3340 Jaeckle Dr Wilmington, NC 28403-2649
- Office buildings
- 38,551 SF
- 3.76 lot acres
Current Use by Public Records
- Cape Fear Quiet Flyers / Association / Organization
- North Carolina Department of Revenue / Tax Department / State Government Office
- North Carolina Assistive Technology Program / Social Service Agency
- Vocational Rehabilitation / Social Service Agency / Charitable Organization
- Independent Living Rehab Department / State Government Office
Property Details for 3340 Jaeckle Dr
- Year built
- 2005
- Lot size
- 3.76 lot acres
- Property size
- 38,551 SF
- Zone code
- O&I-1
- Property type
- Office buildings
- APN
- R05505-004-024-000
- APU
- R05505004024000
Description
The Randall Building at Burnt Mill Business Park offers exceptional office space in the heart of midtown Wilmington, North Carolina. This prime location provides easy access to local amenities and businesses. Two available suites offer a total of 2,470 to 3,226 square feet of flexible, traditional office space, perfect for businesses seeking a professional and productive environment. The building is part of the Burnt Mill Business Park, a well-maintained and established business community. The suites are designed to cater to multiple tenants, offering a full-service experience. The address is 3340 Jaeckle Dr, Wilmington, NC 28403. This is an excellent opportunity for businesses looking to establish or expand their presence in a thriving area of Wilmington. The property is categorized as both Office and Retail, making it suitable for a variety of business types. Lease rates are subject to negotiation, with a potential reduction of $4.50 per square foot from the initial lease rate to arrive at the net base rent. This represents a significant opportunity to secure high-quality office space in a desirable location at a competitive price. Contact us to schedule a viewing and explore the possibilities.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,705,000
- 6.5%
- $8,035,000
- 7%
- $7,460,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,329,000
- AI Estimate
- $7,218,000
Market price range: $7.65M - $20.7MMarket price range: $4.58M - $12.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $13,490,000 Current use
- COMMERCIAL (GENERAL)
- $12,100,000 Change: -10% Conversion: Easy
- MEDICAL BUILDING
- $11,695,000 Change: -13% Conversion: Easy
- AUTO REPAIR, GARAGE
- $11,005,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8984
- Latitude
- 34.2318
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA