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    609 Shipyard Blvd Wilmington, NC 28412

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    For Sale
    $407,000

    Investment property for sale with a GSA lease.

    Property size:
    1,792 SF
    Lot size:
    5.31 Acres

    Property Features for 609 Shipyard Blvd

    General Information

    Size
    1,792 SF
    Lot size
    5.31 Acres

    Source: Berkshire Hathaway HomeServices Carolina Premier Properties Agent Lynn Harris

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

    Overview

    Office Space with GSA Lease

    This investment property for sale is an end unit located along Shipyard Blvd. The property, with a size of 1792 square feet, has been occupied for years by SSA and utilized for courtroom hearings. The current lease term runs through January 31, 2029.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TECS Coastal Horizon ... Addiction Treatment Center Chiropractic Center of Wilmington Chiropractor Darrel R. Foland, ... Chiropractor Coastal Horizons Clínica ... Mental Health Service Dr. Nimara Snyder Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -77.929206
    Latitude
    34.191822

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    FAQs

    What type of property is this?
    Office space - Investment property for sale with a GSA lease.
    Where is this office space located?
    The property is located at 609 Shipyard Blvd Wilmington, NC.
    What is the asking price?
    The asking price for this property is $407,000.
    What are key features of this property?
    This property features: - Investment property with existing GSA lease.; - Lease term runs through January 31, 2029.; - **Long-term tenant (SSA).**
    (910) 520-1180
    Request Owner's contact information
    609 Shipyard Blvd Wilmington, NC 28412
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    Wilmington, NC 28412
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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
    609 Shipyard Blvd Wilmington, NC 28412
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