2033 Corporate Dr Wilmington, NC 28405-7464
This exceptional investment opportunity presents a fully leased, 22,893 square foot Class B office building located at 2033 Corporate Drive in Wilmington, North Carolina. The property boasts a strong 7.43% cap rate and a substantial net operating income (NOI) of $263,618, reflecting a current asking price of $3,550,000. Situated in the Northchase Industrial Park, this multi-tenant building offers convenient access to major roadways including I-40 and I-140, as well as Downtown Wilmington and the Wilmington International Airport. Built in 2008, the property features 77 surface parking spaces and is zoned PD - Planned Development District. The 2.19-acre lot is currently 100% occupied by two tenants: Pike Engineering, leasing units 100 and 200, and Pharmacy Healthcare Innovations, occupying unit 201. This prime location, coupled with the strong financial performance and stable tenancy, makes this an attractive investment prospect for discerning buyers seeking a high-return, low-risk opportunity in a thriving market. The property's strategic location near N. College Road and behind Laney High School provides excellent visibility and accessibility. The building's strong occupancy and consistent cash flow make it an ideal addition to any commercial real estate portfolio. The price per square foot is $155.07. The property's location offers easy access to major transportation arteries, enhancing its appeal to both tenants and investors.
-
Pike Engineering Corporate Office
-
Pharmacy Healthcare Innovations Pharmacy
-
AlphaCM Medical Billing Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PD,PLANNED DEVELPMNT · Wilmington, NCWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.