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    7500-7516 Plantation Rd Wilmington, NC 28411

    For Sale
    $1,900,000

    LAND - Wilmington, NC

    Lot size:
    17.84 Acres
    Days on Market:
    333
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 7500-7516 Plantation Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-15
    APN
    R02800-004-006-000
    Lot size
    17.84 Acres

    Coastal Properties (910) 264-1974 [email protected]

    Listing agent Donna H Grady (910) 256-8171 License #231580

    Listing date Jan 7, 2025

    MLS# 100383949 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wilmington Land Ready For Development

    This 17.84-acre unimproved land is located in the Porters Neck, Murrayville area of Wilmington, North Carolina, just below I-140 and east of the new Military Cutoff Extension. The property offers convenient access from both Military Cutoff Extension and Market Street. Formerly a recorded subdivision known as Greenview Ranches, the land is now prime for development. Zoned R-15, the ranches have the potential for rezoning, similar to other lands in the area that have been changed from R-15 to PD. Underground infrastructure for electricity, water, and sewer is in the process of being installed. CFPUA owns water wells in Greenview Ranches, and utilities are being constructed. Plantation Road is currently a dirt road that is maintained to ensure it remains passable for CFPUA equipment. New Hanover County Commissioners approved a Special Use Permit (SUP) for a T-Mobile 195-foot cell tower on the corner of Military Cutoff Extension Service Road and Plantation Road. CFPUA recently took bids for the construction of sewer pipes along Plantation Road on June 13, 2024. The Department of Transportation (DOT) anticipates developers will pave Plantation Road. Greenview Ranches is described as an up-and-coming area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Nail Salon Hotel & Motel Skin Care Clinic Garden Center Electrical Service Computer & Electronic Repair Bakery Tech Support Center

    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
    -77.815083
    Latitude
    34.302324

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    FAQs

    What type of property is this?
    Land - Unimproved land in a developing area, prime for rezoning.
    Where is this land located?
    The property is located at 7500-7516 Plantation Rd Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime unimproved land in the desirable Porters Neck/Murrayville area.; - Zoned R-15 with potential for rezoning.; - Underground infrastructure for electricity, water, and sewer is in progress.
    (910) 256-8171
    Request Owner's contact information
    7500-7516 Plantation Rd Wilmington, NC 28411
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    Realmo Value Estimation

    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

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    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.

    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
    7500-7516 Plantation Rd Wilmington, NC 28411
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