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    1201 Castle St Wilmington, NC 28401

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    For Sale
    $475,000

    Mixed-use property near Cargo and Castle Street Arts Districts.

    Property size:
    4,563 SF
    Lot size:
    0.12 Acres

    Property Features for 1201 Castle St

    General Information

    Size
    4,563 SF
    Lot size
    0.12 Acres

    Source: Intracoastal Realty Corp Agent Jeffrey Hovis

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

    Overview

    Corner Commercial Property For Sale

    This commercial property is located at the corner of Castle and 12th Street, near the Cargo District and the Castle Street Arts District. It offers an opportunity for redevelopment or repurposing. The building is zoned UMX, allowing for a variety of uses. The property encompasses approximately 4,563 square feet of usable space, with 3,108 square feet on the downstairs level and 1,455 square feet upstairs. Access to the building is available from the front, side, and rear. This property provides opportunity to create something unique in a thriving area, whether transforming the space into a dynamic commercial venue or a combination of residential and commercial units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -77.932675
    Latitude
    34.229294

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near Cargo and Castle Street Arts Districts.
    Where is this mixed-use property located?
    The property is located at 1201 Castle St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Prime location at the corner of Castle and 12th Street, near the Cargo and Castle Street Arts Districts.; - Zoned UMX, allowing for a variety of uses (redevelopment or repurposing).; - Approximately 4,563 square feet of usable space.
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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
    1201 Castle St Wilmington, NC 28401
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