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Property profile & analytics
OFF-MARKET
Commercial real estate

7403 Plantation Rd Wilmington, NC 28411

9.8 ac lot
Property ID
US53-2087522
Property summary
AI-generated overview

This exceptional 9.8-acre commercial land parcel presents a unique investment opportunity in Wilmington, North Carolina. Located at 7403 Plantation Rd, in New Hanover County (zip code 28411), this property boasts significant development potential. Currently zoned R-15, its highest and best use is projected to be commercial development, driven by planned infrastructure improvements and convenient access. The North Carolina Department of Transportation (NCDOT) has plans for a substantial expansion of Plantation Road, connecting Murrayville Road and Market Street, enhancing accessibility. The Military Cutoff Extension already provides a service road connection to Plantation Road, situated just west of this site. Further supporting commercial development, the New Hanover County Comprehensive Plan designates this property as a Community Mixed Use area. The land is currently wooded and includes an existing residential structure, though no value is assigned to the existing buildings. Utilities are provided by a well and septic system. The asking price for this remarkable property is $2,100,000. The APN is R02800-004-010-000. This is a rare chance to acquire a large tract of land poised for significant growth in a rapidly developing area. Don't miss this opportunity to capitalize on the future of Wilmington's commercial landscape.

Property profile
Verified
Property type Commercial real estate
Lot 9.8 ac (426,888 SF)
APN R02800-004-010-000
UPID US53-2087522
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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