Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Homesite Land Title is generated by Realmo AI

    1006 State Avenue lot 8, Wilmington, NC 28409

    View on Map
    Claim this Listing
    Picture of Waterfront Land at 1006 State Avenue lot 8, Wilmington, NC
    For Sale
    $80,000

    LAND - Wilmington, NC

    Lot size:
    0.08 Acres
    Added:
    May 18, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 1006 State Avenue lot 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-15
    Standard status
    Active
    APN
    R08518-007-002-000
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 8 BLK B-SEABREEZE FEDERAL POINT
    Tax Annual Amount
    439

    We can help!

    Listing Contact
    Crystal Gagum

    Listing agent Crystal Gagum License #354584

    Listing office eXp Realty 1213 Culbreth Dr. Suite 109, Charlotte, NC

    Listing date May 18, 2026

    MLS# 100575195 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.

    HighLights

    • Rare opportunity to build a personalized home in the sought‑after Sea Breeze waterfront community.
    • Conveniently located near the shoreline, Carolina Beach, and Historic Downtown Wilmington.
    • Close proximity to diverse dining, shopping, and entertainment options.
    • Potential for upper‑level water views.
    • Versatile property suitable for a coastal getaway, investment, or forever home.
    • Outstanding opportunity in an established seaside community.

    Overview

    This waterfront land homesite, listed as Lot 8, offers a small parcel size suitable for a residential build in Wilmington. The property is presented as a chance to create a personalized coastal getaway, an investment property, or a forever home, and it includes the potential for upper-level water vistas as the site allows.

    The land is located in Wilmington’s Sea Breeze community. The listing notes convenient proximity to the shoreline, Carolina Beach, Historic Downtown Wilmington, and local dining, shopping, and entertainment. Zoning is R-15.

    For buyers and builders looking for a residential lot in a well-established coastal community, this parcel provides a straightforward foundation for planning and site design under R-15. The emphasis on waterfront positioning and the possible upper-level water-view potential may be of interest for applicants evaluating how the home site could be oriented and developed. Prospective buyers should verify lot-specific build guidance, viewing potential, and any site requirements during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8715
    Latitude
    34.161

    Nearby Similar for Sale

    • $4,400,000
      7,922 SF

      Renovated Restaurant Facility on Market

      Move-in ready restaurant with drive-thru in Porters Neck area.
      8232 Market Street, Wilmington, NC 28411
      View Details
    • $4,400,000
      12,000 SF

      Brooklyn Arts District Land Assemblage

      Rare 0.94-acre multi-parcel in Wilmington's Brooklyn Arts District.
      712 N 4th Street, Wilmington, NC 28401
      View Details
    • $499,000
      5,636 SF

      Wilmington Redevelopment Opportunity

      Redevelopment opportunity near Downtown Wilmington with existing building.
      2006 Princess Place Drive, Wilmington, NC 28405
      View Details
    • $875,000
      5,427 SF

      Adaptable Commercial Property in Wilmington

      Versatile 5,427 SF commercial building suitable for various uses.
      2619 Newkirk Avenue, Wilmington, NC 28412
      View Details
    • $649,900
      3,096 SF

      Wilmington Duplex: Investment Opportunity

      Rare opportunity to own a duplex in downtown Wilmington.
      1501 Stanley Street, Wilmington, NC 28401
      View Details
    • $649,900
      3,096 SF

      Wilmington Duplex: Investment Opportunity

      Rare opportunity to own a duplex in downtown Wilmington, NC.
      1409 Corbett Street, Wilmington, NC 28401
      View Details
    • $649,900
      3,096 SF

      Wilmington Duplexes: Investment Opportunity

      Rare opportunity to own duplexes in downtown Wilmington.
      1415 Corbett Street, Wilmington, NC 28401
      View Details
    • $700,000

      Wilmington Commercial Land Opportunity

      Prime commercial land for sale in Wilmington, North Carolina.
      2501 Wrightsville Avenue, Wilmington, NC 28403
      View Details
    • $1,299,000
      3,000 SF

      Historic District Duplex Opportunity

      Renovated duplex in Wilmington's Historic District, near Riverwalk.
      403 Dock Street, Wilmington, NC 28401
      View Details
    • $3,550,000
      13,320 SF

      Wilmington Multifamily Investment Opportunity

      24-unit multifamily property near UNCW with income upside.
      145 Lullwater Drive, Wilmington, NC 28403
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Home

      Historic 4,761 sq ft home in downtown Wilmington.
      118 S 4th Street, Wilmington, NC 28401
      View Details
    • $1,065,000
      3,542 SF

      Turnkey Wilmington Multifamily Investment Opportunity

      Four-unit property near hospital, shopping, and beaches. Fully income-producing.
      1421 -1425 Wellington Avenue, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build a coastal home on a small Wilmington homesite in the Sea Breeze community near the shoreline.
    Where is this waterfront land located?
    The property is located at 1006 State Avenue lot 8 Wilmington, NC.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Rare opportunity to build a personalized home in the sought‑after Sea Breeze waterfront community.; Conveniently located near the shoreline, Carolina Beach, and Historic Downtown Wilmington.; Close proximity to diverse dining, shopping, and entertainment options.
    (910) 553-0047
    We can help!
    Listing Contact
    Crystal Gagum
    Real Estate License ID: 354584
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1006 State Avenue lot: 8, Wilmington, NC 28409
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!