Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1212-1218 Stroud Aly Wilmington, NC 28401

    Sponsored
    For Sale
    $359,900

    LAND - Wilmington, NC

    Lot size:
    0.25 Acres
    Days on Market:
    70
    Last Refresh:
    Feb 3 at 12:06 am

    Property Features for 1212-1218 Stroud Aly

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-5
    APN
    R05413-026-015-000
    Lot size
    0.25 Acres

    We can help!

    Listing Contact
    The Domenico Grillo Real Estate Team

    Keller Williams Realty (910) 264-6506

    Listing agent The Domenico Grillo Real Estate Team (910) 777-2200

    Listing date Nov 26, 2025

    MLS# 100509789 Listing URL

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Wilmington Land Ready-to-Go Lots

    Four ready-to-go lots are available at 1212, 1214, 1216, and 1218 Stroud Alley. The surrounding area features numerous finished, new construction properties. The lots are situated very close to the River Front of Downtown Wilmington, with convenient access to restaurants and shopping. These four already subdivided lots have permits already approved. To begin construction, the water tap fee must be paid. The lots can be used to build four spec homes or recombined. There is a possible townhome play opportunity. Plans are available and can be shared. These lots can also be sold individually. The property is not in a flood zone and has no HOA. The lot size is 0.25 acres and the zoning is R-5.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.939603
    Latitude
    34.220194

    Nearby Similar for Sale

    • $1,465,000
      4,848 SF

      Wilmington Mixed-Use Investment Opportunity

      8-unit mixed-use property near historic district with strong rental history.
      719 Princess St, Wilmington, NC 28401
      View Details
    • $890,000
      5,467 SF

      Historic Mansion in Downtown Wilmington

      Unique historic mansion with development potential in Wilmington's Historic District.
      708 Market St, Wilmington, NC 28401
      View Details
    • New
      $2,195,000
      6,290 SF

      Historic Wilmington Bed & Breakfast

      Award-winning bed and breakfast in Wilmington's Historic District.
      412 S 3Rd St, Wilmington, NC 28401
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Residence

      Historic 4,761 sq ft residence in downtown Wilmington.
      118 S 4Th St, Wilmington, NC 28401
      View Details
    • $719,000
      2,015 SF

      Wilmington Income-Generating Multifamily Property

      Income property near Downtown, Burnt Mill Creek, and Soda Pop District.
      2020 Princess Place Dr, Wilmington, NC 28405
      View Details
    • $888,000
      3,104 SF

      Wilmington Duplex: Short-Term Rental Income

      Fully furnished duplex in Wilmington, NC, generating substantial rental income.
      312 Church St, Wilmington, NC 28401
      View Details
    • $10,750,000
      41,315 SF

      Wilmington Multifamily Investment Opportunity

      54-unit Wilmington rental portfolio with income and value-add potential.
      145 Lullwater Dr, Wilmington, NC 28403
      View Details
    • New
      $539,900
      2,240 SF

      Historic Wilmington Duplex: Move-In Ready

      Charming, updated duplex in Wilmington's Historic District, ideal for investors.
      117 S 7Th St, Wilmington, NC 28401
      View Details
    • $725,000
      3,096 SF

      Wilmington Duplex: Investment Opportunity

      Rare opportunity to own a cash-flowing duplex in Wilmington, NC.
      1308 Corbett St, Wilmington, NC 28401
      View Details
    • $5,799,900
      24,768 SF

      Wilmington Multifamily Investment Opportunity

      Portfolio of eight duplexes near downtown Wilmington.
      1405 Corbett St, Wilmington, NC 28401
      View Details
    • $1,050,000
      3,548 SF

      Historic Wilmington Duplex Opportunity

      Historic duplex in Wilmington's Historic District, flexible living options.
      223 S 5Th Ave, Wilmington, NC 28401
      View Details
    • $992,750
      3,396 SF

      Renovated Duplex in Historic Downtown

      Versatile duplex in Wilmington's Historic Downtown, suitable for residential or commercial.
      8 S 7Th St, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Four subdivided lots near downtown Wilmington with approved permits.
    Where is this residential land & home lot located?
    The property is located at 1212-1218 Stroud Aly Wilmington, NC.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Four subdivided lots with approved permits ready for construction.; - Close proximity to the River Front and Downtown Wilmington's restaurants and shopping.; - Affordable water tap fee allows for immediate groundbreaking.
    (910) 777-2200
    Request Owner's contact information
    1212-1218 Stroud Aly Wilmington, NC 28401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1212-1218 Stroud Aly
    Wilmington, NC 28401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1212-1218 Stroud Aly Wilmington, NC 28401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    The Domenico Grillo Real Estate Team
    (910) 777-2200
    Learn more
    Google sign-in failed. Please try again or use another login method.