Retail Building with Warehouse &
For Sale
Contact for pricing
11125 Highway 17, Wilmington, NC 28411
A multi-use retail building with office and warehouse space, offering visibility and access along Highway 17.
Property Size14,125 SF
Price / SF$208.85
Days on Market131
Property Features for 11125 Highway 17
General Information
Standard status
Active
Size
14,125 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
Creative Commercial Properties, Inc
(910) 622-6258
Listed By:
Brian Nadeau · License #334260
(910) 622-6258
Source:
Moodyscre
Added: Apr 15
Changed: Aug 22
Last Checked: May 8 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Creative Commercial Properties, Inc
Investment Insights
Based on property information with market context.
This 14,125-square-foot retail building includes retail floors along with office space and a warehouse component. The layout is designed to support a range of business uses requiring both customer-facing and back-of-house functionality.
Located at 11125 Highway 17 in Wilmington, NC, the property is described as having strong visibility and convenient access for day-to-day operations. With its combined retail, office, and warehouse configuration, it can accommodate businesses looking for a single building that covers multiple operational needs.
Located at 11125 Highway 17 in Wilmington, NC, the property is described as having strong visibility and convenient access for day-to-day operations. With its combined retail, office, and warehouse configuration, it can accommodate businesses looking for a single building that covers multiple operational needs.
Key Highlights
- 14,125 SF retail building with retail floors, offices, and warehouse space
- Multi‑use building suited for a wide variety of business uses
- Office and warehouse space combined with retail floors
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
$179,391
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
6.08%
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%
$3,587,820
$3.6M
Cap Rate 7%
$2,562,729
$2.6M
Cap Rate 9%
$1,993,233
$2.0M
Market Conditions
NOI Build-Up for 14,125 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
$294.9K $20.88/SF
− Vacancy
−$55.7K −$3.95/SF
EGI
$239.2K $16.93/SF
− OpEx
−$59.8K −$4.23/SF
NOI
$179.4K $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%
$3,587,820
Cap Rate 7%
$2,562,729
Cap Rate 9%
$1,993,233
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.99M
NOI $179,391 @ 7.0% cap · market cap 6.08%
Second Best
Warehouse
$2.50M
$2.19M – $2.92M
NOI $174,936 @ 7.0% cap · market cap 5.93%
Theoretical Best
Multifamily LT 5
$172.95M
$151.33M – $201.78M
NOI $12,106,664 @ 7.0% cap · market cap 410.40%
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
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28411, NC
37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - A multi-use retail building with office and warehouse space, offering visibility and access along Highway 17.
Where is this flex space located?
The property is located at 11125 Highway 17 Wilmington, NC.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 14,125 SF retail building with retail floors, offices, and warehouse space; Multi‑use building suited for a wide variety of business uses; Office and warehouse space combined with retail floors
