Mixed-Use Property with
For Sale
$1,100,000
2725 Castle Hayne Road, Wilmington, NC 28401
Commercial Sale, Wilmington, NC
Property Size3,100 SF
Lot Size4.56 Acres
Price / SF$188.03
Days on Market250
Property Features for 2725 Castle Hayne Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Subdivision
Not In Subdivision
Directions
Across from Wrightsboro Elementary and Wrightsboro Baptist Church on Castle Hayne Road
Standard status
Active
APN
R03311-006-044-000
Size
5,850 SF
Lot size
4.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tr New A Old Olive S Woods Estate
Legal Description
Tr New A Old Olive S Woods Estate
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Water source
Public
Amenities
roll-up doors
office area
conference room
kitchenette
ADA-compliant restrooms
Building Details
Year built
2026
Listing Agency:
Maritime Realty Corporation
(910) 200-6783
Listed By:
Michael Braton · License #304298
(910) 256-4503
Added: Jan 28
Changed: Sep 8
Last Checked: Oct 5 at 4:06AM
MLS# 100551627
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial frontage, a warehouse under construction, office space, and three residential rental units across three parcels. The new warehouse is planned at 3,100 square feet and includes two 12-by-12-foot roll-up doors, a 1,200-square-foot office component, two private offices, a conference room, kitchenette, and ADA-compliant restrooms. Electric heating, public water, and septic service are identified for the property.
The site contains approximately 4.56 acres, including about 300 feet of road frontage. B-1 and R-20 zoning are identified, creating separate commercial and residential land-use areas. Existing residential improvements include a single-family home and a duplex, with one unit occupied; the homes are being sold as-is. The warehouse carries a one-year lease, while one duplex unit is leased month to month. The property is located along Castle Hayne Road near the I-40 bypass, Downtown Wilmington, ILM Airport, and the Castle Hayne area.
The site contains approximately 4.56 acres, including about 300 feet of road frontage. B-1 and R-20 zoning are identified, creating separate commercial and residential land-use areas. Existing residential improvements include a single-family home and a duplex, with one unit occupied; the homes are being sold as-is. The warehouse carries a one-year lease, while one duplex unit is leased month to month. The property is located along Castle Hayne Road near the I-40 bypass, Downtown Wilmington, ILM Airport, and the Castle Hayne area.
Key Highlights
- Approximately 4.56 acres across three parcels at 2723, 2725, and 2727 Castle Hayne Road
- Approximately 1.7 acres of B‑1 land with 300 feet of road frontage
- New 3,100‑square‑foot warehouse with two 12'x12' roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,940
$1.5M
Cap Rate 7%
$1,061,386
$1.1M
Cap Rate 9%
$825,522
$825.5K
Market Conditions
NOI Build-Up for 5,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.1K $20.88/SF
− Vacancy
−$23.1K −$3.95/SF
EGI
$99.1K $16.93/SF
− OpEx
−$24.8K −$4.23/SF
NOI
$74.3K $12.70/SF
Area
Wilmington, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,940
Cap Rate 7%
$1,061,386
Cap Rate 9%
$825,522
Alternative Uses
Best Use
Mixed Use
$70.54M
$61.73M – $82.30M
NOI $4,938,007 @ 7.0% cap · market cap 448.91%
Second Best
Office B
$1.06M
$928.7K – $1.24M
NOI $74,297 @ 7.0% cap · market cap 6.75%
Theoretical Best
Multifamily LT 5
$71.63M
$62.68M – $83.57M
NOI $5,014,087 @ 7.0% cap · market cap 455.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning support a flexible development profile with warehouse, office, and existing residential improvements.
Where is this mixed-use property located?
The property is located at 2725 Castle Hayne Road Wilmington, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 4.56 acres across three parcels at 2723, 2725, and 2727 Castle Hayne Road; Approximately 1.7 acres of B‑1 land with 300 feet of road frontage; New 3,100‑square‑foot warehouse with two 12'x12' roll‑up doors
