Equipped Nail
For Sale
$200,000
6932 Market St E, Wilmington, NC 28411
Established salon layout includes client service areas, treatment space, storage, reception, and an extensive product inventory.
Property Size1,181 SF
Price / SF$169.35
Days on Market78
Property Features for 6932 Market St E
General Information
Standard status
Active
Size
1,181 SF
Site & Location
Neighborhood
North Market Corridor
Corner Location
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1997
Listing Agency:
Teresa Batts Real Estate, LLC
Listed By:
Jordan Lanier Barkman · License #284136
(910) 520-3715
Source:
Barefootbrokers
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 7 at 2:45PM
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 Teresa Batts Real Estate, LLC
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Investment Insights
Based on property information with market context.
This spa and wellness property is configured as a nail salon with 8 pedicure spa chairs and 8 manicure workstations. The interior also includes a massage and facial room with a bed, bathroom, storage room, reception area, polish displays, and inventory of polish and dip powder products. High-quality salon equipment is included in the offering.
The property is positioned at the intersection of Market Street and Military Cutoff Drive in Wilmington, with corner exposure, shared parking serving nearby chain businesses, and access to public transit. Built in 1997, the 1,181-size property is arranged for continued salon operations.
The property is positioned at the intersection of Market Street and Military Cutoff Drive in Wilmington, with corner exposure, shared parking serving nearby chain businesses, and access to public transit. Built in 1997, the 1,181-size property is arranged for continued salon operations.
Key Highlights
- 8 pedicure spa chairs and 8 manicure workstations
- Massage and facial room with bed, bathroom, storage room, and reception area
- Polish displays plus polish and dip powder inventory included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,657
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,140
$233.1K
Cap Rate 7%
$166,529
$166.5K
Cap Rate 9%
$129,522
$129.5K
Market Conditions
NOI Build-Up for 1,181 SF
Gross rent
$18.6K $15.72/SF
− Vacancy
−$1.9K −$1.62/SF
EGI
$16.7K $14.10/SF
− OpEx
−$5.0K −$4.23/SF
NOI
$11.7K $9.87/SF
Area
Wilmington, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,140
Cap Rate 7%
$166,529
Cap Rate 9%
$129,522
Alternative Uses
Best Use
Retail
$166.5K
$145.7K – $194.3K
NOI $11,657 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.46M
$12.65M – $16.87M
NOI $1,012,246 @ 7.0% cap · market cap 506.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 28411, NC
37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Established salon layout includes client service areas, treatment space, storage, reception, and an extensive product inventory.
Where is this spa & wellness property located?
The property is located at 6932 Market St E Wilmington, NC.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 8 pedicure spa chairs and 8 manicure workstations; Massage and facial room with bed, bathroom, storage room, and reception area; Polish displays plus polish and dip powder inventory included
