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    8115 Market St, Unit 2D Wilmington, NC 28411-8427
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    Property profile & analytics

    8115 Market St, Unit 2D Wilmington, NC 28411-8427

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    • Medical Office Space
    • 1,530 SF
    Off-Market
    Last Sale Feb 24, 2022
    $260,000
    Property ID
    US53-2427285
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Connect(x) HealthWare / (Bike/Boat/Book/etc) Store / Corporate Office
    • Talley Brian C DDS / Dental Office
    • Provis Media / Marketing & Advertising
    • Medac Urgent Care (Porters Neck) / Medical Clinic
    • Thrive Family Dental / Dental Office

    Property Details for 8115 Market St

    Year built
    2005
    Property size
    1,530 SF
    Zone code
    B-2,BUSINESS DISTRICT
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    R03600-003-124-007
    APU
    R03600003124007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.7952
    Latitude
    34.2973
    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
    $1,204
    $0.00
    $230,500
    $230,500
    -
    $0.00
    $230,500
    $230,500

    Comparable in this City

    • Value Estimation
      $5,030,000
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      7420 Market St

      MEDICAL CLINIC • 25,628 SF
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    • Value Estimation
      $770,000
      3,982 SF

      109 Mendenhall Dr, Unit A

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    • Value Estimation
      $2,595,000
      2.21 Acres

      9010 Senca Dr

      MEDICAL BUILDING • 2.21 Acres
      9010 Senca Dr, Wilmington, NC 28411-6677
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    • Value Estimation
      $4,300,000
      6,018 SF

      8115 Market St, Unit 1C-R

      MEDICAL CLINIC • 6,018 SF
      8115 Market St, Wilmington, NC 28411-8427
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    • Value Estimation by Request
      2,539 SF

      8131 Market St

      MEDICAL CLINIC • 2,539 SF
      8131 Market St, Wilmington, NC 28411-9387
      View Details
    • Value Estimation
      $3,550,000
      17,706 SF

      105 Scotts Hl Medical Dr

      MEDICAL CLINIC • 17,706 SF
      105 Scotts Hl Medical Dr, Wilmington, NC 28411-7983
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,440 SF

      Office Space in Olive Branch

      Office suite in a wellness-focused business community.
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    • $750,000
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      Wilmington Land with Development Potential

      8.84 acres in Wilmington, suitable for assisted living facility.
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      Porters Neck Wooded Parcel

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      Wilmington Land Ready For Development

      Unimproved land prime for development in Wilmington, North Carolina.
      7500-7516 Plantation Rd, Wilmington, NC 28411
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    • $350,000
      5.14 Acres

      Undeveloped Wooded Land Parcel

      5.14 acres of undeveloped wooded land in Wilmington, NC.
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development: Middle Sound West

      Mixed-use development with office and retail space, available soon.
      7241 Market St, Wilmington, NC 28411
      View Details
    • $153,672
      6,403 SF

      Porters Neck Commercial Space Available

      6,400+ SF commercial space in rapidly growing Porters Neck.
      155 Porters Neck Rd, Wilmington, NC 28411
      View Details
    • $16 SF/Yr
      14,400 SF

      Versatile Warehouse/Office Space Available

      14,400 SF warehouse/office space with ample parking and fenced yard.
      6644 Gordon Rd, Wilmington, NC 28411
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    • Contact for pricing

      Porters Neck Office Condo

      Premier office building in Wilmington's Porters Neck submarket.
      8115 Market St, Wilmington, NC 28411
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    • $38 SF/Yr
      6,000 SF

      New Retail/Office Build-to-Suit Opportunity

      New construction retail/office space available for lease in Wilmington.
      7495 Market St, Wilmington, NC 28411
      View Details
    • Contact for pricing
      150 SF

      Executive Office Space For Rent

      Class A office space in Ogden Porters Neck area.
      7627 Market St, Wilmington, NC 28411
      View Details
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    Wilmington, NC 28411-8427
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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