Retail Storefront with On-Site
For Sale
$340,000
3521 Carolina Beach Road, Wilmington, NC 28412
COMMERCIAL - Wilmington, NC
Property Size1,952 SF
Lot Size0.17 Acres
Price / SF$174.18
Days on Market68
Property Features for 3521 Carolina Beach Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Parking features
Paved or Surfaced
Subdivision
Monkey Junction
Directions
Shipyard Blvd. Left on Carolina Beach Rd., property located on left. * Do not block driveway as it is an easement with business behind the property.
Standard status
Active
APN
R06510-003-001-000
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot PT Styne & Wilson
Tax Annual Amount
1067
Legal Description
Lot PT Styne & Wilson
Utilities
Water source
Public
Building Details
Year built
1945
Flooring type
Vinyl
Building materials
Wood Frame
Roof type
Metal
Listing Agency:
Coldwell Banker Sea Coast Advantage · Coldwell Banker Real Estate
(910) 799-3435
Listed By:
Terri L Lawrence · License #131770
(910) 264-0998
Added: Jun 7
Changed: Aug 4
Last Checked: Aug 13 at 5:06PM
MLS# 100579842
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 retail storefront property offers approximately 1,952 square feet and includes on-site parking with storefront visibility. It is listed for sale as a commercial real estate opportunity with a residential/commercial mix in the immediate area.
The property is located at 3521 Carolina Beach Road in Wilmington, NC 28412, on one of the city’s major roadway corridors. The listing notes convenient access and exposure to surrounding businesses and residential communities, with access to Downtown Wilmington, major highways, and area amenities.
Zoned CB, the building is positioned to serve a range of retail or service business needs that benefit from direct roadside visibility and customer parking.
The property is located at 3521 Carolina Beach Road in Wilmington, NC 28412, on one of the city’s major roadway corridors. The listing notes convenient access and exposure to surrounding businesses and residential communities, with access to Downtown Wilmington, major highways, and area amenities.
Zoned CB, the building is positioned to serve a range of retail or service business needs that benefit from direct roadside visibility and customer parking.
Key Highlights
- Wood frame building with metal roof built in 1945
- Approximately 1,952 sq. ft. building area
- Public water service
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
$19,267
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
5.67%
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%
$385,340
$385.3K
Cap Rate 7%
$275,243
$275.2K
Cap Rate 9%
$214,078
$214.1K
Market Conditions
NOI Build-Up for 1,952 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
$30.7K $15.72/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$27.5K $14.10/SF
− OpEx
−$8.3K −$4.23/SF
NOI
$19.3K $9.87/SF
Area
Wilmington, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
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%
$385,340
Cap Rate 7%
$275,243
Cap Rate 9%
$214,078
Alternative Uses
Best Use
Retail
$275.2K
$240.8K – $321.1K
NOI $19,267 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.90M
$20.91M – $27.88M
NOI $1,673,077 @ 7.0% cap · market cap 492.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28412, NC
42,758
Population
20,704
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
93%
High-School Grad
22.3 sq mi
ZIP Area
1,917
Density / Sq Mi
$67,396
Median Household Income
$40,351
Median Earnings
$1,326
Median Rent
$342,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property with on-site parking and prominent Carolina Beach Road frontage in Wilmington’s CB zoning.
Where is this storefront property located?
The property is located at 3521 Carolina Beach Road Wilmington, NC.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Wood frame building with metal roof built in 1945; Approximately 1,952 sq. ft. building area; Public water service
