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    801 Sutton Steam Plant Rd Wilmington, NC 28401

    For Sale
    $8,500,000

    189 acres of land near major Wilmington thoroughfares.

    Lot size:
    184.72 Acres

    Property Features for 801 Sutton Steam Plant Rd

    General Information

    Lot size
    184.72 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

    189 Acres Development Opportunity

    The subject property consists of approximately 189 acres located off I-140 in Wilmington, New Hanover County, NC. Situated just off US Highway 421 N in one of the fastest growing industrial corridors in Southeast NC, this site offers development potential in close proximity to downtown Wilmington, NC. The property is located near major thoroughfares, including US 421, I-140, and I-40, providing easy access to Wilmington, Pender County, and Brunswick County. Additionally, the site is near ILM Airport and the Port of Wilmington. There are currently income producing communication towers on the site that will be conveyed with the sale of the property; lease details are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duke Energy - Sutton ... Power Station

    Suggested Use

    Storage Facility Wholesale Shop Tailor Shop Auto Repair Shop Building Supply

    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
    -77.9849763
    Latitude
    34.2835874

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    FAQs

    What type of property is this?
    Land - 189 acres of land near major Wilmington thoroughfares.
    Where is this land located?
    The property is located at 801 Sutton Steam Plant Rd Wilmington, NC.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: - ± 189 acres of land in a rapidly growing industrial corridor.; - Unparalleled development potential near downtown Wilmington, NC.; - Excellent access to major thoroughfares: US 421, I-140, and I-40.
    (910) 233-5351
    Request Owner's contact information
    801 Sutton Steam Plant Rd Wilmington, NC 28401
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    Wilmington, NC 28401
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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
    801 Sutton Steam Plant Rd Wilmington, NC 28401
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