Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1960 South 17th Street Wilmington, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    First floor office space available for lease near hospital.

    Type:OFFICE
    Property size:
    5,328 SF
    Lot size:
    0.54 Acres
    Added:
    May 21, 2021
    Days on Market:
    1812
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 1960 South 17th Street

    General Information

    Standard status
    Active
    Size
    5,328 SF
    Lot size
    0.54 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1960 South 17th Street Contact us

    We can help!

    Listing Contact
    Jack Kilbourne, CCIM
    Jack Kilbourne, CCIM

    Listing agent Jack Kilbourne, CCIM

    Listing office Maus, Warwick, Matthews & Co.

    Listing date May 21, 2021

    Source Moodyscre

    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 Maus, Warwick, Matthews & Co.

    Overview

    Office Space Near Hospital

    This is a first-floor office space available for lease. The property is located near the hospital and offers 5328 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fixn 2 Talk ... Physician Beacon Prosthetics and Orthotics Orthotics & Prosthetics Service Old Republic Title Title Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -77.9254
    Latitude
    34.2112

    Nearby Similar for Lease

    • $12,000/Mo

      Wilmington Industrial Facility with Yard

      Freestanding industrial facility with warehouse, office, and secured yard.
      1501 Marstellar Street, Wilmington, NC 28401
      View Details
    • $1,600/Mo

      Wilmington Retail Space For Lease

      900 SF retail space in a high-traffic Wilmington location.
      4904 Carolina Beach Road, Wilmington, NC 28412
      View Details
    • $800/Mo

      Private Office Space Available

      Single-room office in Wilmington, NC, ideal for small business professionals.
      1901 Kent Street, Wilmington, NC 28403
      View Details
    • $545/Mo

      Downtown Wilmington Flexible Executive Office

      Move-in-ready commercial space in Wilmington's Historic Downtown District.
      404 N 3rd Street, Wilmington, NC 28401
      View Details
    • $4,200/Mo

      Downtown Wilmington Commercial Space Available

      Two-story commercial space with loft in downtown Wilmington.
      271 N Front Street, Wilmington, NC 28401
      View Details
    • $2,350/Mo

      Downtown Wilmington Executive Office Suite

      Furnished office space in the heart of downtown Wilmington.
      404 N 3rd Street, Wilmington, NC 28401
      View Details
    • $153,672 SF/Yr

      Porters Neck Commercial Space Available

      6,400+ SF commercial space in rapidly growing Porters Neck.
      155 Porters Neck Road, Wilmington, NC 28411
      View Details
    • $16 SF/Yr

      Versatile Warehouse/Office Space Available

      14,400 SF warehouse/office space with ample parking and fenced yard.
      6644 Gordon Road, Wilmington, NC 28411
      View Details
    • $1,295/Mo

      Wilmington Commercial Unit For Lease

      648 SF commercial unit ideal for office or light industrial.
      109 Hinton Avenue, Wilmington, NC 28403
      View Details
    • $763/Mo

      Salon Suites in Midtown Wilmington

      All-inclusive salon suites for lease in vibrant Midtown Wilmington.
      916 S 17th Street, Wilmington, NC 28401
      View Details
    • $16,500/Mo

      Wilmington Commercial Space For Lease

      Two-story building in the heart of Wilmington available for lease.
      2451 College Road, Wilmington, NC 28412
      View Details
    • $3,000/Mo

      Wilmington Commercial Space For Rent

      Flexible commercial space with UMX zoning in Wilmington, NC.
      1120 S 3rd Street, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Office units - First floor office space available for lease near hospital.
    Where is this office units located?
    The property is located at 1960 South 17th Street Wilmington, NC.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 1st floor office space; Office space for lease; Near the hospital
    (910) 262-4407 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Kilbourne, CCIM
    Jack Kilbourne, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1960 South 17th Street, Wilmington, NC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!