Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2419 Market St Wilmington, NC

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,450,000

    Two-story office building with high visibility and ample parking.

    Type:OFFICE
    Property size:
    10,487 SF
    Lot size:
    0.84 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    239
    Last Refresh:
    Mar 29 at 8:18 pm

    Property Features for 2419 Market St

    General Information

    Standard status
    Active
    Size
    10,487 SF
    Lot size
    0.84 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Hansen Matthews, Jr

    Listing agent Hansen Matthews, Jr

    Listing office Maus, Warwick, Matthews & Co.

    Listing date Aug 6, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Maus, Warwick, Matthews & Co.

    Overview

    Market Street Office Building

    This offering presents the opportunity to purchase a two-story brick building situated on Market Street, positioned at the entrance to a prominent Wilmington neighborhood. The structure exhibits a classic architectural style and includes off-street parking, secured by a brick and wrought iron fence. The building has a total area of 10,487 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rountree Losee LLP Law Firm Losee Geoffrey A Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    -77.9157
    Latitude
    34.2388

    Nearby Similar for Sale

    • $1,695,000
      2,005 SF

      Brooklyn Arts District Commercial Opportunity

      Thriving business and prime real estate in Wilmington's Arts District.
      1007 N 4th Street, Wilmington, NC 28401
      View Details
    • $1,500
      1,223 SF

      Wilmington Office/Retail Opportunity

      Office or retail space near College Road and Oleander Drive.
      208 Treadwell Street, Wilmington, NC 28403
      View Details
    • $407,000
      1,526 SF

      Commercial Property with 1940s Charm

      Commercial-zoned property with multiple rooms suitable for office use.
      3415 Wrightsville Avenue, Wilmington, NC 28403
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Home

      Historic 4,761 sq ft home in downtown Wilmington.
      118 S 4th Street, Wilmington, NC 28401
      View Details
    • $725,000
      3,096 SF

      Wilmington Duplex: Investment Opportunity

      Rare opportunity to own a fully occupied duplex.
      1308 Corbett Street unit: A&B, Wilmington, NC 28401
      View Details
    • $299,000
      800 SF

      Wilmington Flex Space Condo

      Renovated commercial condo with office, garage, and storage.
      6413 Carolina Beach Road unit: A, Wilmington, NC 28412
      View Details
    • $770,000
      2,561 SF

      Historic Downtown Wilmington Furnished Duplex

      Historic, furnished duplex in downtown Wilmington, ready for rental income.
      419 S Front Street, Wilmington, NC 28401
      View Details
    • $979,000
      3,579 SF

      Midtown Wilmington Mixed-Use Opportunity

      Commercial mixed-use property in Midtown Wilmington with flexible floor plan.
      5018 Oleander Drive, Wilmington, NC 28403
      View Details
    • $399,900
      1,372 SF

      Historic Downtown Wilmington Duplex

      Seller-financed duplex in historic downtown Wilmington near Castle Street.
      107 S 10th Street, Wilmington, NC 28401
      View Details
    • $979,000
      3,579 SF

      Midtown Wilmington Mixed-Use Opportunity

      Commercial mixed-use property with storefront, studio, and apartment.
      5018 Oleander Drive, Wilmington, NC 28403
      View Details
    • $859,000
      3,104 SF

      Wilmington Duplex: Income Potential

      Fully furnished duplex in historic Wilmington with proven rental income.
      312 Church Street, Wilmington, NC 28401
      View Details
    • $895,000
      3,396 SF

      Renovated Duplex in Historic Downtown

      Renovated duplex zoned for residential and commercial use.
      8 S 7th Street, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with high visibility and ample parking.
    Where is this office building located?
    The property is located at 2419 Market St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: High‑visibility location on Market Street.; Entrance to one of Wilmington's most prestigious neighborhoods.; Two‑story brick structure with classic architectural style.
    (910) 791-0400
    We can help!
    Listing Contact
    Hansen Matthews, Jr
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!