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    1402 N 23Rd St Wilmington, NC 28405

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    For Lease
    $1,600,000

    Modern, customizable industrial space for lease in Wilmington, NC.

    Property size:
    47,075 SF
    Lot size:
    4.15 Acres

    Property Features for 1402 N 23Rd St

    General Information

    Size
    47,075 SF
    Lot size
    4.15 Acres

    Source: BlueCoast Commercial, LLC Agent Steve Hall

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

    Overview

    New Hanover County Industrial Space

    Located in the northern section of New Hanover County on 23rd Street, near the on-ramp for Martin Luther King Jr Blvd and across from Cinespace Studios, this industrial park is within a mile of Wilmington International Airport. This development offers opportunities for tenants to establish their businesses in a modern, customizable space. Buildings will be delivered in a Cold Dark Shell format, allowing businesses to design interiors tailored to their specific needs. The industrial park features flexible building sizes, ranging from 5,000 to 47,075 square feet, with options to accommodate diverse business requirements. The developer intends to work collaboratively during the initial phase to ensure each space meets the needs of its occupants. Delivery is estimated between Q1 2026 and Q2 2026, with potential for earlier delivery depending on weather, supply availability, and permitting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spectrum Internet Service Provider

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9194903
    Latitude
    34.2535129

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    FAQs

    What type of property is this?
    Industrial property - Modern, customizable industrial space for lease in Wilmington, NC.
    Where is this industrial property located?
    The property is located at 1402 N 23Rd St Wilmington, NC.
    What are key features of this property?
    This property features: - Customizable interior design delivered in Cold Dark Shell format.; - Strategically located near major transportation, including Wilmington International Airport and Martin Luther King Jr Blvd.; - Flexible building sizes ranging from 5,000 to 47,075 square feet.
    (910) 279-3227
    Request Owner's contact information
    1402 N 23Rd St Wilmington, NC 28405
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    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
    1402 N 23Rd St Wilmington, NC 28405
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