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    7753 Alexander Rd Wilmington, NC 28411

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    For Sale
    $9,000,000

    Land suitable for commercial redevelopment in Wilmington's Porters Neck.

    Lot size:
    17.64 Acres

    Property Features for 7753 Alexander Rd

    General Information

    Lot size
    17.64 Acres
    Source: Moodyscre

    Listing Agent: Nicholas Silivanch

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

    Overview

    Wilmington Land for Commercial Redevelopment

    Located off Alexander Road in the Porters Neck submarket of Wilmington, this property currently operates as a mobile home park and has provided stable rental income. Given recent market trends, the property is positioned for commercial redevelopment. Situated just off Market Street/US Highway 17, the property benefits from two points of stoplight access. Due to the current use, all utilities are accessible. The property is zoned R-15, making high-density residential or commercial redevelopment the highest and best use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    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
    -77.811353
    Latitude
    34.287613

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    FAQs

    What type of property is this?
    Land - Land suitable for commercial redevelopment in Wilmington's Porters Neck.
    Where is this land located?
    The property is located at 7753 Alexander Rd Wilmington, NC.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: - Prime location for commercial redevelopment.; - Zoned R-15, allowing for high-density residential/commercial redevelopment.; - Benefit from **two points of stoplight access off of Market St/US Hwy 17.**
    (910) 399-4602
    Request Owner's contact information
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    Wilmington, NC 28411
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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
    7753 Alexander Rd Wilmington, NC 28411
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