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Garden apartment buildings
NC
Wilmington
28412
4544 Fairview Dr

Property profile

4544 Fairview Dr Wilmington, NC 28412

FOR SALE

Garden apartment buildings

Property ID

US53-1803121

36,870 SF 12.73 ac lot Built 2020

Entity Owned 6-yr Hold Absentee Owner Free & Clear

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Contact for pricing 36,870 SF

4544 Fairview Dr, Wilmington, NC 28412
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The property is an approximately 1.26-acre outparcel located within Ansley Park, a mixed-use development in Wilmington, North Carolina, off Carolina Beach Road between Historic Downtown Wilmington and Carolina Beach. The surrounding area provides access to nearby destinations including UNCW, Novant Health (New Hanover Regional Medical Center), The Pointe at Barclay, Long Leaf Mall, and Halyburton Park. Ansley Park includes a multi-family component with more than 200 units and resort-style amenities, with internal connectivity through Fairfield Park and surrounding open green space. The outparcel (Tract 1) is suitable for future office or retail development and is supported by existing infrastructure, including road improvements within the park, off-site stormwater management, and municipal utilities.

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

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

4544 Fairview Dr Wilmington, NC 28412

Wilmington metro Census 12007 WILMINGTON, NC METROPOLITAN STATISTICAL AREA

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Blend (final) Blend

$2.70M

since 2019

3 recorded transactions

2019

$2.9M

2019

$1.8M

1969

Price N/A

Zoning description

dential District. Sec. 18-182. - R-3, Central City Residential District. Sec. 18-183. - MHP, Manufactured Housing Park District. Sec. 18-184. - Multifamily Residential Districts (MF-L, MF-M, MF-MH, MF-H). Sec. 18-185. -…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi

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Value Estimation
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