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    1604 Physicians Dr Wilmington, NC 28401

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    For Sale
    $800,000

    Medical office condominium in Wilmington Medical Park, near hospital.

    Property size:
    4,790 SF
    Lot size:
    3.47 Acres

    Property Features for 1604 Physicians Dr

    General Information

    Size
    4,790 SF
    Lot size
    3.47 Acres

    Source: Berkshire Hathaway HomeServices Carolina Premier Properties Agent Lynn Harris

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

    Overview

    Medical Office Condominium Near Hospital

    This medical office condominium is located in Wilmington Medical Park, near a hospital. Originally built as a single unit, the space features two separate entrances and has been recently occupied by two tenants. Suite 105 is currently leased, while Suite 104 is vacant. The space can be easily modified for a single tenant. The property has a size of 4790 square feet. The floor plan is shown in the photos.
    Location Intelligence

    Current Use by Public Records

    Mihle, Timothy H ... Endodontist Arne, Damon Dds Dentist Hester Ophthalmology: Darrell ... Ophthalmologist Dr. Robert G. ... Internist Dr. Paul A. Payne, ... Internist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Dental Office Food Market Grocery 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
    -77.9240434
    Latitude
    34.1990779

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    FAQs

    What type of property is this?
    Medical office - Medical office condominium in Wilmington Medical Park, near hospital.
    Where is this medical office located?
    The property is located at 1604 Physicians Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Prime location near a hospital in Wilmington Medical Park; - Configured as a medical office condominium; - Potential for immediate income from the leased Suite 105
    (910) 520-1180
    Request Owner's contact information
    1604 Physicians 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
    1604 Physicians Dr Wilmington, NC 28401
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