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    Office Unit For Sale Title is generated by Realmo AI

    5024 Randall Pkwy, Wilmington, NC 28403

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    Office unit with 795 square feet of space available.

    Type:Office
    Property size:
    795 SF
    Price / SF:
    $220/SF
    Added:
    Mar 4, 2026
    Days on Market:
    124
    Last Refresh:
    Mar 16 at 2:34 pm

    Property Features for 5024 Randall Pkwy

    General Information

    Standard status
    Active
    Size
    795 SF
    Property subtype
    Office

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    Dan Boyle

    Listing office Town & Country Real Estate

    Listing date Mar 4, 2026

    Source Crexi

    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

    HighLights

    • Office space available
    • 795 SqFt of space

    Overview

    This commercial real estate offering features an office unit with a total area of 795 square feet. The property is located on Randall Parkway in Wilmington, North Carolina.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $681,402 @ 7.0% cap · market cap 389.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rhea Engineers & Consultants, ... Engineering Consultant

    Suggested Use

    Wine and Liquor Store Barber Shop Bed & Breakfast Restaurant Florist Clothing & Fashion Store Travel Agency Fish Market (Bike/Boat/Book/etc) Store Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.878471
    Latitude
    34.2308577

    FAQs

    What type of property is this?
    Office units - Office unit with 795 square feet of space available.
    Where is this office units located?
    The property is located at 5024 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: Office space available; 795 SqFt of space
    More about this property
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