Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5 South Water St Wilmington, NC 28401

    For Lease
    $3,500 /Mo ($4 SF/Yr)

    Move-in ready office space with Cape Fear River views.

    Property size:
    9,168 SF
    Lot size:
    9,168 SF

    Property Features for 5 South Water St

    General Information

    Size
    9,168 SF

    Building Details

    Year built
    1890

    Source: Bryce Miller Agent Bryce Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Space with Waterfront View

    Available for rent are two renovated second-floor office spaces situated in the Central Business District of Wilmington, North Carolina. These spaces offer views of the Cape Fear River waterfront. The suites feature hardwood floors, an open floor plan, one bathroom, and storage closets. The spaces are move-in ready and pre-wired for cable and phone. Utilities include metered electrical service, with water and sewer services provided on a common basis. The property is located on Water Street, offering both office and retail space opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wine & Cocktails | Michael's Liquor Store Mixto Restaurant Restaurant Michael's on the Waterfront American Restaurant

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9495186
    Latitude
    34.2348467

    Nearby Similar for Lease

    • $3,000 /Mo
      1,229 SF

      Wilmington Commercial Space For Rent

      Flexible commercial space with UMX zoning in Wilmington, NC.
      1120 S 3Rd St, Wilmington, NC 28401
      View Details
    • $3,500 /Mo
      1,824 SF

      Retail Space in SoFro District

      Vibrant retail space in Wilmington's popular SoFro District.
      1506 S 3Rd St, Wilmington, NC 28401
      View Details
    • New
      $1,600 /Mo
      856 SF

      Flexible Office/Retail Space Available

      Move-in ready office/retail space in prime Wilmington location.
      109 Hinton Ave Unit, Wilmington, NC 28403
      View Details
    • $545 /Mo
      200 SF

      Downtown Wilmington Executive Office Space

      Furnished office space in downtown Wilmington with flexible lease terms.
      404 N 3Rd St, Wilmington, NC 28401
      View Details
    • New
      $1,500 /Mo
      841 SF

      Wilmington Office Space For Lease

      Private executive office space in prime Wilmington location.
      1901 Kent St Unit G, Wilmington, NC 28403
      View Details
    • $1,500 /Mo
      350 SF

      Unique Studio Space in Wilmington

      One-of-a-kind studio in the Cargo District for rent.
      707 S 16Th St, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office space with Cape Fear River views.
    Where is this office space located?
    The property is located at 5 South Water St Wilmington, NC.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Cape Fear River waterfront view; - Located in Wilmington Central Business District (CBD); - Move-in ready
    (410) 603-2600
    Request Owner's contact information
    5 South Water St Wilmington, NC 28401
    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.
    5 South Water St
    Wilmington, NC 28401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5 South Water St Wilmington, NC 28401
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.