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Property profile & analytics
OFF-MARKET
Estimated value
$12,225,000
Warehouses
1200 Castle Hayne Rd, Wilmington, NC 28401-8885
Entity Owned
Free & Clear
Property ID
US53-1663753
Property summary
AI-generated overview
This exceptional two-acre vacant land parcel, identified by APN R04100-005-015-000 in New Hanover County, presents a unique opportunity for industrial users. Zoned I-2, this property offers significant flexibility for various uses. The site boasts ample space, ranging from 43,560 to 130,680 square feet, ideal for outdoor storage, laydown yards, or similar operations. Its location provides convenient access for trucks and heavy equipment, making it an attractive option for businesses requiring substantial storage or staging areas. The property is suitable for accommodating trailers, trucks, and heavy equipment, offering a secure and spacious solution for your operational needs. The multiple tenancy designation allows for flexible lease arrangements. This is a rare opportunity to secure a substantial industrial lot in a desirable location. The property is ready for immediate occupancy. Contact for showing. The total building suites is one.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Construction
CONCRETE
Total area
130,731 SF
Lot
18.02 ac (784,951 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R04100-005-015-000
UPID
US53-1663753
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boaty's Boat House (Bike/Boat/Book/etc) Store
-
Corbett Package Company Industrial Manufacturer Production Facility
-
Corbett Timber Company Production Facility General Contractor
-
Corbett Farming Company Shipping Company Freight Service
-
Unlimited Boat Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.23M
Owner & transaction history
CORBETT PACKAGE COMPANY
CORBETT PACKAGE COMPANY
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,769
Tax year 2024
Assessed value
$3,085,500
Assessed 2024
Previous assessed
$3,085,500
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$552,200
Assessed improvement
$2,533,300
Land market value
$552,200
Improvement market value
$2,533,300
Total market value
$3,085,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
1
Bathrooms
1
Total area
130,731 SF
Lot
18.02 ac (784,951 SF)
Zoning code
I-2,INDUSTRIAL DISTRICT
APN
R04100-005-015-000
UPID
US53-1663753
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-2,INDUSTRIAL DISTRICT · Wilmington, NC
Zoning I-2,INDUSTRIAL DISTRICT · permitted uses
I-2,INDUSTRIAL DISTRICT · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Bathrooms
1
Lot
18.02 ac
Current owner
From public records · entity-resolved
CORBETT PACKAGE COMPANY
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 210, WILMINGTON, NC 28402-0210
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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