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    Wilmington Land Opportunity Title is generated by Realmo AI

    5030 Moonlight Lane, Wilmington, NC 28409

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    Claim this Listing
    Pending
    $1,275,000

    LAND - Wilmington, NC

    Lot size:
    2.54 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for 5030 Moonlight Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-7
    Standard status
    Pending
    APN
    R06100-001-003-000
    Lot size
    2.54 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Pt Lot 9 Montford

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Frederick E Barton

    Listing agent Frederick E Barton License #274182

    Listing office Cadence Realty Corporation 38 N Lumina Ave., Wrightsville Beach, NC

    Listing date Mar 3, 2026

    MLS# 100558085 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully entitled, permitted, and engineered 17‑unit townhome development, ready for construction permit submission.
    • Located in a desirable infill location off Holly Tree Road, Wilmington.
    • Features thoughtfully designed two‑story townhomes (approx. 1,800 sq ft) with rear‑loaded garages.
    • Frontage along Holly Tree Road and the Cross‑City Trail, offering walkability and outdoor connectivity.
    • Proximity to Holly Tree Elementary School, the Racquet Club, and Wilmington Municipal Golf Course; sought‑after school district.
    • Rare opportunity due to rezoning resistance and development scrutiny, providing a competitive advantage.

    Overview

    This is a builder opportunity for a fully entitled, permitted, and engineered 17-unit townhome development. Located off Holly Tree Road on a 2.5-acre tract, the property at 5030 Moonlight Lane has been advanced through the entitlement process. Rezoned in 2023, it has successfully navigated the City of Wilmington's Technical Review Committee, and construction permits are ready to submit. The project features 17 two-story townhomes configured as a mix of duplexes, triplexes, and quadraplexes. Each unit offers a footprint of 20' x 60' with approximately 1,800 heated square feet and rear-loaded garages. A majority of the homes have direct frontage along Holly Tree Road and the Cross-City Trail. Holly Tree Elementary School, the Racquet Club, and Wilmington Municipal Golf Course are nearby, and the site is within one of Wilmington's sought-after school districts. The approvals represent years of work and a meaningful barrier to entry. The land is zoned R-7 and located in Wilmington, North Carolina.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -77.874962
    Latitude
    34.194508

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    FAQs

    What type of property is this?
    Residential land & home lot - Permitted 17-unit townhome development site in desirable Wilmington location.
    Where is this residential land & home lot located?
    The property is located at 5030 Moonlight Lane Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Fully entitled, permitted, and engineered 17‑unit townhome development, ready for construction permit submission.; Located in a desirable infill location off Holly Tree Road, Wilmington.; Features thoughtfully designed two‑story townhomes (approx. 1,800 sq ft) with rear‑loaded garages.
    (910) 547-4594
    We can help!
    Listing Contact
    Frederick E Barton
    Real Estate License ID: 274182
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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