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    805 Pne Grv Dr Dr Wilmington, NC 28409

    Sponsored
    For Sale
    $6,500,000

    High-traffic retail space, ample parking.

    Property size:
    46,209 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional retail property, located at 805 Pine Grove Dr Drive Unit 805 in Wilmington, NC, presents a unique investment opportunity. Boasting a substantial 46,209 square feet of versatile space, this property is ideally suited for a variety of retail uses. Its strategic location in the heart of Wilmington ensures high visibility and significant foot traffic, maximizing potential for success. The property includes a generous 125 designated parking spaces, providing ample convenience for customers and contributing to a positive shopping experience. The building sits on a 4.67-acre lot, offering potential for future expansion or development. This prime location is further enhanced by its proximity to major thoroughfares and high-traffic areas. While a Department of Transportation project is anticipated to commence in late 2024, pending funding, this development is expected to further enhance the area's accessibility and appeal. The asking price for this exceptional retail center is $6,500,000. This represents a compelling investment opportunity in a thriving market with strong growth potential. The property's size, parking availability, and prime location combine to create a truly exceptional retail offering.

    Property Features for 805 Pne Grv Dr Dr

    General Information

    Property type
    Retail properties
    Square Feet
    46,209 SF
    Lot Size
    203,425 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.87065
    Latitude
    34.20036

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ample parking.
    Where is this retail property located?
    The property is located at 805 Pne Grv Dr Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $6,500,000.
    (919) 720-4217
    Request Owner's contact information
    805 Pne Grv Dr Dr Wilmington, NC 28409
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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

    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.

    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
    805 Pne Grv Dr Dr Wilmington, NC 28409
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