1015 Ashes DrWilmington, NC 28405

Property Details for 1015 Ashes Dr

Year built

2004

Construction

STEEL FRAME

Lot size

0.03 AC

Property size (Sq ft)

1,332 SF

Zone code

O&I,OFFICE & INSTITUTION

Property type

Office properties

Property subtype

Office buildings

APN

R05100-003-080-012

APU

R05100003080012

Description

This exceptional Class A office building, constructed in 2004 and renovated in 2021, offers 5,900 square feet of space across two stories in a single building. Located at 1015 Ashes Dr, Wilmington, NC 28405 (near Sir Tyler Drive), in the desirable Mayfaire, Landfall submarket of New Hanover County, this property is zoned O&I. The building features one elevator and currently has 720 square feet of vacant space. One remaining suite is available for lease at $1000/month, offering a full-service lease including utilities and amenities. Each suite provides 144 square feet of individually locked, furnished private office space, including a motorized adjustable desk. Tenants also enjoy access to over 3,700 square feet of shared common workspace, a kitchenette, a conference room, and a reception area. 24/7 key fob access is provided. The building's prime location offers unparalleled convenience, being minutes from Mayfaire Center and 10 minutes from the Wilmington airport. This is an ideal location for businesses seeking a prestigious and convenient workspace in Wilmington, North Carolina. The shared space fosters collaboration and networking, while the fully furnished suites allow for immediate occupancy. Flexible lease terms are available to accommodate various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $322,869

  6.5%

  $298,033

  7%

  $276,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,609

  Geo Method

  $305,747

• Alternative Use

  Use

  Valuation

  Residential

  $369,561

  Hospitality

  $338,516

  Educational

  $281,641

  Medical

  $291,327

  Retail

  $438,108

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2402

Longitude

-77.825

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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