5215 Market St Wilmington, NC 28405-3433
Property profile & analytics
5215 Market St Wilmington, NC 28405-3433
- Commercial real estate
- 4,464 SF
- 0.93 lot acres
Property ID
US53-2167710
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.
Location Intelligence
Current Use by Public Records
- Weckel Chiropractic / Alternative Medicine Practice
- Glenn W. Weckel, DC / Alternative Medicine Practice
- The Honey Do Service, Inc. Wilmington / Construction Company / General Contractor
- The Lab Rats - Home / Medical Laboratory
Property Details for 5215 Market St
- Year built
- 1995
- Construction
- STEEL FRAME
- Lot size
- 0.93 lot acres
- Property size
- 4,464 SF
- Zone code
- CB,COMMUNITY BUSIN
- Property type
- Commercial real estate
- APN
- R04900-001-007-001
- APU
- R04900001007001
Description
This exceptional 1,500 square foot single-tenant office suite is ideally situated at 5215 Market Street, Suite A, Wilmington, NC 28405. The property is a traditional office space within a larger building, offering ample space for a variety of business needs. The suite includes office space and storage areas, perfect for a growing company. Located in a high-traffic area of Wilmington, this property benefits from excellent visibility and accessibility. The building is conveniently located near major retailers such as Academy Sports, Costco, Target, and Walmart, ensuring high foot traffic and convenient access for clients and employees. The property is situated on Market Street, a heavily traveled business district, with an impressive 2023 Annual Average Daily Traffic (AADT) of 31,500 vehicles, according to NCDOT data. The suite is approximately 0.34 miles southwest of the intersection of N. College Rd. and I-40, providing easy access to downtown Wilmington and major transportation routes. Twelve designated parking spaces are available for shared use by all building occupants. The property is zoned CB-COMMUNITY BUSINESS (APN: R04900-001-007-001) and features electric power. The building is a single-story structure without elevators. This is a fantastic opportunity for businesses seeking a well-located, functional office space in a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,506,000
- AI Estimate
- $1,104,000
Market price range: $552k - $1.51MMarket price range: $292k - $1.10M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,040,000 Current use
- MEDICAL BUILDING
- $1,355,000 Change: +30% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,275,000 Change: +23% Conversion: Difficult
- RETAIL STORES
- $1,220,000 Change: +17% Conversion: Easy
- OFFICE BUILDING
- $1,105,000 Change: +7% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,100,000 Change: +6% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $985,000 Change: -5% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8773
- Latitude
- 34.2456
- 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
$8,485
$811,600
$192,600
$1,004,200
-
$811,600
$192,600
$1,004,200
