Medical Office with Exam
For Sale
$1,050,000
Pending
2515 Delaney Ave, Wilmington, NC 28403
Healthcare-oriented facility with private offices, patient reception areas, and ADA-accessible restrooms.
Property Size2,699 SF
Days on Market126
Property Features for 2515 Delaney Ave
General Information
Standard status
Pending
Size
2,699 SF
Property subtype
Commercial
Building Details
Year Built
2011
Listing Agency:
Coldwell Banker Sea Coast Advantage
Listed By:
Sherwood Strickland Group
(910) 367-9131
Source:
Coastalrealtyassociates
Added: Jun 13
Changed: Oct 3
Last Checked: Oct 16 at 9:05AM
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 Coldwell Banker Sea Coast Advantage
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Investment Insights
Based on property information with market context.
Constructed in 2011, this 2,699-square-foot medical office is arranged for healthcare and professional operations. The interior includes four exam rooms with sinks and windows, three private offices, two nurse stations, reception and waiting areas, a kitchenette, file and utility rooms, and two ADA-accessible restrooms.
The property provides 13 on-site parking spaces, along with fiber internet availability and an alarm system. A deep water well supports landscape irrigation. O&I zoning and the existing configuration support physician, dental, therapy, chiropractic, behavioral health, wellness, veterinary subject to approvals, and other professional office uses.
The property provides 13 on-site parking spaces, along with fiber internet availability and an alarm system. A deep water well supports landscape irrigation. O&I zoning and the existing configuration support physician, dental, therapy, chiropractic, behavioral health, wellness, veterinary subject to approvals, and other professional office uses.
Key Highlights
- 2,699‑square‑foot medical office constructed in 2011
- Four exam rooms with sinks and windows
- Three private offices and two nurse stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,278
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,560
$685.6K
Cap Rate 7%
$489,686
$489.7K
Cap Rate 9%
$380,867
$380.9K
Market Conditions
NOI Build-Up for 2,699 SF
Gross rent
$56.4K $20.88/SF
− Vacancy
−$10.7K −$3.95/SF
EGI
$45.7K $16.93/SF
− OpEx
−$11.4K −$4.23/SF
NOI
$34.3K $12.70/SF
Area
Wilmington, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,560
Cap Rate 7%
$489,686
Cap Rate 9%
$380,867
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.3K
NOI $34,278 @ 7.0% cap · market cap 3.26%
Second Best
Healthcare Medical
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 2.17%
Theoretical Best
Multifamily LT 5
$33.05M
$28.92M – $38.56M
NOI $2,313,337 @ 7.0% cap · market cap 220.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,028
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare-oriented facility with private offices, patient reception areas, and ADA-accessible restrooms.
Where is this medical office space located?
The property is located at 2515 Delaney Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,699‑square‑foot medical office constructed in 2011; Four exam rooms with sinks and windows; Three private offices and two nurse stations
