Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Blue Clay Rd Castle Hayne, NC 28429

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    107 acres of undeveloped land with road frontage.

    Lot size:
    107.00 Acres

    Property Features for Blue Clay Rd

    General Information

    Lot size
    107.00 Acres

    We can help!

    Listing Contact
    Howard Coupland
    Howard Coupland
    Source: Moodyscre

    Listing Agency: Cape Fear Commercial, LLC Listing Agent: Howard Coupland

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

    Learn more

    Property Insight Report

    Overview

    Undeveloped Land in Wilmington, NC

    This property features approximately 107 acres of undeveloped land situated in northern Wilmington, North Carolina. It offers over 4,000 feet of road frontage on Blue Clay Road. The area has experienced significant growth in recent years, which continues at a steady rate. The property is located just north of Historic Downtown Wilmington, providing access to major local routes including I-40, I-140, and US Highway 74/76. It is also in close proximity to North Kerr Industrial Park, which includes the new FedEx distribution center, Wilmington International Airport, and several recently developed residential communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Castle Hayne
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.92286
    Latitude
    34.269524

    Nearby Similar for Sale

    • $2,500,000
      5,208 SF

      Versatile Commercial Property in Castle Hayne

      Commercial property with multiple buildings, parking, and highway access.
      4612 N College Rd, Castle Hayne, NC 28429
      View Details
    • $224,900
      678 SF

      Commercial Property in Castle Hayne

      Commercial property with residential unit in prime location.
      6000 Castle Hayne Rd, Castle Hayne, NC 28429
      View Details
    • Contact for pricing
      9,000 SF

      Castle Hayne Road Opportunity

      3.16 acres with two buildings totaling +/- 9,000 SF.
      5301-5311 Castle Hayne Rd, Castle Hayne, NC 28429
      View Details
    • Contact for pricing
      10,960 SF

      Caliber Collision Leased Investment Property

      100% leased to Caliber Collision with significant mark-to-market potential.
      101 Crowatan Rd, Castle Hayne, NC 28429
      View Details
    • $3,718,095
      12,062 SF

      CVS Pharmacy Investment Opportunity

      High-Yield NNN Lease in NC
      5712 Castle Hayne Rd, Castle Hayne, NC 28429
      View Details

    FAQs

    What type of property is this?
    Land - 107 acres of undeveloped land with road frontage.
    Where is this land located?
    The property is located at Blue Clay Rd Castle Hayne, NC.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: - 107 acres of undeveloped land in a rapidly growing area.; - Boasts over 4,000 feet of road frontage on Blue Clay Road.; - Convenient access to I-40, I-140, and US Highway 74/76.
    (910) 344-1000 Call to check price and availability
    Request Owner's contact information
    Blue Clay Rd Castle Hayne, NC 28429
    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.
    Blue Clay Rd
    Castle Hayne, NC 28429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Blue Clay Rd Castle Hayne, NC 28429
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Howard Coupland
    Howard Coupland
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!