Executive Multi-Tenant Office
803 Dawson Street Wilmington, NC 28401
For Sale
$1,099,000
Executive multi-tenant office building with 12 suites, four restrooms, kitchen, terrace, and recent major renovations.
Property Size3,471 SF
Price / SF$316.62
Days on Market169
Property Features for 803 Dawson Street
General Information
- Standard status
- Active
- Size
- 3,471 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
Coldwell Banker Sea Coast Advantage
(803) 553-7242
Listed By:
Lara Byrnside
(803) 553-7242
Source:
Baystreetrealtygroup
Added: Feb 4
Changed: Jul 23
Last Checked: Jul 23 at 4:08AM
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 Coldwell Banker Sea Coast Advantage
Investment Insights
Based on property information with market context.
This executive multi-tenant office building offers 12 suites, with 11 occupied. The property includes shared amenities such as four restrooms, a full kitchen, and a large covered terrace. Suite 821 is described as a private suite featuring an open office, a restroom, and a private patio.
Set at a high-profile corner location in downtown Wilmington, the building is positioned for strong daily foot traffic, with 20,000+ cards daily referenced in the remarks. The listing also includes an adjoining 82-by-60 lot that provides off-street parking.
Recent renovations include a newer roof, newer HVAC, and upgraded plumbing and electrical. The building is presented for sale as a portfolio diversification opportunity.
Set at a high-profile corner location in downtown Wilmington, the building is positioned for strong daily foot traffic, with 20,000+ cards daily referenced in the remarks. The listing also includes an adjoining 82-by-60 lot that provides off-street parking.
Recent renovations include a newer roof, newer HVAC, and upgraded plumbing and electrical. The building is presented for sale as a portfolio diversification opportunity.
Key Highlights
- Executive multi‑tenant office building with 12 suites (11 occupied) and building area of 3,471 SF
- High‑profile downtown Wilmington corner location with 82 x 60 adjoining lot providing off‑street parking and total parking for 10 vehicles
- Recent major renovations include newer roof, newer HVAC, plus upgraded plumbing and electrical
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 | $72.5k | $20.88 |
| − Vacancy | −$13.7k | −$3.95 |
| EGI | $58.8k | $16.93 |
| − OpEx | −$14.7k | −$4.23 |
| NOI | $44.1k | $12.70 |
3,471 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$629.8K
$551.0K – $734.7K
NOI $44,083 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$42.50M
$37.19M – $49.58M
NOI $2,975,025 @ 7.0% cap · market cap 270.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Roof Methods
Roofing Company
The Oasis Event Center
Hotel & Motel
FAQs
What type of property is this?
Office building - Executive multi-tenant office building with 12 suites, four restrooms, kitchen, terrace, and recent major renovations.
Where is this office building located?
The property is located at 803 Dawson Street Wilmington, NC.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Executive multi‑tenant office building with 12 suites (11 occupied) and building area of 3,471 SF; High‑profile downtown Wilmington corner location with 82 x 60 adjoining lot providing off‑street parking and total parking for 10 vehicles; Recent major renovations include newer roof, newer HVAC, plus upgraded plumbing and electrical
