Class A Single-Tenant Office
New
For Sale
Contact for pricing
1007 Olde Waterford Way, Leland, NC 28451
Single-tenant, build-to-suit Class A office with a 5-year initial term and three 3-year options plus 2.5% annual escalations.
Property Size5,076 SF
Price / SF$394.01
Days on Market4
Property Features for 1007 Olde Waterford Way
General Information
Standard status
Active
Size
5,076 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Listing Agency:
BlueCoast Commercial, LLC
(910) 279-3227
Listed By:
Steve Hall · License #255181
(910) 279-3227
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BlueCoast Commercial, LLC
Investment Insights
Based on property information with market context.
This single-tenant office building is described as a turnkey, build-to-suit asset for the existing tenant, with Class A office finishes and a coastal-modern design. The property is presented as meticulously maintained, supporting an investor-facing, low-day-to-day management profile.
The office is located at 1007 Olde Waterford Way in Leland’s Waterford area, positioned within a master-planned environment of professional services, retail, and rooftops, and described as just minutes from downtown Wilmington.
The lease structure is presented with a 5-year initial term and three 3-year options. Annual escalations are described as 2.5%.
The office is located at 1007 Olde Waterford Way in Leland’s Waterford area, positioned within a master-planned environment of professional services, retail, and rooftops, and described as just minutes from downtown Wilmington.
The lease structure is presented with a 5-year initial term and three 3-year options. Annual escalations are described as 2.5%.
Key Highlights
- 5,076 SF single‑tenant office building
- Class A office finishes and coastal‑modern design
- Build‑to‑suit for the existing tenant
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.0k | $20.88 |
| − Vacancy | −$20.0k | −$3.95 |
| EGI | $86.0k | $16.93 |
| − OpEx | −$21.5k | −$4.23 |
| NOI | $64.5k | $12.70 |
5,076 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$921.0K
$805.8K – $1.07M
NOI $64,467 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$62.15M
$54.38M – $72.51M
NOI $4,350,685 @ 7.0% cap · market cap 217.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 28451, NC
39,025
Population
19,672
Households
2
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
172.2 sq mi
ZIP Area
227
Density / Sq Mi
$77,380
Median Household Income
$41,164
Median Earnings
$1,465
Median Rent
$315,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant, build-to-suit Class A office with a 5-year initial term and three 3-year options plus 2.5% annual escalations.
Where is this office building located?
The property is located at 1007 Olde Waterford Way Leland, NC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,076 SF single‑tenant office building; Class A office finishes and coastal‑modern design; Build‑to‑suit for the existing tenant
