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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

815 College Rd Wilmington, NC 28403

117,346 SF 12.75 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 117,346 SF
Lot 12.75 ac (555,390 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Deborah H. Littleton, RPH Pharmacy
  • Kmart Discount Store
  • Robert Joyce Pharmacy
  • Lee Moore Pharmacy
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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