Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Garden apartment buildings

    4544 Fairview Dr, Wilmington, NC 28412

    36,870 SF 12.73 ac lot Built 2020
    Entity Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1803121
    Property summary
    AI-generated overview

    This exceptional 1.26-acre vacant land parcel presents a prime development opportunity within the thriving Ansley Park mixed-use development in Wilmington, North Carolina. Located at 4544 Fairview Dr Tract 1, this property (APN R07000-003-207-000) is zoned MX-MIXED USE, allowing for versatile development options, including office or retail spaces. Ansley Park boasts a prime location between Historic Downtown Wilmington and Carolina Beach, offering convenient access to UNCW, Novant Health (New Hanover Regional Medical Center), The Pointe at Barclay, Long Leaf Mall, and Halyburton Park. The existing development already includes a new multi-family project with over 200 units and resort-style amenities, including interconnected green spaces. This outparcel benefits from existing infrastructure, including completed road improvements within the park, along with readily available off-site stormwater management and municipal utilities. The asking price for this exceptional development site is $497,700. This presents a unique opportunity to capitalize on the growth and amenities of this burgeoning community. The property's strategic location and existing infrastructure make it an ideal investment for developers seeking a high-potential project in a desirable area of Wilmington, NC. The 28412 zip code ensures easy access to a vibrant and growing market.

    Property profile
    Verified
    Property type Garden apartment buildings
    Use group GARDEN APT, COURT APT (5+ UNITS)
    Year built 2020
    Total area 36,870 SF
    Lot 12.73 ac (554,519 SF)
    Zoning code MX
    APN R07000-003-204-000
    UPID US53-1803121
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.70M
    Owner & transaction history
    Arris Wilmington II LLC · 6 yrs held
    Arris Wilmington II LLC
    since 2019
    3 recorded transactions
    2019
    $2.9M
    2019
    $1.8M
    1969
    Zoning & alternative use
    MX · Wilmington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    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