Flex Space with Loading
For Sale
$920,000
3421 Wrightsville Ave, Wilmington, NC 28403
Community Business zoning supports office, medical, retail, and service-oriented configurations.
Property Size3,042 SF
Lot Size0.39 Acres
Price / SF$302.43
Days on Market9
Property Features for 3421 Wrightsville Ave
General Information
Standard status
Active
Size
3,042 SF
Lot size
0.39 Acres
Property subtype
Commercial
Zoning
Community Business (CB)
Additional Details
Road Access
Yes
Building Details
Year Built
1983
Buildings
1
Building Size
3,042 SF
Listing Agency:
Intracoastal Realty Corporation
(910) 512-2205
Listed By:
Jeffrey G Hovis · License #234605
Source:
Searchgreateraugustahomes
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 4:20AM
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 3,042-square-foot flex building occupies a 0.387-acre parcel and offers a reconfigurable interior for a range of commercial layouts. The property is suited to professional office, medical or wellness, retail, showroom, creative studio, and service-oriented operations. A loading area with a garage door supports deliveries, inventory handling, and light warehouse functions, while on-site parking serves employees and customers. Built in 1983, the building provides an established commercial footprint with practical operating features.
The property is located on Wrightsville Avenue in Wilmington, near Wrightsville Beach, Midtown Wilmington, Novant Health, UNCW, and Historic Downtown. Its Community Business (CB) zoning and proximity to established neighborhoods and commercial centers provide a broad setting for flexible commercial occupancy.
The property is located on Wrightsville Avenue in Wilmington, near Wrightsville Beach, Midtown Wilmington, Novant Health, UNCW, and Historic Downtown. Its Community Business (CB) zoning and proximity to established neighborhoods and commercial centers provide a broad setting for flexible commercial occupancy.
Key Highlights
- 3,042‑square‑foot flex building on a 0.387‑acre parcel
- Community Business (CB) zoning
- Reconfigurable layout for office, medical, retail, showroom, studio, or service uses
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 | $63.5k | $20.88 |
| − Vacancy | −$12.0k | −$3.95 |
| EGI | $51.5k | $16.93 |
| − OpEx | −$12.9k | −$4.23 |
| NOI | $38.6k | $12.70 |
3,042 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.9K
$482.9K – $643.9K
NOI $38,634 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 3.37%
Theoretical Best
Multifamily LT 5
$37.25M
$32.59M – $43.46M
NOI $2,607,325 @ 7.0% cap · market cap 283.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moe's Southwest Grill — 3512 Oleander Dr, Wilmington, NC 28403
- Irv's Signature Catering — 1016 College Rd, Wilmington, NC 28403
- Clean Eatz — 4389 Oleander Dr, Wilmington, NC 28403
Frequently Asked Questions
What type of property is this?
Flex space - Community Business zoning supports office, medical, retail, and service-oriented configurations.
Where is this flex space located?
The property is located at 3421 Wrightsville Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 3,042‑square‑foot flex building on a 0.387‑acre parcel; Community Business (CB) zoning; Reconfigurable layout for office, medical, retail, showroom, studio, or service uses
