Retail Space For
For Sale
$2,595,000
722 S 17th St, Wilmington, NC 28401
Retail space available for sale at 722 17th St in Wilmington, NC 28401.
Property Size10,088 SF
Days on Market114
Property Features for 722 S 17th St
General Information
Standard status
Active
Size
10,088 SF
Property subtype
Retail
Site & Location
Neighborhood
Carolina Place / Ardmore
Building Details
Building Size
10,088 SF
Year Built
2014
Listing Agency:
Lee and Associates
Listed By:
Sandy Thorpe
(910) 352-6787
Source:
Lee-associates
Added: Jul 3
Changed: Oct 6
Last Checked: Oct 23 at 5:10AM
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 Lee and Associates
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Investment Insights
Based on property information with market context.
This offering presents a retail space available for sale. The property is listed for purchase as a commercial retail asset and is positioned to serve retail-oriented needs for an owner-occupant or investor.
The address is 722 17th St, Wilmington, NC 28401. Additional details such as building size, unit configuration, tenant status, and on-site improvements are not provided in the available information, so interested parties should inquire for the complete due-diligence package.
The address is 722 17th St, Wilmington, NC 28401. Additional details such as building size, unit configuration, tenant status, and on-site improvements are not provided in the available information, so interested parties should inquire for the complete due-diligence package.
Key Highlights
- Retail space for sale at 722 17th St, Wilmington, NC 28401
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,574
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,480
$2.0M
Cap Rate 7%
$1,422,486
$1.4M
Cap Rate 9%
$1,106,378
$1.1M
Market Conditions
NOI Build-Up for 10,088 SF
Gross rent
$158.6K $15.72/SF
− Vacancy
−$16.3K −$1.62/SF
EGI
$142.2K $14.10/SF
− OpEx
−$42.7K −$4.23/SF
NOI
$99.6K $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%
$1,991,480
Cap Rate 7%
$1,422,486
Cap Rate 9%
$1,106,378
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,574 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$123.52M
$108.08M – $144.11M
NOI $8,646,515 @ 7.0% cap · market cap 333.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale at 722 17th St in Wilmington, NC 28401.
Where is this retail space located?
The property is located at 722 S 17th St Wilmington, NC.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Retail space for sale at 722 17th St, Wilmington, NC 28401; Built in 2014
