Office Condo with Tenant in
For Sale
Contact for pricing
5014-5034 Randall Pkwy, Wilmington, NC
Office condo for sale with tenant in place until 2027.
Property Size795 SF
Lot Size0.52 Acres
Price / SF$220.13
Days on Market451
Property Features for 5014-5034 Randall Pkwy
General Information
Standard status
Active
Size
795 SF
Lot size
0.52 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
New Market Center
Listing Agency:
Town & Country Real Estate
(910) 763-7500
Listed By:
Todd Toconis · License #123283
(910) 262-7653
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Nov 4
Last Checked: Nov 3 at 9:19AM
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 Town & Country Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office space is located within the Carolina Place office condos. The layout includes four offices, a reception area, and a private bathroom. A tenant is currently in place with a lease extending through August 31, 2027; lease terms are available upon request. On-site parking is provided. The COA fee covers water, sewer, and trash services. The property has a size of 795 square feet.
Key Highlights
- Tenant in place through 8/31/2027 providing immediate income.
- Located in Carolina Place office condos.
- Includes 4 offices, reception area, and private bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,097
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,940
$201.9K
Cap Rate 7%
$144,243
$144.2K
Cap Rate 9%
$112,189
$112.2K
Market Conditions
NOI Build-Up for 795 SF
Gross rent
$16.6K $20.88/SF
− Vacancy
−$3.1K −$3.95/SF
EGI
$13.5K $16.93/SF
− OpEx
−$3.4K −$4.23/SF
NOI
$10.1K $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%
$201,940
Cap Rate 7%
$144,243
Cap Rate 9%
$112,189
Alternative Uses
Best Use
Office B
$144.2K
$126.2K – $168.3K
NOI $10,097 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.73M
$8.52M – $11.36M
NOI $681,402 @ 7.0% cap · market cap 389.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo for sale with tenant in place until 2027.
Where is this office unit located?
The property is located at 5014-5034 Randall Pkwy Wilmington, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Tenant in place through 8/31/2027 providing immediate income.; Located in Carolina Place office condos.; Includes **4 offices, reception area, and private bathroom.**
