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    815 College Rd Wilmington, NC 28403

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    For Lease
    Contact for pricing

    Large Vacant Retail Building - 117,346 SF

    Lot size:
    117,346 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, formerly a Kmart, presents a significant opportunity for lease in the thriving Wilmington, North Carolina market. Located at 815 College Road, this single-tenant building boasts a substantial 117,346 square feet of vacant space, ready for immediate occupancy. The property sits on a generous 12.75-acre lot, providing ample space for expansion, parking, or future development. Its prime location in New Hanover County offers excellent visibility and accessibility, making it ideal for a wide range of retail businesses. The building's size and layout offer considerable flexibility for customization to suit a variety of tenant needs. The property is classified as commercial retail and is available for lease. Given its size and location, this property represents a rare opportunity to secure a significant retail presence in a dynamic and growing market. The address is easily accessible and highly visible, ensuring strong potential for customer traffic. The expansive lot size provides significant potential for future development or expansion, catering to the needs of a large-scale operation. This is a truly unique opportunity to establish a substantial retail presence in a desirable location. The property is located in Wilmington, NC, zip code 28403.

    Property Features for 815 College Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,346 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    117,346 SF

    HighLights

    • Prime Wilmington retail location on main corridor.
    • High‑traffic area with 48,000 ADT and signalized access.
    • Excellent visibility across from Harris Teeter, near Trader Joe's, Lowe's, Sam's Club, and other national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deborah H. Littleton, ... Pharmacy Kmart Discount Store Robert Joyce Pharmacy Lee Moore Pharmacy

    Suggested Use

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

    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
    -77.8820124
    Latitude
    34.2195399

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    FAQs

    What type of property is this?
    Retail property - Large Vacant Retail Building - 117,346 SF
    Where is this retail property located?
    The property is located at 815 College Rd Wilmington, NC.
    What are key features of this property?
    This property features: Prime Wilmington retail location on main corridor.; High-traffic area with 48,000 ADT and signalized access.; Excellent visibility across from Harris Teeter, near Trader Joe's, Lowe's, Sam's Club, and other national retailers.
    Request Owner's contact information
    815 College Rd Wilmington, NC 28403
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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
    815 College Rd Wilmington, NC 28403
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