Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Burgaw Acreage with Highway Frontage Title is generated by Realmo AI

    0 Hwy 421 S Malpass Corner, Burgaw, NC 28425

    View on Map
    Claim this Listing
    For Sale
    $249,900

    Commercial - Burgaw, NC

    Lot size:
    7.23 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    75
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for 0 Hwy 421 S Malpass Corner

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    PIN 2287-34-4989-0000
    Lot size
    7.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Allen

    Listing agent Brian Allen

    Listing office National Land Realty, Southeastern NC 2220 Peanut Plant Road, Wilmington, NC

    Listing date Mar 18, 2026

    MLS# 11690639 Listing URL

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

    HighLights

    • +/- 7.23 acre property with +/- 253' frontage.
    • Excellent potential for residential development or commercial ventures.
    • Conveniently located a short 30‑minute drive from Wilmington and a 20‑25 minute commute to Pender Commerce Park, including the new Amazon Robotics fulfillment center.
    • Flat topography makes the land well‑suited for building.
    • County water available and fiber optic internet access provided by AT&T and ATMC‑FOCUS.
    • Located in a growing market benefiting from population movement inland and increasing demand for affordable land.

    Overview

    This approximately 7.23-acre property, located near Burgaw in Pender County, North Carolina, features approximately 253 feet of frontage. Situated in a rural setting, it is a 30-minute drive north of Wilmington. The flat topography of the land makes it suitable for building. The property is currently zoned for rural agricultural use, offering flexibility for future development. Potential uses include residential development or commercial ventures such as mini-storage facilities, a convenience store, or other small business opportunities. County water is available, and a septic system would be required. Electrical service is provided by Four County EMC, with fiber optic internet available through AT&T and ATMC-FOCUS. The location is approximately a 20-25 minute commute to Pender Commerce Park, a 330-acre industrial site off Highway 421 near New Hanover County. The park will include a new Amazon Robotics fulfillment center, expected to bring approximately 1,000 jobs to the region, along with a new Amazon delivery station anticipated to create an additional 100 jobs. Burgaw and the greater Pender County area are benefiting from steady population movement inland as coastal prices rise.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ritner Goff Kennel & Boarding Facility Red-Tailed Farm Food Processing Plant Codys auto repair ... Auto Repair Shop Black Heart Cove Gym & Fitness Center Adams Mechanical Service Electrical Service

    Suggested Use

    Building Supply Grocery & Convenience Store Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burgaw
    County
    Pender
    State
    North Carolina
    Longitude
    -77.980036
    Latitude
    34.537696

    Nearby Similar for Sale

    • $749,000

      Approved Townhome Project in Burgaw

      Approved 30-unit townhome project in the heart of Burgaw.
      559 N Timberly Lane, Burgaw, NC 28425
      View Details
    • $47,500

      Acreage for Outdoor Enjoyment

      Two-acre lot suitable for outdoor activities and agricultural use.
      351 Burgaw Creek Loop Road, Burgaw, NC 28425
      View Details
    • $700,000
      13,200 SF

      Warehouse Buildings on Highway 53

      13,200 SF warehouse on 12.69 acres near Wilmington.
      4815 Carolina 53, Burgaw, NC 28425
      View Details
    • $499,000

      34-Acre Land Parcel in Burgaw

      Land with permits near I-40 exit 398 in Burgaw, NC.
      Harrell Road, Burgaw, NC 28425
      View Details
    • $199,000
      2,400 SF

      9.72 Acres Land in Burgaw

      9.72 acres of land with a 2400 sqft metal building.
      6816 Nc Hwy. 53 E, Burgaw, NC 28425
      View Details
    • $129,000

      Private Wooded Acreage Near Burgaw

      3.67 acres with road frontage, ideal for custom home.
      Page Road lot: 2R, Burgaw, NC 28425
      View Details
    • $179,000

      Burgaw Acreage Near Wilmington

      5-acre estate near Wilmington with stream and building options.
      Us Hwy 117 S lot: 6, Burgaw, NC 28425
      View Details
    • $139,000

      Wooded Lot in Rural Setting

      Four acre wooded lot suitable for site-built or modular home.
      E Main Street lot: 5, Burgaw, NC 28425
      View Details
    • $350,000

      7.1 Acres in Burgaw, NC

      7.1-acre property with commercial potential in Burgaw, North Carolina.
      5891 Us Hwy. 117, Burgaw, NC 28425
      View Details
    • $259,000

      9+ Acres in Burgaw, NC

      9.17 acres of land near Downtown Burgaw, North Carolina.
      1r & 2r Page Road, Burgaw, NC 28425
      View Details
    • $450,000

      Burgaw Land Development Opportunity

      3.21 acres for residential development in Burgaw, North Carolina.
      Linda Lane, Burgaw, NC 28425
      View Details
    • $169,000

      Land in Burgaw, North Carolina

      5.51 acre land parcel with development potential in Burgaw, NC.
      65 Old Blakes Bridge Road, Burgaw, NC 28425
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.23 acres near Burgaw, NC, suitable for development.
    Where is this commercial land located?
    The property is located at 0 Hwy 421 S Malpass Corner Burgaw, NC.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: +/- 7.23 acre property with +/- 253' frontage.; Excellent potential for residential development or commercial ventures.; Conveniently located a short 30‑minute drive from Wilmington and a 20‑25 minute commute to Pender Commerce Park, including the new Amazon Robotics fulfillment center.
    (910) 998-2728
    We can help!
    Listing Contact
    Brian Allen
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 Hwy 421 S. Malpass Corner, Burgaw, NC 28425
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!