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    111 Cinema Dr Wilmington, NC 28403

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    For Lease
    $18 SF/Yr

    54,662 SF retail building on 8.6 acres available for lease.

    Property size:
    54,662 SF
    Lot size:
    8.60 Acres

    Property Features for 111 Cinema Dr

    General Information

    Size
    54,662 SF
    Lot size
    8.60 Acres

    Source: Carolina Commercial Investment Properties, LLC Agent PJ Doherty

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

    Overview

    Wilmington Retail Opportunity For Lease

    Located in the heart of Wilmington, this property features a 54,662-square-foot building with high ceilings, situated on 8.6 acres. The building, currently a cinema, will be vacated by mid-November. Cinema Drive serves as a collector street for downtown traffic from Kerr Avenue. Zoned RB, the property allows for automotive use, assembly, and amusement-recreation centers, offering flexible land use options. The owner is seeking an absolute net land lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    FauxReal Flowers, Faux Real Flowers Wilmington

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.893024
    Latitude
    34.24108

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    FAQs

    What type of property is this?
    Storefront property - 54,662 SF retail building on 8.6 acres available for lease.
    Where is this storefront property located?
    The property is located at 111 Cinema Dr Wilmington, NC.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - 8.6 acres centrally located in the heart of Wilmington.; - RB Zoning allows for automotive use, assembly, amusement-rec center - very flexible land use.; - **Building is 54,662 sq ft with high ceilings.**
    (910) 297-9572
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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
    111 Cinema Dr Wilmington, NC 28403
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