.15 ac (93,654 SF)
Zoning code
R-10,RESIDENTIAL DISTRICT
APN
R08500-002-081-000
UPID
US53-5680281
Jurisdiction
NEW HANOVER
Zoning & alternative use
R-10,RESIDENTIAL DISTRICT · Wilmington, NC
Zoning R-10,RESIDENTIAL DISTRICT · permitted uses
R-10,RESIDENTIAL 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.
Building & site characteristics
From public records
Year built
2012
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
The Adventure Education Institute L
Individual
Free & Clear · 1 yrs held
Mailing address
6054 SHILOH DR, WILMINGTON, NC 28409-4420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
The Adventure Education Institute L
Zachary Adair
Warranty Deed
—
Jun 8, 2022
—
Celine Adair
—
Deed
related
$450,000 · First Citizens Bank & Trust Co
Jan 17, 2020
—
Zachary Adair
—
Deed
related
$169,000 · Truist Bk
Aug 17, 2012
—
Zachary Adair
—
Trustees Deed
related
$30,000 · Corning FCU
Mar 6, 2012
$200,000
Zachary Adair
First Fedl S & L Of Charleston
Grant Deed
$280,000 · 45 Grand Street Family LLC
Oct 5, 2009
$100,000
First Fedl S & L Assn Of Charlesto
Mannen Jerry A JR
Trustees Deed
related
—
Nov 10, 2005
$250,000
Pej LLC
Johnson,jimmy O & Patricia
Warranty Deed
$225,000 · Bank Of Wilmington
—
—
Zachary Adair
—
Deed Of Trust
related
$169,000 · Truist 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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