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    5000 Market St Wilmington, NC 28405

    For Lease
    $10 SF/Yr

    Sublease available through March 31, 2033, on highly trafficked Market Street.

    Property size:
    41,360 SF
    Lot size:
    6.00 Acres

    Property Features for 5000 Market St

    General Information

    Size
    41,360 SF
    Lot size
    6.00 Acres

    Source: Cape Fear Commercial, LLC Agent Lindsey Hess

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

    Overview

    Sublease Opportunity on Market Street

    A sublease opportunity is available through March 31, 2033. The property, previously used as a vocational and trade school, features a mix of classrooms and private offices, as well as large conference and training rooms. The space totals 41,360 square feet. It is located at the signalized intersection of Market Street and Lullwater Drive, which experiences approximately 50,000 vehicles per day along Market Street. The property offers visibility and the opportunity for building and road front monument signage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miller-Motte College Adult Education School

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.88162
    Latitude
    34.243265

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    FAQs

    What type of property is this?
    Retail space - Sublease available through March 31, 2033, on highly trafficked Market Street.
    Where is this retail space located?
    The property is located at 5000 Market St Wilmington, NC.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location at a signalized intersection (50,000 VPD on Market Street).; - Sublease available through March 31, 2033.; - Existing upfit includes classrooms of multiple sizes.
    (910) 508-4615
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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
    5000 Market St Wilmington, NC 28405
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