Six-Office Professional
For Sale
Contact for pricing
108 N Kerr Ave, Wilmington, NC 28405
Office unit with private rooms, two restrooms, and a dedicated break area.
Property Size1,246 SF
Price / SF$215.89
Days on Market51
Property Features for 108 N Kerr Ave
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Office
Zoning
Rb,Regional Business
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Blue Coast Commercial
Listed By:
Eian Lundy · License #NC
(910) 427-0000
Source:
Crexi
Added: Aug 16
Changed: Sep 13
Last Checked: Oct 5 at 6:55PM
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 Blue Coast Commercial
Investment Insights
Based on property information with market context.
Unit E2 at 108 N Kerr Ave provides 952 square feet of office space arranged with six offices, two bathrooms, and a break room. The configuration combines individual work areas with shared support space within a single commercial unit.
The property is located in Wilmington, North Carolina, at 108 N Kerr Ave. The office unit is offered for sale and can accommodate professional office operations or an ownership strategy involving commercial office space.
The property is located in Wilmington, North Carolina, at 108 N Kerr Ave. The office unit is offered for sale and can accommodate professional office operations or an ownership strategy involving commercial office space.
Key Highlights
- 952‑square‑foot office unit identified as Unit E2
- Six offices provide multiple private work areas
- Two bathrooms and a dedicated break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,825
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,500
$316.5K
Cap Rate 7%
$226,071
$226.1K
Cap Rate 9%
$175,833
$175.8K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$26.0K $20.88/SF
− Vacancy
−$4.9K −$3.95/SF
EGI
$21.1K $16.93/SF
− OpEx
−$5.3K −$4.23/SF
NOI
$15.8K $12.70/SF
Area
Wilmington, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,500
Cap Rate 7%
$226,071
Cap Rate 9%
$175,833
Alternative Uses
Best Use
Office B
$226.1K
$197.8K – $263.8K
NOI $15,825 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.26M
$13.35M – $17.80M
NOI $1,067,958 @ 7.0% cap · market cap 397.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 28405, NC
31,775
Population
17,073
Households
1.9
Avg Household Size
41
Median Age
41%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,352
Density / Sq Mi
$67,809
Median Household Income
$41,265
Median Earnings
$1,405
Median Rent
$337,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office unit with private rooms, two restrooms, and a dedicated break area.
Where is this office units located?
The property is located at 108 N Kerr Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 952‑square‑foot office unit identified as Unit E2; Six offices provide multiple private work areas; Two bathrooms and a dedicated break room
