Property profile

4505 Market St Wilmington, NC 28405

FOR LEASE
Turn key restaurants
Property ID
US53-1116430
3,681 SF 1.48 ac lot Built 2015
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.03-acre commercial parcel presents a rare opportunity for retail development in the thriving Wilmington, NC market. Located on Market Street, this property boasts excellent visibility and accessibility, ensuring high traffic volume and strong brand recognition. Multiple points of ingress and egress are available from Market Street, Birchwood Drive, and Kerr Avenue, providing convenient access for customers and employees. The site's strategic location places it in close proximity to established businesses, including Walgreens, Bojangles, and a convenience store, creating a synergistic retail environment. The property is suitable for a variety of retail uses, offering significant potential for growth and return on investment. This single-tenant site is available for both lease and sale, providing flexibility for prospective buyers or tenants. The expansive lot size allows for ample space for building construction and parking, accommodating a wide range of retail concepts. Given its prime location and desirable characteristics, this property represents a compelling investment opportunity in a rapidly growing market. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2015
Construction WOOD FRAME
Total area 3,681 SF
Lot 1.48 ac (64,599 SF)
Zoning code RB,REGIONAL BUSINESS
APN R04914-003-008-000
UPID US53-1116430

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

4505 Market St Wilmington, NC 28405
Wilmington metro Census 11605 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.41M

Owner & transaction history

since 2025
Last sale
$9.6M
6 recorded transactions
2025
$9.6M
2023
Price N/A
2023
$1.2M
2011
Price N/A
2009
Price N/A
2005
Price N/A

Zoning & alternative use

RB,REGIONAL BUSINESS · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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