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    4700 New Centre Dr Wilmington, NC 28405

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    For Sale
    $3,700,000

    Exceptional 4-acre site in a thriving retail and residential hub.

    Lot size:
    4.10 Acres

    Property Features for 4700 New Centre Dr

    General Information

    Lot size
    4.10 Acres

    Source: Cape Fear Commercial, LLC Agent Jason McLeod

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

    Overview

    Wilmington Undeveloped RB-Zoned Parcel

    This is an undeveloped 4-acre parcel located at 4700 New Centre Drive in Wilmington. The property is zoned RB and is situated directly adjacent to Target. The surrounding area features a mix of national retailers and established multifamily communities. This parcel is positioned in a thriving retail and residential hub, offering development potential. Please note that the seller is the Court Appointed Commissioner and does not own the property. This is a Judicial Sale and subject to confirmation by the Court under the terms of Chapter 46A and Article29A of Chapter 1(Judicial Sales) of North Carolina General Statutes, requiring, among other things, a 10-day upset bid period which may result in a third party obtaining the right to purchase the Property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Port City Family ... Dental Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    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
    -77.8823692
    Latitude
    34.2483129

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    FAQs

    What type of property is this?
    Land - Exceptional 4-acre site in a thriving retail and residential hub.
    Where is this land located?
    The property is located at 4700 New Centre Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Prime 4-acre RB-zoned parcel, one of Wilmington's last undeveloped.; - Directly adjacent to Target, offering high visibility and traffic.; - Surrounded by national retailers and established multifamily communities.
    (910) 262-3818
    Request Owner's contact information
    4700 New Centre Dr Wilmington, NC 28405
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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
    4700 New Centre Dr Wilmington, NC 28405
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