Property profile

1806 New Hanover Medical Park Dr Wilmington, NC 28403

FOR SALE
Commercial land
Property ID
US53-3149157
Entity Owned 10-yr Hold
Saved · see the list in your Dashboard
1806 New Hanover Medical Park Dr, Wilmington, NC 28403 For Sale
Contact for pricing
1806 New Hanover Medical Park Dr, Wilmington, NC 28403
View Listing →

Property summary

AI-generated overview

Located just off New Hanover Medical Park Drive, this 0.61-acre vacant lot offers a prime opportunity in one of Wilmington’s most desirable medical corridors—just minutes from Novant Health New Hanover Regional Medical Center. An adjacent 0.77- acre parcel is also available for purchase, allowing buyers the option to expand to nearly 1.4 acres of developable land. Zoned O&I (Office & Institutional) within the City of Wilmington, the property is ideally suited for medical, dental, or professional office use. With utilities already available on-site, the lot is ready for immediate connection and development. Its strategic location near major healthcare providers, flexible zoning, and streamlined development potential make it an excellent choice for professionals seeking to establish or expand their presence in a thriving, high-visibility area. This is a rare opportunity to secure a build-ready site in one of Wilmington’s most active and respected medical and professional service hubs

Property profile

Verified
Property type Commercial land
UPID US53-3149157

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1806 New Hanover Medical Park Dr Wilmington, NC 28403
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2016
2 recorded transactions
2019
Price N/A
2016
$625,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message