Technical
Financial
Distress signals
Property profile

7491 Market St Wilmington, NC 28411

FOR SALE
Other land
Property ID
US53-4898408
1.17 ac lot
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

A new-construction build-to-suit commercial development comprising a main building of 4,000 square feet and an additional available building of 2,400 square feet. County approvals allow for a range of commercial uses, including general retail sales; offices for private businesses and professional activities; business service centers; post office use; medical and dental offices and clinics; veterinary services; instructional services and studios; and personal services. The 2,400-square-foot unit is positioned near the intersection of Torchwood and Market Street. The site is configured for right-in and right-out vehicle access onto Market Street (southbound) from Porters Neck. Construction was planned for a mid-year start with delivery targeted for approximately January 2026, with space delivered either to tenant specifications or as a cold, dark shell with tenant improvements available. The property is situated along Market Street with substantial roadway traffic, estimated at over 45,000 cars passing the site daily.

Property profile

Verified
Property type Other land
Lot 1.17 ac (50,965 SF)
UPID US53-4898408

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
  • Alternative Medicine Practice

Location

7491 Market St Wilmington, NC 28411
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

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?”
More about this property
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