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    Property profile & analytics

    700 Military Cutoff Rd, Unit 2 Wilmington, NC 28405-8380

    • Office buildings
    • 13,000 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $3,525,000
    Last Sale
    Aug 14, 2024
    $3,575,000
    Location Intelligence
    Property ID
    US53-2366969
    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.

    Current Use by Public Records

    • Signature Fencing LLC / Fence Contractor
    • Francis Zwan / Mortgage Lender
    • Port City Ortho / Orthodontist / Dentist
    • Aimee McClellan,LCSW / Counselor
    • Sholar Home Inspections / Home Inspector

    Property Details for 700 Military Cutoff Rd

    Year built
    2006
    Lot size
    0.26 lot acres
    Property size
    13,000 SF
    Zone code
    CB,COMMUNITY BUSIN
    Property type
    Office buildings
    APN
    R05100-004-003-002
    APU
    R05100004003002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,795,000
      6.5%
      $3,400,000
      7%
      $3,420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,190,000
      Geo Method
      $3,240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,015,000
      Retail
      $3,925,000
      Mixed-Use
      $3,315,000
      Hospitality
      $3,395,000
      Educational
      $2,935,000
      Residential Income
      $3,605,000
      Energy
      $3,570,000
      Income-Based Land
      $3,220,000
      Food Service
      $3,465,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8289
    Latitude
    34.2462
    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
    $24,975
    $0.00
    $2,955,600
    $2,955,600
    -
    $0.00
    $2,955,600
    $2,955,600

    Comparable in this City

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      2412 Infantry Rd

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      2412 Infantry Rd, Wilmington, NC 28405-8889
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      6624 Market St Sta, Unit A

      OFFICE BUILDING • 1,152 SF
      6624 Market St Sta, Wilmington, NC 28405-3702
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      118 Cardinal Ext Dr Ste, Unit 105

      OFFICE BUILDING • 663 SF
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      $540,000
      2,774 SF

      5101 Dunlea Ct Ste, Unit 202

      OFFICE BUILDING • 2,774 SF
      5101 Dunlea Ct Ste, Wilmington, NC 28405-3961
      View Details
    • Value Estimation by Request
      663 SF

      118 Cardinal Ext Dr Ste, Unit 104

      OFFICE BUILDING • 663 SF
      118 Cardinal Ext Dr Ste, Wilmington, NC 28405-2482
      View Details

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    Similar Nearby for Lease

    • $35 SF/Yr
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      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
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    • $17 SF/Yr
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      Freestanding Office Building For Rent

      2400 SF office building with well-designed layout available for rent.
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    • $32 SF/Yr
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      Medical Office Space in Mayfaire

      Premier medical office space available for sublease in Wilmington.
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    • $9 SF/Yr
      28,390 SF

      Wilmington Industrial Space Available

      28,390± SF industrial space for lease in Wilmington, NC.
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    • $27 SF/Yr
      15,703 SF

      Class-A Office Space Available

      Second-floor office space with balcony and furniture included.
      1001 Military Cutoff Rd, Wilmington, NC 28405
      View Details
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    Wilmington, NC 28405-8380
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    Realmo Value Estimation

    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.

    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.

    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
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