Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    420 Raleigh St Wilmington, NC 28412

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,265,000

    Fully leased office/warehouse building near the Port of Wilmington.

    Lot size:
    2.96 Acres

    Property Features for 420 Raleigh St

    General Information

    Lot size
    2.96 Acres

    Source: Cape Fear Commercial, LLC Agent Will Leonard, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Office/Warehouse Building For Sale

    This fully leased office/warehouse building is available for sale. The property fronts Raleigh Street, just off Carolina Beach Road, and is in close proximity to the Port of Wilmington. The freestanding, well-maintained office/warehouse building has an area of approximately 13,500 square feet and is situated on approximately 2.96 acres. The property is zoned IND (Industrial) by the City of Wilmington. Currently, the property is leased to 4 tenants occupying 7 separate units. The property features an expansive stoned and fenced laydown yard, along with several outbuildings that have not been added to the advertised square footage. Most leases are currently at below-market rates, offering significant upside potential upon lease renewals and restructuring. A large majority of the warehouse areas are climate controlled. Please inquire to listing agent regarding specific lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    274 Construction Group, ... Contractor Chadsworth Columns Building Materials Supplier Yellow Truck & Trailer ... Truck Repair Shop Carolina Green Builders General Contractor Chadsworth Incorporated Building Materials Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    M2 Maxi Storage, Fulfillment warehouse, Port Storage Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.931955
    Latitude
    34.182245

    Nearby Similar for Sale

    • $1,465,000
      4,848 SF

      Wilmington Mixed-Use Investment Opportunity

      8-unit mixed-use property near historic district with strong rental history.
      719 Princess St, Wilmington, NC 28401
      View Details
    • $890,000
      5,467 SF

      Historic Mansion in Downtown Wilmington

      Unique historic mansion with development potential in Wilmington's Historic District.
      708 Market St, Wilmington, NC 28401
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Residence

      Historic 4,761 sq ft residence in downtown Wilmington.
      118 S 4Th St, Wilmington, NC 28401
      View Details
    • New
      $719,000
      2,015 SF

      Wilmington Income-Generating Multifamily Property

      Income property near Downtown, Burnt Mill Creek, and Soda Pop District.
      2020 Princess Place Dr, Wilmington, NC 28405
      View Details
    • $888,000
      3,104 SF

      Wilmington Duplex: Short-Term Rental Income

      Fully furnished duplex in Wilmington, NC, generating substantial rental income.
      312 Church St, Wilmington, NC 28401
      View Details
    • New
      $5,799,900
      24,768 SF

      Wilmington Multifamily Investment Opportunity

      Portfolio of eight duplexes near downtown Wilmington.
      1405 Corbett St, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Warehouse - Fully leased office/warehouse building near the Port of Wilmington.
    Where is this warehouse located?
    The property is located at 420 Raleigh St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $3,265,000.
    What are key features of this property?
    This property features: - Fully leased office/warehouse building near the Port of Wilmington.; - ± 13,500 SF freestanding, well-maintained building on ± 2.96 AC zoned IND (Industrial).; - Expansive stoned and fenced laydown yard with additional outbuildings.
    (910) 233-5351
    Request Owner's contact information
    420 Raleigh St Wilmington, NC 28412
    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.
    420 Raleigh St
    Wilmington, NC 28412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    420 Raleigh St Wilmington, NC 28412
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.