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    1806 New Hanover Medical Park Dr Wilmington, NC 28403

    For Sale
    $339,000

    0.61-acre vacant lot in Wilmington's medical corridor.

    Lot size:
    0.61 Acres

    Property Features for 1806 New Hanover Medical Park Dr

    General Information

    Lot size
    0.61 Acres

    Source: Maus, Warwick, Matthews & Co. Agent Ginny Dunn

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

    Overview

    Vacant Lot in Medical Corridor

    This 0.61-acre vacant lot is located off New Hanover Medical Park Drive, in Wilmington's medical corridor, minutes from Novant Health Hospital. Zoned O&I (Office & Institutional) within the City of Wilmington, the property is suitable for medical, dental, or professional office use. Utilities are available on site. An adjacent 0.77-acre lot is also available for purchase, allowing for expanded development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -77.9230556
    Latitude
    34.2113221

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    FAQs

    What type of property is this?
    Commercial land - 0.61-acre vacant lot in Wilmington's medical corridor.
    Where is this commercial land located?
    The property is located at 1806 New Hanover Medical Park Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: - Strategic location directly off New Hanover Medical Park Drive and minutes from Novant Health Hospital.; - Zoned O&I (Office & Institutional) supporting medical, dental, or professional office use.; - Utilities available on site for immediate tap-in and streamlined development.
    (901) 428-4873
    Request Owner's contact information
    1806 New Hanover Medical Park Dr Wilmington, NC 28403
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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
    1806 New Hanover Medical Park Dr Wilmington, NC 28403
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