Retail Flex Building with
11125 Highway 17 Wilmington, NC 28411
11125 Highway 17, Wilmington, NC, 28411
Contact for pricing
For Sale
Contact for pricing
Retail building with office and warehouse components, totaling 14,125 square feet.
Property Size14,125 SF
Price / SF$208.85
Days on Market72
Property Features for 11125 Highway 17
General Information
- Standard status
- Active
- Size
- 14,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing agency
Creative Commercial Properties Hampstead
(910) 270-5100
Listed by
Mike Nadeau · License #NC 79095
Source
Crexi
Added: May 12 Updated: Jul 21 at 2:42PM Checked: Jul 21 at 2:42PM
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 Hampstead
Investment Insights
Based on property information with market context.
This 14,125 square foot retail building combines retail floors with office space and a warehouse component, creating a flexible setup for a variety of business uses. The property is offered for sale and is designed to support both customer-facing operations and back-of-house storage or workflow needs within the same structure.
Located at 11125 Highway 17 in Wilmington, NC 28411, the building is positioned for visibility and access along the highway corridor.
The layout is centered on a retail configuration with dedicated office and warehouse space included in the overall footprint, offering one address for multiple functional areas.
Located at 11125 Highway 17 in Wilmington, NC 28411, the building is positioned for visibility and access along the highway corridor.
The layout is centered on a retail configuration with dedicated office and warehouse space included in the overall footprint, offering one address for multiple functional areas.
Key Highlights
- Retail building with office and warehouse components totaling 14,125 SF
- Year built: 1994
- Includes retail floors, office space, and warehouse space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.9k | $20.88 |
| − Vacancy | −$55.7k | −$3.95 |
| EGI | $239.2k | $16.93 |
| − OpEx | −$59.8k | −$4.23 |
| NOI | $179.4k | $12.70 |
14,125 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Port City Plates — 10300 Hwy 17, Wilmington, NC 28411
FAQs
What type of property is this?
Flex space - Retail building with office and warehouse components, totaling 14,125 square feet.
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: Retail building with office and warehouse components totaling 14,125 SF; Year built: 1994; Includes retail floors, office space, and warehouse space
