416 Walnut St, Wilmington, NC
Highly visible corner lot near downtown, Riverwalk, and Brooklyn Arts.
- Added:
- Sep 18, 2025
- Days on Market:
- 267
- Last Refresh:
- May 20 at 8:09 pm
Property Features for 416 Walnut St
General Information
- Standard status
- Active
- Size
- 4,985 SF
- Lot size
- 0.31 Acres
- Property subtype
- SPECIALTY
Listing agent Charlie Baker (704) 564-4053
Listing office Chatham Properties, Inc. (704) 564-4053
Listing date Sep 18, 2025
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 Chatham Properties, Inc.
HighLights
- Highly visible corner lot location in Historic Wilmington.
- Flexible HD‑MU zoning allows for a variety of uses.
- Walkable to Downtown, Riverwalk, Brooklyn Arts District, restaurants, breweries, bars, art galleries and entertainment.
- Adaptive Reuse opportunity.
- On‑site parking.
- Located in the Historic District.
Overview
Local Financial Insights For Hotel Hospitality
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 | $134.6k | $27.00 |
| − Vacancy | −$27.1k | −$5.43 |
| EGI | $107.5k | $21.57 |
| − OpEx | −$56.5k | −$11.33 |
| NOI | $51.1k | $10.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9444
- Latitude
- 34.2401
