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5014-5032 Randall Pky 9,666 SF 100% Leased Office Building Wilmington, NC 28403 $175,000 ($18.10/SF) 6.82% Cap Rate
Investment Highlights
- Instant Income - Tenant currently in place through 8/31/2027
- Water, sewer and trash included in COA fee.
- Main Corridor from UNCW to Downtown Wilmington
Executive Summary
5024 Randall Pkwy (second floor condo)
Second floor retail/office space in Carolina Place office condos. Features 4 offices, reception and private bathroom. Tenant currently in place through 8/31/2027. Lease terms available upon request. On-site parking. Water, sewer and trash included in COA fee.
Second floor retail/office space in Carolina Place office condos. Features 4 offices, reception and private bathroom. Tenant currently in place through 8/31/2027. Lease terms available upon request. On-site parking. Water, sewer and trash included in COA fee.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$13,101
|
$1.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$13,101
|
$1.36
|
| Taxes |
$1,171
|
$0.12
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,171
|
$0.12
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $13,101 |
| Annual Per SF | $1.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $13,101 |
| Annual Per SF | $1.36 |
| Taxes | |
|---|---|
| Annual | $1,171 |
| Annual Per SF | $0.12 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,171 |
| Annual Per SF | $0.12 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
9,666 SF
Building Class
B
Year Built
1984
Price
$175,000
Price Per SF
$18.10
Cap Rate
6.82%
NOI
$11,930
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
795 SF
Slab To Slab
10’
Zoning
O&I,OFFICE - Office & Institutional
Parking
45 Spaces (4.66 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aaron Paige Salon
- Services
- -
- -
- -
- Assured Care
- Health Care and Social Assistance
- -
- -
- -
- Dany Tax Service
- -
- -
- -
- -
- Goins Michael Dr
- Health Care and Social Assistance
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
HearingLife is part of Demant, a hearing healthcare group whose origins date to 1904, when Hans Demant helped create the company after seeking hearing help for his wife, Camilla. The company focuses on hearing care for people with hearing loss, offering hearing assessments, hearing aid fitting and selection, and ongoing aftercare through a network of hearing centers in the United States. HearingLife also supports customers with remote services and customer service options, while the broader Demant group spans hearing care, hearing aids, and diagnostics.
- JG CPA
- -
- -
- -
- -
- Keith Ketchum Photography Inc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Mega Force
- -
- -
- -
- -
- Simply Gorgeous Hair Salon
- Services
- -
- -
- -
- Tangerine Salon
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aaron Paige Salon | Services | - | - | - | ||
| Assured Care | Health Care and Social Assistance | - | - | - | ||
| Dany Tax Service | - | - | - | - | ||
| Goins Michael Dr | Health Care and Social Assistance | - | - | - | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| JG CPA | - | - | - | - | ||
| Keith Ketchum Photography Inc | Professional, Scientific, and Technical Services | - | - | - | ||
| Mega Force | - | - | - | - | ||
| Simply Gorgeous Hair Salon | Services | - | - | - | ||
| Tangerine Salon | Services | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,213,000 | |
| Land Assessment | $0 | Annual Taxes | $1,171 ($0.12/SF) |
| Improvements Assessment | $1,213,000 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$1,213,000
Total Assessment
$1,213,000
Annual Taxes
$1,171 ($0.12/SF)
Tax Year
2025
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Matterport 3D Tour
Photos
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5014-5032 Randall Pky
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