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    501 Manassas Dr Wilmington, NC 28409

    For Sale
    $895,000

    Corner lot approved for medical, dental, banking, and financial services.

    Property size:
    36,600 SF
    Lot size:
    0.84 Acres

    Property Features for 501 Manassas Dr

    General Information

    Size
    36,600 SF
    Lot size
    0.84 Acres

    Source: Maus, Warwick, Matthews & Co. Agent Steve Warwick

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

    Overview

    Signalized Corner Lot For Sale

    This is a signalized corner lot located at the corner of Carolina Beach Road (HWY 421) and Manassas Drive. The 36,600 square foot lot is approved for medical, dental, banking, and financial business services. The surrounding neighborhood includes Myrtle Grove Animal Hospital across Manassas Drive, and a Taco Bell, carwash, and professional services across Carolina Beach Road. Preliminary plans include driveway connections on both Carolina Beach Road and Manassas Drive. The stormwater permit has already been approved by NCDOR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    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
    -77.8994779
    Latitude
    34.1218826

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    FAQs

    What type of property is this?
    Commercial land - Corner lot approved for medical, dental, banking, and financial services.
    Where is this commercial land located?
    The property is located at 501 Manassas Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Signalized corner lot on Carolina Beach Road (HWY 421) and Manassas Drive.; - Approved for medical, dental, banking, and financial business services.; - Stormwater permit is NCDOR-approved.
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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
    501 Manassas Dr Wilmington, NC 28409
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