404 N 3Rd St Wilmington, NC 28401
Property profile & analytics
404 N 3Rd St Wilmington, NC 28401
- Office buildings
- 7,020 SF
- 0.32 lot acres
Property ID
US53-5675664
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.
Location Intelligence
Current Use by Public Records
- Rising Tide Pictures / Film Production / Television Studio
- Specialty Software Systems, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
- Robert Louis Armstrong Personal Injury Attorney / Law Firm
- Trifoli Insurance Group / Insurance Agency
- Wright Criminal Defense / Law Firm
Property Details for 404 N 3Rd St
- Year built
- 1952
- Construction
- STEEL & CONCRETE
- Lot size
- 0.32 lot acres
- Property size
- 7,020 SF
- Zone code
- CBD,CENTRAL BUS DIST
- Property type
- Office buildings
- APN
- R04813-032-004-000
- APU
- R04813032004000
Description
This exceptional 200-square-foot executive office space, located at 404 N 3rd St, Wilmington, NC 28401, is perfect for startups and independent professionals. Situated in a two-story, 1952-built building in Wilmington's vibrant Central Business District (CBD), this single-tenant space offers a blend of convenience and style. The building features 11 first-floor private offices and three currently available on the second floor, all offering a variety of layouts to suit individual needs. Amenities include shared conference space, on-site asphalt parking, 24/7 access, a convenient kitchenette, high-speed internet access, and a dedicated mailbox. The property's central location places you within easy walking distance of numerous restaurants, shops, and the scenic Wilmington Riverwalk. No long-term lease commitment is required, offering flexibility for your business needs. The building is zoned for CBD use and is easily accessible via Walnut Cross Street. This is an unparalleled opportunity to establish your business in a thriving downtown Wilmington location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,585,000
- 6.5%
- $1,465,000
- 7%
- $1,360,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,990,000
- AI Estimate
- $1,154,000
Market price range: $1.56M - $4.13MMarket price range: $578k - $2.20M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,510,000 Current use
- RESTAURANT
- $2,330,000 Change: -7% Conversion: Moderate
- MEDICAL BUILDING
- $2,280,000 Change: -9% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,055,000 Change: -18% Conversion: Difficult
- RETAIL STORES
- $2,040,000 Change: -19% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9462
- Latitude
- 34.2404
- 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
$0.00
$390,500
$515,700
$906,200
-
$390,500
$515,700
$906,200
