Property profile

0 Carol Lynn Dr Leland, NC 28451

OFF-MARKET
Land
2.47 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 2.47 ac (107,593 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Carol Lynn Dr Leland, NC 28451
Leland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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