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803 Dawson St 3,471 SF 100% Leased Retail Building Wilmington, NC 28401 $1,099,000 ($316.62/SF) 5.85% Cap Rate
Investment Highlights
- High Profile Corner location
- Recent renovations include newer roof, newer hvac and recent upgraded plumbing and electrical
- 12 suites (10 occupied)
Executive Summary
High profile corner location in downtown Wilmington. 20,000+ cards daily. Executive multi-tenant building with 12 suites (11 occupied). Listing includes 82x60 adjoining lot providing off street parking. Recent renovations include newer roof, newer hvac and recent upgraded plumbing and electrical. Four restrooms, full kitchen and large covered terrace. Suite 821 is a private suite offering open office, restroom and private patio. Great property to add to diversify your portfolio!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,300
|
$21.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,300
|
$21.69
|
| Taxes |
$2,000
|
$0.58
|
| Operating Expenses |
$9,000
|
$2.59
|
| Total Expenses |
$11,000
|
$3.17
|
| Net Operating Income |
$64,300
|
$18.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $75,300 |
| Annual Per SF | $21.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,300 |
| Annual Per SF | $21.69 |
| Taxes | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.58 |
| Operating Expenses | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $2.59 |
| Total Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $3.17 |
| Net Operating Income | |
|---|---|
| Annual | $64,300 |
| Annual Per SF | $18.52 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,471 SF
Building Class
C
Year Built
1920
Price
$1,099,000
Price Per SF
$316.62
Cap Rate
5.85%
NOI
$64,292
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
CB
Parking
9 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Solar Select Llc
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Solar Select Llc | Construction | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R05409-024-008-000 | Total Assessment | $291,200 |
| Land Assessment | $70,100 | Annual Taxes | $2,000 ($0.58/SF) |
| Improvements Assessment | $221,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
R05409-024-008-000
Land Assessment
$70,100
Improvements Assessment
$221,100
Total Assessment
$291,200
Annual Taxes
$2,000 ($0.58/SF)
Tax Year
2025
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803 Dawson St
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