Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2214 Wrightsville Ave, Unit 1A Wilmington, NC 28403-2577
    Back to Search
    Property profile & analytics

    2214 Wrightsville Ave, Unit 1A Wilmington, NC 28403-2577

    View on Map
    • Office buildings
    • 823 SF
    Off-Market
    Property ID
    US53-2382050
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ILM Marketing / Marketing & Advertising / Advertising Agency
    • Women's Health Wilmington Psychiatric Medicine, PLLC / Medical Clinic
    • Ready Roofing Company / Roofing Company / General Contractor
    • Southern Premier Roofing / Roofing Company / General Contractor
    • Task Force Protection / Security Service

    Property Details for 2214 Wrightsville Ave

    Year built
    1997
    Construction
    CONCRETE
    Property size
    823 SF
    Zone code
    CS,COMMERCIAL SERVICE
    Property type
    Office buildings
    APN
    R05411-015-003-001
    APU
    R05411015003001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9185
    Latitude
    34.2271
    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
    $747
    $0.00
    $88,400
    $88,400
    -
    $0.00
    $88,400
    $88,400

    Comparable in this City

    • Value Estimation by Request
      558 SF

      109 Hinton Ave Ste, Unit 19

      OFFICE BUILDING • 558 SF
      109 Hinton Ave Ste, Wilmington, NC 28403-4772
      View Details
    • Value Estimation by Request
      648 SF

      109 Hinton Ave Ste, Unit 2

      OFFICE BUILDING • 648 SF
      109 Hinton Ave Ste, Wilmington, NC 28403-4772
      View Details
    • Value Estimation by Request
      456 SF

      3329 Wrightsville Ave, Unit H

      OFFICE BUILDING • 456 SF
      3329 Wrightsville Ave, Wilmington, NC 28403-4115
      View Details
    • Value Estimation
      $10,380,000
      41,160 SF

      510 Carolina Bay Dr

      OFFICE BUILDING • 41,160 SF
      510 Carolina Bay Dr, Wilmington, NC 28403-2041
      View Details
    • Value Estimation by Request
      648 SF

      109 Hinton Ave Ste, Unit 3

      OFFICE BUILDING • 648 SF
      109 Hinton Ave Ste, Wilmington, NC 28403-4772
      View Details
    • Value Estimation by Request
      470 SF

      3329 Wrightsville Ave, Unit A

      OFFICE BUILDING • 470 SF
      3329 Wrightsville Ave, Wilmington, NC 28403-4115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,688 SF

      Market Street Office Building

      Two-story office building with high visibility and ample parking.
      2419 Market St, Wilmington, NC 28403
      View Details
    • $7,000,000
      30,722 SF

      Wilmington Office Building For Sale

      Two-story office building in Wilmington with ample parking.
      5041 New Centre Dr, Wilmington, NC 28403
      View Details
    • $999,999

      Free-Standing Office Building on Market

      Commercial building with high visibility and ample parking.
      2909 Market St, Wilmington, NC 28403
      View Details
    • $999,999

      Free-Standing Office Building on Market

      High-visibility office building with ample parking and large offices.
      2909 Market St, Wilmington, NC 28403
      View Details
    • Contact for pricing
      2,704 SF

      Freestanding Building Near Wrightsville Beach

      2,704 SF building with high visibility near Wrightsville Beach.
      2026 Eastwood Rd, Wrightsville Beach, NC 28403
      View Details
    • Contact for pricing
      6,863 SF

      Eastwood Road Office Property

      Office property with income potential in Wilmington's desirable corridor.
      430 Eastwood Rd, Wilmington, NC 28403
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Office Building in Wilmington

      Office space for lease with ample parking and convenient access.
      1890 Dawson St, Wilmington, NC 28403
      View Details
    • $18 SF/Yr
      2,581 SF

      Versatile Office/Flex Space Available

      Office/flex space in desirable Seagate community, suitable for various uses.
      5740 Park Ave, Wilmington, NC 28403
      View Details
    • New
      $800 /Mo
      200 SF

      Turnkey Office Suites in Wilmington

      Flexible office suites with utilities included, near Wrightsville Beach.
      6209 Oleander Dr, Wilmington, NC 28403
      View Details
    • $25 SF/Yr
      2,923 SF

      New Centre Drive Office Space

      2,923 SF office space in Wilmington, NC for lease.
      5040 New Centre Dr, Wilmington, NC 28403
      View Details
    • Contact for pricing

      Market Street Retail/Office Space

      Retail and office spaces available in high-visibility Market St corridor.
      2705 Market St, Wilmington, NC 28403
      View Details
    • $26 SF/Yr
      2,713 SF

      Office Space Facing Military Cutoff

      Office space featuring private offices, conference room, and kitchenette.
      1508 Military Cutoff Rd, Wilmington, NC 28403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2214 Wrightsville Ave, Unit 1A
    Wilmington, NC 28403-2577
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2214 Wrightsville Ave, Wilmington, NC, 28403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!