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    1202 Medical Center Dr Wilmington, NC 28401

    For Sale
    $11,850,000

    Medical office building in Wilmington's established medical district.

    Property size:
    66,164 SF
    Lot size:
    6.62 Acres

    Property Features for 1202 Medical Center Dr

    General Information

    Size
    66,164 SF
    Lot size
    6.62 Acres

    Source: BlueCoast Commercial, LLC Agent Steve Hall

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

    Overview

    Wilmington Medical Office For Sale

    Located at 1202 Medical Center Drive in Wilmington, North Carolina, this medical office building offers an opportunity to acquire a property in an established medical district. The building has a total size of approximately 66,164 square feet across three floors. The property is located in Wilmington’s premier healthcare corridor, adjacent to Novant Health New Hanover Regional Medical Center. It features ample on-site parking for staff and patients, as well as robust power and a medical-ready buildout. The location provides access via 17th Street, Independence Blvd, and Carolina Beach Road, and is situated minutes from Wrightsville Beach, Landfall Submarket, and multiple commercial development zones. The property is located in a high-growth population corridor, with increasing demand for healthcare services. The current tenant, Wilmington Health, will complete a sale-leaseback on the building as they transition select services. The remaining space offers potential for additional medical tenancy. The lease structure is triple net.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zulie appt Hospital Robert Grove II, ... Medical Center Rachel Berg, PT Physical Therapist Jackson Burket Jessica ... Doctor PMG Research of Wilmington Research Foundation

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -77.9292684
    Latitude
    34.2020709

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    FAQs

    What type of property is this?
    Medical office - Medical office building in Wilmington's established medical district.
    Where is this medical office located?
    The property is located at 1202 Medical Center Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $11,850,000.
    What are key features of this property?
    This property features: - Sale-leaseback opportunity with Wilmington Health, providing stabilized cash flow.; - Located in Wilmington's premier healthcare corridor, adjacent to Novant Health New Hanover Regional Medical Center.; - **±66,164 RSF medical office building** with potential for additional medical tenancy upside.
    (910) 279-3227
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    1202 Medical Center Dr Wilmington, NC 28401
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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
    1202 Medical Center Dr Wilmington, NC 28401
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