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    2501 Wrightsville Ave Wilmington, NC 28403
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    2501 Wrightsville Ave, Wilmington, NC 28403

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    • Commercial real estate
    • 0.77 lot acres
    For Sale
    $550,000
    View Listing →
    Acre Parcel in Midtown Wilmington For Sale
    $550,000
    0.77 Acres

    Acre Parcel in Midtown Wilmington

    Almost 1 acre parcel in midtown Wilmington for sale.

    2501 Wrightsville Avenue, Wilmington, NC 28403
    View Listing
    Property ID
    US53-2096542
    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

    • Commercial real estate

    Property Details for 2501 Wrightsville Ave

    Lot size
    0.77 lot acres
    Property type
    Commercial real estate
    APN
    R05412-001-014-000

    Description

    This exceptional 0.77-acre commercial land parcel presents a rare development opportunity in the heart of Wilmington, North Carolina. Located at 2501 Wrightsville Avenue, this property boasts a CS zoning designation, allowing for a variety of commercial, residential, or mixed-use developments. The asking price is $600,000, translating to a land value of $17.85 per square foot. The substantial lot size offers significant potential for a wide range of projects, from office buildings and retail spaces to flex or industrial facilities, or even multi-family dwellings. This property is uniquely positioned to benefit from the Federal Brownsfield Program, providing attractive incentives for pre-development site work and environmental remediation. The APN is R05412-001-014-000. Situated in New Hanover County, with a Wilmington address and 28403 zip code, this location offers excellent access to major transportation routes and a thriving local economy. Don't miss this chance to acquire a highly desirable commercial lot with exceptional development potential in a rapidly growing area. The property's strategic location and flexible zoning make it an ideal investment for both experienced developers and those seeking a prime location for their next venture.

    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
    -77.9143414
    Latitude
    34.226654

    Comparable in this City

    • Contact for pricing

      Land Near Novant Regional Hospital

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      1810 New Hanover Medical Park Dr, Wilmington, NC 28403
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      Pending

      Acre Parcel in Midtown Wilmington

      Almost 1 acre parcel in midtown Wilmington for sale.
      2501 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $457,500
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      Airlie at Wrightsville Sound Homesite

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      Prime Wilmington Development Opportunity

      CS-zoned land in Wilmington's growth corridor with high visibility.
      2323 Wrightsville Ave, Wilmington, NC 28403
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    • $450,000
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      Airlie at Wrightsville Sound Homesite

      Homesite in prestigious legacy community, minutes from Mayfaire and Wrightsville.
      3762 Pergola Ter, Wilmington, NC 28403
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    Similar Nearby for Sale

    • Contact for pricing

      Land Near Novant Regional Hospital

      0.77-acre vacant lot in Wilmington's medical corridor.
      1810 New Hanover Medical Park Dr, Wilmington, NC 28403
      View Details
    • Contact for pricing
      Pending

      Acre Parcel in Midtown Wilmington

      Almost 1 acre parcel in midtown Wilmington for sale.
      2501 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $457,500
      0.21 Acres

      Airlie at Wrightsville Sound Homesite

      Homesite for custom residence in Wilmington's Airlie neighborhood.
      2019 Sea Cyn Ln, Wilmington, NC 28403
      View Details
    • $298,000
      0.41 Acres

      Prime Wilmington Development Opportunity

      CS-zoned land in Wilmington's growth corridor with high visibility.
      2323 Wrightsville Ave, Wilmington, NC 28403
      View Details
    • $450,000
      0.13 Acres

      Airlie at Wrightsville Sound Homesite

      Homesite in prestigious legacy community, minutes from Mayfaire and Wrightsville.
      3762 Pergola Ter, Wilmington, NC 28403
      View Details

    Similar Nearby for Lease

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      Land Outparcels in Autumn Hall

      Outparcels available in mixed-use development on Eastwood Road.
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      Commercial Land For Ground Lease

      1.10-acre commercial land available for ground lease.
      228 Old Eastwood Rd, Wilmington, NC 28403
      View Details
    • $9,000 /Mo
      35,284 SF

      Wilmington Corner Lot For Lease

      Corner lot in Wilmington, NC, zoned for regional business.
      2726 Shipyard Blvd, Wilmington, NC 28403
      View Details
    • Contact for pricing
      40,000 SF

      Wilmington Land Assemblage For Sale

      6.11 acres with income and redevelopment potential in Wilmington, NC.
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      Freestanding Office Building in Wilmington

      Office space for lease with ample parking and convenient access.
      1890 Dawson St, Wilmington, NC 28403
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      4,800 SF

      Versatile Flex/Industrial Buildings For Lease

      Two adjoining flex/industrial buildings totaling 7,300 SF for lease.
      20 Covil Ave, Wilmington, NC 28403
      View Details
    View Listing
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    Wilmington, NC 28403
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    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.

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    2501 Wrightsville Ave, Wilmington, NC, 28403
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