Adjoining Office Units with
For Sale
$1,299,500
3417-3421 Wrightsville Ave, Wilmington, NC 28403
Two adjoining parcels provide adaptable commercial space under Community Business zoning with on-site parking.
Property Size3,942 SF
Lot Size0.78 Acres
Price / SF$329.65
Days on Market138
Property Features for 3417-3421 Wrightsville Ave
General Information
Standard status
Active
Size
3,942 SF
Lot size
0.78 Acres
Property subtype
Commercial
Zoning
CB
Building Details
Year Built
1946
Buildings
2
Building Size
3,942 SF
Listing Agency:
Intracoastal Realty Corporation
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Source:
Coastalrealtyassociates
Added: May 31
Changed: Oct 1
Last Checked: Oct 14 at 11:36PM
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 Intracoastal Realty Corporation
Investment Insights
Based on property information with market context.
This offering combines two adjoining parcels with approximately 3,942+ square feet of commercial improvements and nearly 0.78 acres of land. The buildings include a 900-square-foot structure at 3417 Wrightsville Avenue and an approximately 3,042-square-foot building at 3421 Wrightsville Avenue. Together, the improvements provide separate structures that can support office, retail, service, showroom, creative, medical-related, or other professional applications identified in the property information.
The site is positioned along Wrightsville Avenue in Wilmington and includes on-site parking with convenient access. Community Business (CB) zoning applies to the combined property. The improvements date to 1946, and the two-building layout offers a flexible configuration for an owner-user, investor, expanding business, or redevelopment plan.
The site is positioned along Wrightsville Avenue in Wilmington and includes on-site parking with convenient access. Community Business (CB) zoning applies to the combined property. The improvements date to 1946, and the two-building layout offers a flexible configuration for an owner-user, investor, expanding business, or redevelopment plan.
Key Highlights
- Approximately 3,942+ square feet of commercial improvements
- Nearly 0.78 acres across two adjoining parcels
- 900‑square‑foot building at 3417 Wrightsville Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,064
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,280
$1.0M
Cap Rate 7%
$715,200
$715.2K
Cap Rate 9%
$556,267
$556.3K
Market Conditions
NOI Build-Up for 3,942 SF
Gross rent
$82.3K $20.88/SF
− Vacancy
−$15.6K −$3.95/SF
EGI
$66.8K $16.93/SF
− OpEx
−$16.7K −$4.23/SF
NOI
$50.1K $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%
$1,001,280
Cap Rate 7%
$715,200
Cap Rate 9%
$556,267
Alternative Uses
Best Use
Office B
$715.2K
$625.8K – $834.4K
NOI $50,064 @ 7.0% cap · market cap 3.85%
Second Best
Retail
$555.9K
$486.4K – $648.5K
NOI $38,910 @ 7.0% cap · market cap 2.99%
Theoretical Best
Multifamily LT 5
$48.27M
$42.23M – $56.31M
NOI $3,378,724 @ 7.0% cap · market cap 260.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
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 - Two adjoining parcels provide adaptable commercial space under Community Business zoning with on-site parking.
Where is this office units located?
The property is located at 3417-3421 Wrightsville Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $1,299,500.
What are key features of this property?
This property features: Approximately 3,942+ square feet of commercial improvements; Nearly 0.78 acres across two adjoining parcels; 900‑square‑foot building at 3417 Wrightsville Avenue
