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Property profile & analytics

1108 Princess St Wilmington, NC 28401-4336

  • Strip malls
  • 11,080 SF
  • 0.69 lot acres
OFF-MARKET
Value Estimations
$535,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-1071502
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Unleashed Fitness / Gym

Property Details for 1108 Princess St

Year built
1950
Construction
CONCRETE
Lot size
0.69 lot acres
Property size
11,080 SF
Zone code
UMX
Property type
Strip malls
Property subtype
Neighborhood centers
APN
R04818-019-001-000
APU
R04818019001000

Description

This exceptional commercial property, located at 1108 PRINCESS Street in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a substantial 11,430 square feet of space, this property sits on a generous 0.69-acre lot, offering ample room for expansion or development. The property's prime location in Wilmington ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The asking price is $3,395,000. Given its size and location, this property is well-suited for businesses seeking a prominent presence in a thriving market. The substantial lot size provides significant potential for future development or expansion, catering to businesses with growing needs. The property's existing structure offers immediate occupancy, allowing for a quick start to operations. Its strategic location within Wilmington offers easy access to major transportation routes and a diverse customer base. This is a rare opportunity to acquire a significant commercial property in a desirable location, offering both immediate usability and long-term growth potential. Serious inquiries are encouraged to explore the possibilities this property presents. The property is classified as "Other," suggesting versatility in its potential uses. Further due diligence is recommended to determine the suitability for specific business plans.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $455,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $614,000
    Market price range: $463k - $1.18M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Wilmington
County
New Hanover
State
North Carolina
Longitude
-77.9351
Latitude
34.2373
CBSA code
48900
CBSA name
WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,958
$228,300
$713,500
$941,800
-
$228,300
$713,500
$941,800
More about this property
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