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    Carol Lynn Dr Leland, NC 28451

    For Lease
    $120,000

    2.47 Acres, High-Growth Area

    Lot size:
    107,593 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.47-acre commercial land parcel (107,593 square feet) is situated in the thriving Ibis Landing submarket cluster of Leland, NC, within the Wilmington MSA. Located at the corner of Ocean Highway E (29,500 vehicles per day) and Carol Lynn Dr NE, this property offers unparalleled visibility and accessibility. Zoned C-LD (Brunswick County), it presents a unique opportunity for ground lease or build-to-suit development. The site benefits from direct access to Ocean Highway E and proximity to the Carol-Lynn Estates housing development, capitalizing on Leland's explosive growth. Leland is consistently ranked among the fastest-growing towns nationally, with population projections indicating a tripling by 2045, fueled by planned construction of 6,700 new homes. This strategic location near downtown Wilmington and area beaches ensures high traffic volume and strong potential for future development. The property's size and location make it ideal for a variety of commercial uses, offering significant long-term investment potential in one of North Carolina's most dynamic markets. The zip code is 28451.

    Property Features for 0 Carol Lynn Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,593 SF
    Total Rate
    120000

    Unit(s) available at that property

    Space
    Available Space
    Size
    107,593 SF
    Rate per SF
    $120,000

    HighLights

    • High visibility from Hwy 17 (29,500 VPD).
    • Located in a rapidly expanding area of the Wilmington MSA.
    • Proximity to major retailers.
    • Situated within a mixed‑use development including retail and multifamily components.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.0609727
    Latitude
    34.1987793

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    FAQs

    What type of property is this?
    Land - 2.47 Acres, High-Growth Area
    Where is this land located?
    The property is located at Carol Lynn Dr Leland, NC.
    What is the lease rate?
    The lease rate is $120,000.
    What are key features of this property?
    This property features: High visibility from Hwy 17 (29,500 VPD).; Located in a rapidly expanding area of the Wilmington MSA.; Proximity to major retailers.
    Request Owner's contact information
    Carol Lynn Dr Leland, NC 28451
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    Realmo Value Estimation

    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.

    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.

    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
    Carol Lynn Dr Leland, NC 28451
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