Newly Renovated Class A Office
For Sale
Contact for pricing
1508 Military Cutoff Rd, Wilmington, NC 28403
±3,375 SF office suite includes reception, six private offices, a large conference room, and open work areas.
Property Size3,375 SF
Price / SF$355.56
Days on Market25
Property Features for 1508 Military Cutoff Rd
General Information
Standard status
Active
Size
3,375 SF
Net Rentable
3,375 SF
Class
Class A
Property subtype
OFFICE
Additional Details
Furnished
Yes
Amenities
reception/waiting area
break area
six private offices
large conference room
storage
data closet
open/cubicle area
large work room
Listing Agency:
Cape Fear Commercial, LLC
(910) 232-4744
Listed By:
Hae Ellis
(910) 232-4744
Source:
Moodyscre
Added: Jul 9
Changed: Jul 29
Last Checked: Aug 1 at 9:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cape Fear Commercial, LLC
Investment Insights
Based on property information with market context.
±3,375 rentable square feet of newly renovated Class A office space is available for purchase in the Landfall/Mayfaire submarket. The suite includes a reception/waiting area, break area, six private offices, a large conference room, storage, a data closet, an open/cubicle area, and a large work room.
The space is offered furnished and ready for immediate occupancy, providing a turnkey option for an operator seeking an installed layout for day-to-day work.
Configured with multiple enclosed offices alongside shared open work areas and conference space, the suite supports both focused work and collaborative meetings within a single office environment.
The space is offered furnished and ready for immediate occupancy, providing a turnkey option for an operator seeking an installed layout for day-to-day work.
Configured with multiple enclosed offices alongside shared open work areas and conference space, the suite supports both focused work and collaborative meetings within a single office environment.
Key Highlights
- ±3,375 rentable SF newly renovated Class A office space available for purchase in the Landfall/Mayfaire submarket
- Furnished office suite with reception/waiting area, break area, and open/cubicle work area
- Includes six (6) private offices and a large conference room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.5k | $20.88 |
| − Vacancy | −$13.3k | −$3.95 |
| EGI | $57.2k | $16.93 |
| − OpEx | −$14.3k | −$4.23 |
| NOI | $42.9k | $12.70 |
3,375 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$612.3K
$535.8K – $714.4K
NOI $42,863 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$41.32M
$36.16M – $48.21M
NOI $2,892,743 @ 7.0% cap · market cap 241.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 28403, NC
38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - ±3,375 SF office suite includes reception, six private offices, a large conference room, and open work areas.
Where is this office units located?
The property is located at 1508 Military Cutoff Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±3,375 rentable SF newly renovated Class A office space available for purchase in the Landfall/Mayfaire submarket; Furnished office suite with reception/waiting area, break area, and open/cubicle work area; Includes six (6) private offices and a large conference room
