730 Sunnyvale DrWilmington, NC 28412

Property Details for 730 Sunnyvale Dr

Year built

1968

Construction

CONCRETE

Lot size

5.59 AC

Property size (Sq ft)

3,450 SF

Zone code

IND

Property type

Office properties

Property subtype

Office buildings

APN

R06500-007-005-000

APU

R06500007005000

Description

This exceptional 6-acre industrial property at 730 Sunnyvale Drive, Wilmington, NC 28412, presents a unique leasing opportunity. The site boasts a single-tenant occupancy and is ideally situated near the North Carolina State Port, offering unparalleled access to major transportation routes. The property includes a smaller office building situated on 5 of the 6 acres. Previously utilized as an Old Dominion Shipping terminal, this location offers established infrastructure and is zoned for industrial use, making it suitable for a variety of distribution-related businesses. The property is available for lease at a monthly rate of $12,000.00, NNN. This represents a compelling investment opportunity for businesses seeking a strategically located, sizable industrial space in a thriving port city. The property's history as a shipping terminal suggests existing infrastructure that could be advantageous for various industrial operations. Its proximity to the State Port provides significant logistical benefits, reducing transportation costs and improving efficiency. The 5-acre portion with the existing office building offers immediate workspace, while the additional acre provides ample space for expansion or outdoor storage. This is a rare chance to secure a prime industrial property in a high-demand area. The property's zoning ensures compliance and facilitates a smooth transition for prospective tenants. Interested parties are encouraged to inquire further to explore the full potential of this exceptional industrial site.

• CAP approach

  CAP return

  Valuation

  6%

  $836,259

  6.5%

  $771,932

  7%

  $716,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $913,289

  Geo Method

  $791,913

• Alternative Use

  Use

  Valuation

  Residential

  $957,195

  Hospitality

  $876,786

  Educational

  $729,475

  Medical

  $754,563

  Retail

  $1,134,740

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.173

Longitude

-77.9403

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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