Technical
Financial
Distress signals
Property profile

1423 Crooked Pine Rd Wilmington, NC 28411

FOR SALE
Land
Property ID
US53-2201772
4.93 ac lot
Saved · see the list in your Dashboard
1423 Crooked Pine Rd, Wilmington, NC 28411 For Sale
Contact for pricing
1423 Crooked Pine Rd, Wilmington, NC 28411
View Listing →

Property summary

AI-generated overview

This exceptional 4.93-acre parcel of land presents a unique opportunity for residential development in a rapidly growing area of New Hanover County, North Carolina. Located at 1423 Crooked Pine Rd, Wilmington, NC 28411 (APN: R02700-001-004-007), this heavily wooded vacant land boasts approximately 470 feet of frontage along Crooked Pine Rd, a dirt road. The property is situated at the end of Murrayville Rd as it transitions to Crooked Pine Rd, and will be conveniently located east of the planned Murrayville Rd Extension, which will connect to Military Cutoff Extension, enhancing accessibility. Zoned R-15 Residential District, this land is ideal for single-family residential construction. The asking price is $440,000, translating to approximately $86,206 per acre. Its proximity to Hanover Reserve, a proposed mixed-use development, further underscores its potential for significant appreciation. This is a rare opportunity to acquire a substantial residential lot in a desirable and rapidly developing part of Wilmington. Don't miss out on this chance to build your dream home or develop a residential project in a prime location.

Property profile

Verified
Property type Land
Lot 4.93 ac (214,751 SF)
UPID US53-2201772

Cap rate & NOI

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

Location

1423 Crooked Pine Rd Wilmington, NC 28411
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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