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Property profile & analytics
OFF-MARKET Estimated value $3,920,000
Office buildings

2033 Corporate Dr Wilmington, NC 28405-7464

22,880 SF 2.19 ac lot Built 2007
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US53-5661365
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 22,880 SF
Lot 2.19 ac (95,396 SF)
Zoning code PD,PLANNED DEVELPMNT
APN R02620-003-024-000
UPID US53-5661365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pike Engineering Corporate Office
  • Pharmacy Healthcare Innovations Pharmacy
  • AlphaCM Medical Billing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.88M
CAP Approach CAP
$4.77M
Comparable Approach Comparable
$4.39M
Blend (final) Blend
$3.92M
Owner & transaction history
Prosperity Road LLC
Prosperity Road LLC
since 2025
Last sale
$3.7M
7 recorded transactions
2025
$3.7M
2024
Price N/A
2022
Price N/A
2020
Price N/A
2020
$3.1M
2013
Price N/A
2006
$90,000
Zoning & alternative use
PD,PLANNED DEVELPMNT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $6.5M +15.3%
Retail stores $6.2M +10.2%
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