Property profile

6331 Carolina Beach Rd Wilmington, NC 28412

FOR LEASE
Strip malls
Property ID
US53-5428274
14,290 SF 1.36 ac lot Built 2004
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 14,443 square foot retail property, situated on Carolina Beach Road in Wilmington, North Carolina, presents a significant leasing opportunity. The single-story, Class B building, constructed in 2004, sits on a one-acre lot and is zoned B-2 by New Hanover County, allowing for a diverse range of commercial uses. Currently, there is 9,000 square feet of vacant space available for lease within this multi-tenant strip center. The property's prime location on Carolina Beach Road ensures high visibility and accessibility for potential tenants. With its ample square footage and flexible zoning, this property is ideal for businesses seeking a prominent presence in a thriving Wilmington commercial district. The building features a single story and is part of a larger 14,443 square foot complex. The property's address is 6331 Carolina Beach Rd, Wilmington, NC 28412. This presents a unique chance to establish or expand a business in a high-traffic area with significant growth potential. The property's convenient location and flexible zoning make it an attractive option for a variety of retail businesses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction STEEL FRAME
Total area 14,290 SF
Lot 1.36 ac (59,024 SF)
Zoning code B-2,BUSINESS DISTRICT
APN R07900-003-108-000
UPID US53-5428274

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
  • Home Appliance Store Hardware & Home Improvement
  • Home Appliance Store Hardware & Home Improvement
  • Restaurant
  • Furniture & Home Goods

Location

6331 Carolina Beach Rd Wilmington, NC 28412
Wilmington metro Census 12109 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2008
2 recorded transactions
2008
$1.0M
2006
Price N/A

Zoning & alternative use

B-2,BUSINESS DISTRICT · 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?”
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