8115 Market St Wilmington, NC 28411
- Medical offices
- 5,368 SF
Current Use by Public Records
- Connect(x) HealthWare / Software Company
- Talley Brian C DDS / Dentist
- Provis Media / Website Designer / Internet Marketing Service
- Medac Urgent Care (Porters Neck) / Urgent Care Center
- Thrive Family Dental / Dentist / Emergency Dental Service
Property Details for 8115 Market St
- Year built
- 2005
- Property size
- 5,368 SF
- Zone code
- B-2,BUSINESS DISTRICT
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- R03600-003-124-001
- APU
- R03600003124001
Description
This premier three-story, 60,000-square-foot Class A office condominium building in Wilmington, NC's desirable Porters Neck submarket offers exceptional visibility and accessibility. Located at 8115 Market Street, it boasts direct access and proximity to Bayshore Commons Shopping Center, ensuring high traffic flow. The building, constructed in 2006, features a modern design by architect Michael Kersting, including three stairwells and two elevators servicing all three floors. Ample parking is provided with approximately 238 spaces. The property is zoned B-2 within New Hanover County and has an estimated annual TICAM of $3.75 per square foot. Currently, the building houses a strong tenant roster including Medac, EmergeOrtho, and Benjamin Friberg, DDS, PLLC. Flexible lease and purchase options are available, with a minimum divisible space of 3,449 square feet and a maximum contiguous space of 7,523 square feet. A total of 15,874 square feet is currently vacant. One specific unit, Space 2C-X, is available for purchase at $595,000. The property sits on a 3.9-acre lot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,650,000
- 6.5%
- $1,800,000
- 7%
- $1,855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,500,000
- Geo Method
- $1,655,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,455,000
- Retail
- $1,855,000
- Mixed-Use
- $1,725,000
- Hospitality
- $1,910,000
- Educational
- $1,570,000
- Residential Income
- $1,610,000
- Energy
- $1,400,000
- Income-Based Land
- $1,865,000
- Food Service
- $1,585,000
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
