Office Condo with Tenant in
5014-5034 Randall Pkwy Wilmington, NC
For Sale
Contact for pricing
Office condo for sale with tenant in place until 2027.
Property Size795 SF
Lot Size0.52 Acres
Price / SF$220.13
Days on Market351
Property Features for 5014-5034 Randall Pkwy
General Information
Standard status
Active
Size
795 SF
Lot size
0.52 Acres
Property subtype
OFFICE
Listing Agency:
Town & Country Real Estate
(910) 262-7653
Listed By:
Todd Toconis · License #123283
(910) 262-7653
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:11AM
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
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 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 | $16.6k | $20.88 |
| − Vacancy | −$3.1k | −$3.95 |
| EGI | $13.5k | $16.93 |
| − OpEx | −$3.4k | −$4.23 |
| NOI | $10.1k | $12.70 |
795 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office condo for sale with tenant in place until 2027.
Where is this office units 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.**
