Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2000 Stonecrop Dr Wilmington, NC 28412

    • Land
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2000 Stonecrop Dr

    Lot size
    4.22 lot acres
    Property type
    Land

    Description

    This exceptional 4.22-acre commercial land parcel presents a remarkable investment opportunity in Wilmington, North Carolina's thriving Midtown market. Situated within the master-planned Pointe at Barclay development, this cleared and rough-graded site boasts prime visibility at the intersection of South 17th Street and Independence Boulevard, experiencing high daily traffic counts of 25,467 and 19,367 vehicles respectively. Water and sewer are readily available on-site. The property's strategic location offers unparalleled access to a vibrant mix of retail, restaurant, office, medical, and residential developments, benefiting from the area's strong employment base in healthcare, finance, technology, and higher education. The Pointe at Barclay itself provides a wealth of entertainment and retail amenities, further enhancing the property's appeal and potential. This site is ideally suited for a variety of commercial uses, including retail, office, hotel, or entertainment ventures, promising significant returns for the discerning investor. The asking price is $2,650,000. Don't miss this chance to acquire a premier commercial property in one of Wilmington's fastest-growing areas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9175
    Latitude
    34.1816

    Comparable in this City

    • Value Estimation by Request
      1.87 Acres

      4456 Fairview Dr

      Land • 1.87 Acres
      4456 Fairview Dr, Wilmington, NC 28412
      View Details
    • Value Estimation by Request
      0.22 Acres

      Watercraft Fry Ave

      Land • 0.22 Acres
      0 Watercraft Fry Ave, Wilmington, NC 28412
      View Details
    • Value Estimation by Request
      0.92 Acres

      River Rd

      Land • 0.92 Acres
      0 River Rd, Wilmington, NC 28412
      View Details
    • Value Estimation by Request

      5012 Carolina Beach Rd

      Land
      5012 Carolina Beach Rd, Wilmington, NC 28412
      View Details
    • Value Estimation by Request

      2410 Southhall Dr

      Land
      2410 Southhall Dr, Wilmington, NC 28412
      View Details
    • Value Estimation by Request
      1,040 SF

      5202 Carolina Beach Rd

      Distribution properties • 1,040 SF
      5202 Carolina Beach Rd, Wilmington, NC 28412
      View Details

    Similar Nearby for Sale

    • $795,000
      1.87 Acres

      Wilmington Commercial Land - $795K

      1.87 Acres, MX Zoning, High-Growth Area
      4456 Fairview Dr, Wilmington, NC 28412
      View Details
    • Contact for pricing
      140.00 Acres

      Riverlights Marina Village Sites

      Wilmington Waterfront Commercial Land
      0 Watercraft Fry Ave, Wilmington, NC 28412
      View Details
    • Contact for pricing
      1.13 Acres

      Riverlights Commercial Land Opportunity

      Prime Wilmington waterfront lots for sale.
      0 Watercraft Fry Ave, Wilmington, NC 28412
      View Details
    • Contact for pricing

      Wilmington Commercial Land - The Pointe

      ±4.22-acre pad ready for development.
      0 Barclay Pointe Blvd, Wilmington, NC 28412
      View Details
    • Contact for pricing
      0.92 Acres

      Lake Oswego Executive Office Suites

      Class A Office Space, Downtown Lake Oswego
      0 River Rd, Wilmington, NC 28412
      View Details
    • Contact for pricing
      0.22 Acres

      Riverlights Marina Village Commercial Land

      Prime Waterfront Commercial Land in Wilmington, NC
      0 Watercraft Fry Ave, Wilmington, NC 28412
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Industrial Laydown Yard For Lease

      5.8 acres of industrial land for lease near Wilmington Port.
      800 Sunnyvale Dr, Wilmington, NC 28412
      View Details
    • Contact for pricing
      74,370 SF

      Wilmington Retail Center For Lease

      Prime Wilmington shopping center space available.
      5511 Carolina Beach Rd, Wilmington, NC 28412
      View Details
    • Contact for pricing
      450,125 SF

      Cold Summit NC Warehouse Space

      Large Wilmington warehouse, multiple spaces available.
      187 Raleigh St, Wilmington, NC 28412
      View Details
    • $1,900 /Mo
      1,200 SF

      Retail Space in Busy Center

      High-visibility retail space available in a busy shopping center.
      800 Shipyard Blvd, Wilmington, NC 28412
      View Details
    • $20 SF/Yr
      5,000 SF

      Retail Suites Available For Lease

      Retail suites available for lease in Wilmington, North Carolina.
      5226 College Rd S, Wilmington, NC 28412
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Myrtle Grove

      Community shopping center space for lease in Wilmington, NC.
      5605-5609 Carolina Beach Rd, Wilmington, NC 28412
      View Details
    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.
    2000 Stonecrop Dr
    Wilmington, NC 28412
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.