Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4706 New Ctr Dr Wilmington, NC 28405-3444
    Back to Search
    Property profile & analytics

    4706 New Ctr Dr Wilmington, NC 28405-3444

    View on Map
    • Hotels
    • 34,560 SF
    • 2.33 lot acres
    Off-Market
    Property ID
    US53-1015914
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Country Inn & Suites by Radisson, Wilmington, NC / Hotel & Motel
    • country inn and suites / Hotel & Motel

    Property Details for 4706 New Ctr Dr

    Year built
    2008
    Lot size
    2.33 lot acres
    Property size
    34,560 SF
    Zone code
    RB,REGIONAL BUSINESS
    Property type
    Hotels
    APN
    R04911-007-027-000
    APU
    R04911007027000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,617,000
      Market price range: $699k - $5.14M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8829
    Latitude
    34.2481
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,290
    $787,600
    $3,743,800
    $4,531,400
    -
    $787,600
    $3,743,800
    $4,531,400

    Comparable in this City

    • Value Estimation
      $3,130,000
      39,192 SF

      5040 Market St

      HOTEL • 39,192 SF
      5040 Market St, Wilmington, NC 28405-3430
      View Details
    • Value Estimation
      $6,175,000
      74,134 SF

      1014 Ashes Dr

      HOTEL • 74,134 SF
      1014 Ashes Dr, Wilmington, NC 28405-8302
      View Details
    • Value Estimation by Request
      0.74 Acres

      17 Lennon Dr

      HOTEL • 0.74 Acres
      17 Lennon Dr, Wilmington, NC 28405
      View Details
    • Value Estimation by Request
      0.16 Acres

      Wilmington, NC 28405

      HOTEL • 0.16 Acres
      Wilmington, NC 28405
      View Details
    • Value Estimation
      $4,030,000
      51,066 SF

      5229 Market St

      HOTEL • 51,066 SF
      5229 Market St, Wilmington, NC 28405-3433
      View Details
    • Value Estimation
      $4,500,000
      55,749 SF

      5126 Market St

      HOTEL • 55,749 SF
      5126 Market St, Wilmington, NC 28405-3445
      View Details

    Similar Nearby for Sale

    • $210,000
      972 SF

      Wilmington Office Space - Great Buy!

      972 sq ft Office, Prime Location, $210,000
      108 Kerr Ave, Wilmington, NC 28405
      View Details
    • $2,600,000
      3,000 SF

      Wilmington Commercial Property - 1.26 Acres

      Prime Wilmington location, 3,000 sq ft building on 1.26 acres.
      3205 Kitty Hawk Rd, Wilmington, NC 28405
      View Details
    • $700,000
      3,598 SF

      Wilmington Commercial Space - Princess Place

      Prime Wilmington location, 3,598 sq ft, 0.31 acres. High-potential investment.
      3101 Princess Place Dr, Wilmington, NC 28405
      View Details
    • Contact for pricing
      40,000 SF

      Wilmington Industrial Building on College Road

      40,000 SF industrial building on 4.5 acres for sale.
      112 N College Rd, Wilmington, NC 28405
      View Details
    • Contact for pricing

      Wilmington Undeveloped Land Parcel

      87.07 acres of land near Wilmington's commercial and residential growth.
      2441 Princess Place Dr, Wilmington, NC 28405
      View Details
    • $65,000
      0.18 Acres

      Wilmington Land For Sale

      Residential land available in Wilmington, North Carolina.
      535 Mosley St, Wilmington, NC 28405
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent Wilmington, NC

      Land available for rent in Wilmington, North Carolina.
      4505 Market St, Wilmington, NC 28405
      View Details
    • Contact for pricing
      18,000 SF

      Class A Office Space Proposed

      Proposed 18,000 SF Class A office space for rent.
      821 Military Cutoff Rd, Wilmington, NC 28405
      View Details
    • $32 SF/Yr
      40,500 SF

      Class A Office Space

      Premium office space in the heart of Mayfaire.
      6740 Rock Spring Rd, Wilmington, NC 28405
      View Details
    • Contact for pricing
      1,200 SF

      Retail Spaces on Military Cutoff

      Two 1,200 SF retail spaces with excellent access.
      1113 Military Cutoff Rd, Wilmington, NC 28405
      View Details
    • Contact for pricing
      3,652 SF

      Class A Office Space Available

      Class A office suite in desirable Landfall/Mayfaire submarket.
      1838 Sir Tyler Dr, Wilmington, NC 28405
      View Details
    • Contact for pricing

      Class A Office Suite

      Class A office suite in Landfall/Mayfaire submarket available for lease.
      1055 Military Cutoff Rd, Wilmington, NC 28405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4706 New Ctr Dr
    Wilmington, NC 28405-3444
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4706 New Ctr Dr, Wilmington, NC, 28405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!