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    Property profile & analytics
    OFF-MARKET Estimated value $1,305,000
    Warehouses

    1315 5th Ave, Wilmington, NC 28401-6261

    43,043 SF 1.9 ac lot Built 1951
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2132712
    Property summary
    AI-generated overview

    This exceptional commercial property located at 1315 S 5th Avenue in Wilmington, North Carolina, presents a significant investment opportunity. Boasting a substantial 44,841 square feet of space, this property sits on a generous 1.9-acre lot, offering ample room for expansion or outdoor operations. The building's versatile design makes it suitable for a wide range of industrial uses, from warehousing and distribution to light manufacturing or specialized workshops. Its strategic location in Wilmington provides easy access to major transportation routes, ensuring efficient logistics and convenient commutes for employees and clients. The property's size and location combine to create a compelling proposition for businesses seeking to establish or expand their operations in a thriving market. The asking price of $2,370,000 reflects the significant value and potential this property offers. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial real estate asset. Further details and site visits can be arranged upon request. This is a rare opportunity to acquire a substantial industrial property in a desirable location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1951
    Construction CONCRETE
    Total area 43,043 SF
    Lot 1.9 ac (82,808 SF)
    Zoning code UMX
    APN R05413-040-002-000
    UPID US53-2132712
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Seaboard Social Hall Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.08M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.54M
    Blend (final) Blend
    $1.31M
    Owner & transaction history
    Greenfield Group LLC · 5 yrs held
    Greenfield Group LLC
    since 2021
    Last sale
    $1.6M
    5 recorded transactions
    2021
    2021
    $460,000
    2011
    $230,000
    2009
    1969
    Zoning & alternative use
    UMX · Wilmington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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