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Warehouse with Loft
For Lease
$6,000/Mo NNN

1501 Marstellar Street, Wilmington, NC 28401

Commercial Lease, Wilmington, NC

Space Size7,746 SF
Lot Size0.54 Acres
Days on Market185

Property Features for 1501 Marstellar Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning LI
Parking 10
Subdivision Downtown
Directions Next to SeaView Crab at 16th and Marstellar
Standard status Active
APN R05414-005-003-000
Size 7,746 SF
Lot size 0.54 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT LTS 4/5/6 BLK 532 WILM AND PART OF R/W
Tax Annual Amount 7421
Expense value 6000
Expense SecurityDeposit
Expense freq. One Time
Legal Description PT LTS 4/5/6 BLK 532 WILM AND PART OF R/W

Building Details

Year built 1957
Listing Agency: Aloha Wilmington Real Estate
Listed By: Christian A Cardamone · License #238762
Added: Apr 22 Changed: Oct 22 Last Checked: Oct 23 at 12:06PM
MLS# 100568817

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This freestanding warehouse in Wilmington provides 6,450 square feet of open ground-floor space and a 1,296-square-foot loft. The unconditioned interior includes a restroom, while roll-up doors, a loading ramp, and a dock/bay support goods movement. The 0.54-acre property is enclosed by a security fence and has on-site parking. Built in 1957, the building is zoned LI and offered on a triple net (NNN) lease.

At 1501 Marstellar Street, the property is near the intersection of 16th and Marstellar streets, with access to the Port of Wilmington and major highways.

Key Highlights

  • 6,450 square feet of ground‑floor warehouse space plus a 1,296‑square‑foot loft
  • Open‑span warehouse floor with roll‑up doors, loading ramp, and dock/bay
  • 0.54‑acre fenced property with on‑site parking

Property Analytics

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Open Analytics

Current Use

Moser Mechanical HVAC Service Mike's Duct Shop Business Service Center

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Bakery Law Firm Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

983
Businesses Nearby
Balanced
Demand for This Use

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Wilmington, NC

$14.61 /SF/Yr
Avg Asking Price
$5.67–$23.54 /SF/Yr
Price Range
24,273 SF
Avg Space Size

This space is priced 36% below the average of $14.61 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • Atlantic Moving Systems — 1400 S 5th Ave, Wilmington, NC 28401
  • Murray Transfer And Storage — 1400 S 5th Ave, Wilmington, NC 28401
  • Go Store It Self Storage — 1230 S 15th St, Wilmington, NC 28401
  • Go Store It Self Storage — 1113 S 17th St, Wilmington, NC 28401

Frequently Asked Questions

What type of property is this?
Warehouse - Unconditioned industrial space offers loading infrastructure and a fenced site under an NNN lease.
Where is this warehouse located?
The property is located at 1501 Marstellar Street Wilmington, NC.
What is the lease rate?
The lease rate is $6,000/Mo.
What are key features of this property?
This property features: 6,450 square feet of ground‑floor warehouse space plus a 1,296‑square‑foot loft; Open‑span warehouse floor with roll‑up doors, loading ramp, and dock/bay; 0.54‑acre fenced property with on‑site parking
More about this property
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