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Property profile & analytics
FOR LEASE
Office Units

7241 Market St Wilmington, NC 28411

Property ID
US53-0875211
Property summary
AI-generated overview

Middle Sound West Coming Soon! Middle Sound West's Mixed Use Community will be a revolutionary mixed-use development tailored to meet the diverse needs of modern entrepreneurs and retail enthusiasts. Phase 1 of the commercial portion of the development boasts an impressive 27,200 square feet of office space to be delivered by the end of 2026. Phase 2 of the development will offer 30,000 square feet of retail space among five, 6,000 SF freestanding buildings delivered in Q2 2027. Middle South West, enjoys an enviable location, drawing traffic from both residents and professionals alike. Conveniently accessible and strategically positioned, this development offers an unmissable opportunity for businesses seeking a prominent presence within the thriving northern portion of NHC. With 3 main points of ingress and egress from Market Street and Lendire Road, clientele and patrons of the development will have easy access to signalized intersections and to the Military Cutoff Road extension. Elevate your brand and captivate your target audience with a retail, office or restaurant space tailored to perfection. Note: Site plan, building sizes, and placement are subject to change. #wilmingtonofficelease#wilmingtonrestaurantlease#middlesoundwest#classAoffice#officelease

Property profile
Verified
Property type Office Units
UPID US53-0875211
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Drobny Medical Group Medical Group
  • Parker’s Alternator Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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