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Property profile

3101 Princess Pl Dr Wilmington, NC 28405

OFF-MARKET
Day care centers
Property ID
US53-2197454
View Sample
3,552 SF 0.31 ac lot Built 1997
Individually Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional commercial property, located at 3101 PRINCESS PLACE Drive in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a generous 3,598 square feet of space, this property sits on a sizable 0.31-acre lot, offering ample room for expansion or outdoor utilization. The building's versatile "Other" property type allows for a wide range of potential uses, making it ideal for businesses seeking a flexible and adaptable space. The asking price is $700,000, representing a compelling value in the thriving Wilmington commercial real estate market. Its prime location on Princess Place Drive offers excellent visibility and accessibility, ensuring high traffic and potential for strong returns. The property's size and location make it suitable for a variety of commercial ventures, from retail establishments to offices or specialized businesses. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding the property's specific features and zoning regulations are available upon request. Don't miss this chance to acquire a significant commercial asset in a dynamic and growing area.

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1997
Total area 3,552 SF
Lot 0.31 ac (13,591 SF)
Zoning code CB,COMMUNITY BUSIN
APN R04913-001-004-000
UPID US53-2197454

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

Zoning & alternative use

CB,COMMUNITY BUSIN · Wilmington, NC

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
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