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Property profile

6747 Market St Wilmington, NC 28405

Auto shops
Property ID
US53-1600816
View Sample
2,500 SF 1.26 ac lot Built 1987
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional commercial property, located at 6747 Market Street in Wilmington, North Carolina, presents a significant investment opportunity. The building boasts a substantial 4,900 square feet of space, offering ample room for a variety of commercial uses. Situated on a generous 1.26-acre lot, the property provides ample parking and potential for expansion or future development. The prime location on Market Street ensures high visibility and accessibility, placing the business within easy reach of a large customer base. The asking price of $3,600,000 reflects the property's significant potential and strong location within the vibrant Wilmington commercial market. This is an ideal opportunity for businesses seeking a prominent location with substantial space to grow and thrive. The property's size and location make it suitable for a wide range of commercial ventures, from retail establishments to office spaces, and even potential redevelopment projects. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to secure a prime commercial location in a thriving North Carolina city.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1987
Construction STEEL FRAME
Total area 2,500 SF
Lot 1.26 ac (54,886 SF)
Zoning code RB,REGIONAL BUSINESS
APN R04320-001-005-001
UPID US53-1600816

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Interior Design Auto Repair Shop
  • (Bike/Boat/Book/etc) Store
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2018
2 recorded transactions
2018
$750,000
2018
$587,029

Zoning & alternative use

RB,REGIONAL BUSINESS · Wilmington, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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