Two-Story Office Building with
5041 New Centre Dr Wilmington, NC 28403
For Sale
Contact for pricing
Noncombustible two-story office building with abundant paved parking, updated elevator access, and handicap-accessible restrooms.
Property Size30,722 SF
Price / SF$227.85
Days on Market57
Property Features for 5041 New Centre Dr
General Information
- Standard status
- Active
- Size
- 30,722 SF
- Property subtype
- Retail
Listing Agency:
Intracoastal Realty Corp
Listed By:
Gwen (Page) Hawley · License #NC
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 23 at 10:20AM
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 Intracoastal Realty Corp
Investment Insights
Based on property information with market context.
This noncombustible, two-story office building features steel beams and concrete construction with fireproof sheetrock. The property includes an updated elevator for convenient second-floor access, as well as a wide stairwell with a landing. A two-story foyer sets the tone at entry, and male and female bathrooms are available on both floors with handicap access. Building systems and enhancements include LED lighting, fiber optic cable throughout the building, and I wave cold plasma generators installed in the rooftop air conditioning units. On-site staff maintain the building daily.
The property sits on an approximately two-acre maintained site with mature landscaping and an abundance of paved parking. It is located in central Wilmington near South College Road and Market Street, with easy access to downtown, Wrightsville Beach, and I-40.
With tenants in place on annual leases, this building may fit buyers looking for a managed, operational office asset with established in-building infrastructure. The mix of elevator and stair access, along with handicap-accessible restrooms on both floors, supports a practical, tenant-friendly layout for a range of office users.
The property sits on an approximately two-acre maintained site with mature landscaping and an abundance of paved parking. It is located in central Wilmington near South College Road and Market Street, with easy access to downtown, Wrightsville Beach, and I-40.
With tenants in place on annual leases, this building may fit buyers looking for a managed, operational office asset with established in-building infrastructure. The mix of elevator and stair access, along with handicap-accessible restrooms on both floors, supports a practical, tenant-friendly layout for a range of office users.
Key Highlights
- Noncombustible two‑story office building with steel beams and concrete construction, fireproof sheetrock
- Over a two‑acre maintained site with abundant paved parking and mature landscaping
- Updated elevator plus wide stairwell access with landing
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 | $641.5k | $20.88 |
| − Vacancy | −$121.2k | −$3.95 |
| EGI | $520.2k | $16.93 |
| − OpEx | −$130.1k | −$4.23 |
| NOI | $390.2k | $12.70 |
30,722 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.57M
$4.88M – $6.50M
NOI $390,177 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$376.17M
$329.15M – $438.87M
NOI $26,332,102 @ 7.0% cap · market cap 376.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
PS Solutions
(Bike/Boat/Book/etc) Store
Cape Fear Volunteer ...
Volunteer Organization
Magnet ABA Therapy ...
Pediatrician
Wilmington Adult Medicine: ...
Physician
Heir Media
Media Distribution
FAQs
What type of property is this?
Office building - Noncombustible two-story office building with abundant paved parking, updated elevator access, and handicap-accessible restrooms.
Where is this office building located?
The property is located at 5041 New Centre Dr Wilmington, NC.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Noncombustible two‑story office building with steel beams and concrete construction, fireproof sheetrock; Over a two‑acre maintained site with abundant paved parking and mature landscaping; Updated elevator plus wide stairwell access with landing
