Wilmington, NC
Commercial Real Estate Market Trends & Data

$268 Avg asking sale price
$621 Avg asking lease rate
22,759 SF Avg unit lease size
14,282 SF Avg building size for sale
8.17% Average cap rate

Wilmington's Demographic Profile

Wilmington has 56,444 households and a median income of $57,873, providing context for rent absorption and tenant demand across retail and multifamily assets. A +8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 124,018
# Households 56,444
Median age 38
Median household income $57,873
Avg household size 2.0
Renter-occupied housing units 29,456
5-year population change +8%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Wilmington, NC

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Wilmington $273 23,418 SF 7.53%
Carolina Beach $389 10,285 SF 4.14%
Nearby Retail Markets Avg Cost/SF Typical Size
Wilmington $290 8,137 SF
Castle Hayne $330 8,635 SF
Leland $321 6,101 SF
Surf City $503 10,490 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Wilmington $261 13,715 SF 9.82%
Carolina Beach $378 1,984 SF 5.92%
Leland $222 12,363 SF 6.36%
Jacksonville $319 13,040 SF 7.97%

Commercial Properties For Sale in Wilmington

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Reefs II

Carolina Beach, NC 28428

  • 24,192 SF Multifamily
  • $406,900
For Sale

Unit I

Wilmington, NC 28403

  • 24,633 SF Retail Building
  • 7.30% Cap Rate
  • $525,000
For Sale

6000-6010 Market St

Wilmington, NC 28405

  • 6 AC Lot
  • 1 Commercial Lot
  • $5,100,000
For Sale

7Bridge - Riverlights

Wilmington, NC 28412

  • 1.66 - 5 AC Lots
  • 4 Commercial Lots
  • $664,000 - $5,016,000
For Sale

722-S S 17th St

Wilmington, NC 28401

  • 10,088 SF Retail Building
  • $2,650,000
For Sale

Portside

Wilmington, NC 28401

  • 0.15 AC Lot
  • 1 Commercial Lot
  • $780,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Wilmington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Wilmington $268 14,282 SF
Castle Hayne $313 8,741 SF
Carolina Beach $402 14,390 SF
Navassa $181 28,940 SF

Regional Demographic Comparison

This comparison places Wilmington alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Wilmington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Wilmington 124,018 56,444 38 $57,873 2 29,456 8%
Belville 1,598 624 42 $70,663 2 114 24%
Castle Hayne 1,266 509 44 $61,042 2 143 8%
Carolina Beach 10,886 5,197 52 $82,378 2 1,372 17%
Navassa 1,683 665 40 $55,131 3 172 26%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Wilmington, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Wilmington

View All Commercial Real Estate For Sale in Wilmington
Is Wilmington a good market for a first-time commercial real estate investor?

Wilmington offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Wilmington?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Wilmington. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Wilmington?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Wilmington. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Wilmington compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Wilmington. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Wilmington acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Wilmington, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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