Flexible Flex Space with Loading
For Sale
$920,000
3421 Wrightsville Ave, Wilmington, NC 28403
Community Business zoning and a garage-door loading area support adaptable commercial operations.
Property Size3,042 SF
Lot Size0.39 Acres
Price / SF$302.43
Days on Market130
Property Features for 3421 Wrightsville Ave
General Information
Standard status
Active
Size
3,042 SF
Lot size
0.39 Acres
Property subtype
Commercial
Zoning
CB
Additional Details
Road Access
Yes
Amenities
loading area with garage door
Building Details
Year Built
1983
Buildings
1
Building Size
3,042 SF
Listing Agency:
Intracoastal Realty Corporation
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Source:
Coastalrealtyassociates
Added: Jun 7
Changed: Oct 1
Last Checked: Oct 12 at 7:52PM
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 space occupies a 0.387-acre parcel and includes a reconfigurable interior suited to professional office, medical or wellness, retail, showroom, studio, and service uses. A dedicated 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 property is zoned Community Business (CB).
The building fronts Wrightsville Avenue in Wilmington, with access to Wrightsville Beach, Midtown Wilmington, Novant Health, UNCW, Historic Downtown, established neighborhoods, and commercial centers. Its combination of adaptable space, loading functionality, parking, and corridor exposure supports both owner-user and investment applications.
The building fronts Wrightsville Avenue in Wilmington, with access to Wrightsville Beach, Midtown Wilmington, Novant Health, UNCW, Historic Downtown, established neighborhoods, and commercial centers. Its combination of adaptable space, loading functionality, parking, and corridor exposure supports both owner-user and investment applications.
Key Highlights
- 3,042‑square‑foot commercial building on a 0.387‑acre parcel
- Zoned Community Business (CB)
- Flexible interior layout for office, medical, retail, showroom, studio, and service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,634
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,680
$772.7K
Cap Rate 7%
$551,914
$551.9K
Cap Rate 9%
$429,267
$429.3K
Market Conditions
NOI Build-Up for 3,042 SF
Gross rent
$63.5K $20.88/SF
− Vacancy
−$12.0K −$3.95/SF
EGI
$51.5K $16.93/SF
− OpEx
−$12.9K −$4.23/SF
NOI
$38.6K $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%
$772,680
Cap Rate 7%
$551,914
Cap Rate 9%
$429,267
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.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Clean Eatz — 4389 Oleander Dr, Wilmington, NC 28403
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- Irv's Signature Catering — 1016 College Rd, Wilmington, NC 28403
Frequently Asked Questions
What type of property is this?
Flex space - Community Business zoning and a garage-door loading area support adaptable commercial operations.
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 commercial building on a 0.387‑acre parcel; Zoned Community Business (CB); Flexible interior layout for office, medical, retail, showroom, studio, and service uses
