5424 Oleander DrWilmington, NC 28403

Property Details for 5424 Oleander Dr

Year built

1996

Construction

STEEL FRAME

Lot size

2.23 AC

Property size (Sq ft)

23,244 SF

Zone code

CB,COMMUNITY BUSIN

Property type

Retail properties

Property subtype

Strip malls

APN

R06206-010-005-000

APU

R06206010005000

Description

Willow Woods Arbor, situated at 5424 Oleander Dr, Wilmington, NC 28403, presents a prime retail sublease opportunity. Suite 102, encompassing 1,531 square feet, will become available for lease by late spring 2025. This space is ideally located within the Willow Woods Arbor complex in New Hanover County. The property is classified as retail with an office subtype and features multiple tenancies. Prospective tenants should be aware that this is a sublease arrangement, and any lease terms extending beyond February 2027 will necessitate approval from the primary landlord. It's crucial to remember that the current tenant remains in occupancy

• CAP approach

  CAP return

  Valuation

  6%

  $8,282,283

  6.5%

  $7,645,184

  7%

  $7,099,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,506,031

  Geo Method

  $13,445,278

• Alternative Use

  Use

  Valuation

  Residential

  $6,448,999

  Hospitality

  $5,907,248

  Educational

  $4,914,762

  Medical

  $5,083,788

  Retail

  $7,645,184

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2079

Longitude

-77.8579

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].