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    890 Kerr Ave Wilmington, NC 28403

    Sponsored
    For Lease
    $18 SF/Yr

    Wilmington, NC Office Space Available

    Lot size:
    24,022 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Wilmington, NC office property, located at 890 S Kerr Ave near Wilshire Blvd in the University submarket, offers multiple executive office suites for lease. The two-story, Class B building, constructed in 1989, totals 24,022 square feet and sits on a 0.67-acre lot. Available space ranges from 976 to 3,965 contiguous square feet, with a total of 4,941 square feet currently vacant. The building is zoned CB-Community Business (APN: R05515-001-001-000) and does not include elevators. This convenient location provides ample parking and is close to UNCW and various amenities. On-site businesses include a cafe, wine shop, bagel shop, learning center, and several restaurants. The available suites are situated on the second floor and are ready for immediate occupancy. Ideal for businesses seeking flexible, well-located office space in a thriving Wilmington neighborhood.

    Property Features for 890 Kerr Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,022 SF
    Class
    B
    Total Rate
    36033

    Building Details

    Year Built
    1989
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 200
    Size
    2,308 SF
    Rate per SF
    $18
    Space
    Suites 200 & 210
    Size
    3,965 SF
    Rate per SF
    $18
    Space
    Suite 210
    Size
    1,657 SF
    Rate per SF
    $18

    HighLights

    • 890 S Kerr Ave, Wilmington, NC office building offering multiple executive suites for lease.
    • Two‑story, 24,022 SF Class B building on a 0.67‑acre lot, built in 1989.
    • 4,941 SF of contiguous space available, ranging from 976 SF to 3,965 SF.
    • Second‑floor suites ready for immediate occupancy.
    • Convenient location near UNCW, ample parking, and nearby amenities including cafes and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Etc. Media Group ... Video Production Service Grinders Caffè Bakery Class 101 Wilmington Educational Consultant Consulting Technologies Consultant Family Solutions and Wellness ... Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.887128486031
    Latitude
    34.220569840999

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    FAQs

    What type of property is this?
    Office Property / Space - Wilmington, NC Office Space Available
    Where is this office property / space located?
    The property is located at 890 Kerr Ave Wilmington, NC.
    What is the lease rate?
    The lease rate is $18-$18 SF/Yr.
    What are key features of this property?
    This property features: 890 S Kerr Ave, Wilmington, NC office building offering multiple executive suites for lease.; Two-story, 24,022 SF Class B building on a 0.67-acre lot, built in 1989.; 4,941 SF of contiguous space available, ranging from 976 SF to 3,965 SF.
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    Wilmington, NC 28403
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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
    890 Kerr Ave Wilmington, NC 28403
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