Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7890 Market St Wilmington, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Income-producing commercial property with high visibility on Market Street.

    Type:RETAIL
    Property size:
    2,200 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $415/SF
    Added:
    Oct 24, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 5 at 8:35 pm

    Property Features for 7890 Market St

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Lot size
    0.41 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    James Wicker

    Listing agent James Wicker License #233958

    Listing office Wicker Properties of the Carolinas, Inc.

    Listing date Oct 24, 2025

    Source Moodyscre

    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 Wicker Properties of the Carolinas, Inc.

    Overview

    Market Street Commercial Property For Sale

    This income-producing commercial property is located on Market Street in Wilmington, NC, offering approximately 90 feet of road frontage and traffic exposure. The property includes a 2,200 square foot building on a 0.19-acre lot. It is zoned B-2 (Business District), accommodating a range of commercial and professional uses. Upgrades include a new roof installed in 2019, new windows, and fresh exterior paint planned for 2025. An additional 0.20-acre parcel is available for purchase, providing options for expansion, additional parking, or future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ivey League Barber ... Barber Shop Porters Neck Pilates Gym & Fitness Center intercoastal tatt shack Tattoo & Piercing Shop Pineapple Rustic Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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.

    Similar Places Nearby

    • Flora Verdi — 721 Princess St, Wilmington, NC 28401

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.7987
    Latitude
    34.2914

    Nearby Similar for Sale

    • $3,550,000
      13,320 SF

      Wilmington Multifamily Investment Opportunity

      24-unit multifamily property near UNCW with income upside.
      145 Lullwater Drive, Wilmington, NC 28403
      View Details
    • $1,065,000
      3,542 SF

      Turnkey Wilmington Multifamily Investment Opportunity

      Four-unit property near hospital, shopping, and beaches. Fully income-producing.
      1421 -1425 Wellington Avenue, Wilmington, NC 28401
      View Details
    • $695,000
      3,301 SF

      Wilmington Four-Unit Income Property

      Income-producing four-unit property in Wilmington's Historic Mixed-Use District.
      407 Red Cross Street, Wilmington, NC 28401
      View Details
    • $354,999
      1,350 SF

      Wilmington Duplex: Income and Potential

      Well-maintained duplex with rental income and owner-occupant potential.
      2803 Chappell Avenue, Wilmington, NC 28412
      View Details
    • $582,500
      2,867 SF

      Income-Generating Multi-Family Home

      Four-bedroom home with two separate one-bedroom apartments.
      327 Pinecliff Drive, Wilmington, NC 28409
      View Details
    • $599,000
      2,360 SF

      Wilmington Multifamily Investment Opportunity

      New construction duplex ideal for long-term or short-term rentals.
      1409 N 26th Street, Wilmington, NC 28405
      View Details
    • $364,000
      1,792 SF

      Downtown Wilmington Duplex Opportunity

      Duplex in high-demand area, ideal for investors or owner-occupants.
      509 Walnut Street, Wilmington, NC 28401
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Home

      Historic 4,761 sq ft home in downtown Wilmington.
      118 S 4th Street, Wilmington, NC 28401
      View Details
    • $725,000
      3,096 SF

      Wilmington Duplex: Investment Opportunity

      Rare opportunity to own a fully occupied duplex.
      1308 Corbett Street, Wilmington, NC 28401
      View Details
    • $299,000
      800 SF

      Wilmington Flex Space Condo

      Renovated commercial condo with office, garage, and storage.
      6413 Carolina Beach Road, Wilmington, NC 28412
      View Details
    • $760,000
      2,561 SF

      Historic Downtown Wilmington Furnished Duplex

      Historic downtown Wilmington duplex, furnished, potential for single-family conversion.
      419 S Front Street, Wilmington, NC 28401
      View Details
    • $407,000
      1,526 SF

      Commercial Property with 1940s Charm

      Commercial-zoned property with multiple rooms suitable for office use.
      3415 Wrightsville Avenue, Wilmington, NC 28403
      View Details

    FAQs

    What type of property is this?
    Storefront property - Income-producing commercial property with high visibility on Market Street.
    Where is this storefront property located?
    The property is located at 7890 Market St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $915,000.
    What are key features of this property?
    This property features: High‑visibility location on Market Street with 90 feet of prime road frontage and excellent daily traffic exposure.; Income‑producing commercial property suitable for a wide range of commercial and professional uses (B‑2 zoning).; Well‑maintained 2,200± SF building on a 0.19‑acre lot.
    (919) 770-1665 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Wicker
    Real Estate License ID: 233958
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!