3340 Jaeckle DrWilmington, NC 28403

Property Details for 3340 Jaeckle Dr

Year built

2005

Lot size

3.76 AC

Property size (Sq ft)

38,551 SF

Zone code

O&I-1

Property type

Office properties

Property subtype

Office buildings

APN

R05505-004-024-000

APU

R05505004024000

Description

The Randall Building at Burnt Mill Business Park offers exceptional office space in the heart of midtown Wilmington, North Carolina. This prime location provides easy access to local amenities and businesses. Two available suites offer a total of 2,470 to 3,226 square feet of flexible, traditional office space, perfect for businesses seeking a professional and productive environment. The building is part of the Burnt Mill Business Park, a well-maintained and established business community. The suites are designed to cater to multiple tenants, offering a full-service experience. The address is 3340 Jaeckle Dr, Wilmington, NC 28403. This is an excellent opportunity for businesses looking to establish or expand their presence in a thriving area of Wilmington. The property is categorized as both Office and Retail, making it suitable for a variety of business types. Lease rates are subject to negotiation, with a potential reduction of $4.50 per square foot from the initial lease rate to arrive at the net base rent. This represents a significant opportunity to secure high-quality office space in a desirable location at a competitive price. Contact us to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $9,344,531

  6.5%

  $8,625,721

  7%

  $8,009,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,205,279

  Geo Method

  $8,848,997

• Alternative Use

  Use

  Valuation

  Residential

  $10,695,894

  Hospitality

  $9,797,381

  Educational

  $8,151,306

  Medical

  $8,431,642

  Retail

  $12,679,810

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2318

Longitude

-77.8984

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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