Riverfront Warehouse and Storage
For Sale
Contact for pricing
1233 Castle Hayne Rd, Wilmington, NC 28401
Riverfront parcel offering approximately 12,500 SF of warehouse space plus multiple open-air storage buildings.
Property Size12,500 SF
Lot Size28.24 Acres
Price / SF$175.60
Days on Market701
Property Features for 1233 Castle Hayne Rd
General Information
Standard status
Active
Size
12,500 SF
Lot size
28.24 Acres
Property subtype
INDUSTRIAL
Additional Details
Outdoor Storage
Yes
Listing Agency:
Cape Fear Commercial, LLC
(910) 233-5351
Listed By:
William Leonard
(910) 233-5351
Source:
Moodyscre
Added: Aug 29, 2024
Changed: Jul 28
Last Checked: Jul 30 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cape Fear Commercial, LLC
Investment Insights
Based on property information with market context.
Warehouse space of approximately 12,500 SF is situated on a roughly 28.24-acre riverfront parcel, accompanied by multiple outdoor, open-air storage buildings. The property also includes approximately 12.5 usable acres, with wetlands and flood zone mapping available for review.
The site is described as being conveniently located near MLK, Jr. Parkway and downtown Wilmington. Please inquire with the broker regarding any additional environmental conditions beyond the attached wetlands and flood zone map.
The site is described as being conveniently located near MLK, Jr. Parkway and downtown Wilmington. Please inquire with the broker regarding any additional environmental conditions beyond the attached wetlands and flood zone map.
Key Highlights
- Approximately 12,500 SF warehouse space on a ±28.24‑acre riverfront parcel
- Includes multiple outdoor, open‑air storage buildings
- Approximately 12.5 usable acres
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.0k | $15.60 |
| − Vacancy | −$12.9k | −$1.03 |
| EGI | $182.1k | $14.57 |
| − OpEx | −$27.3k | −$2.19 |
| NOI | $154.8k | $12.38 |
12,500 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.21M
$1.94M – $2.58M
NOI $154,811 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$153.06M
$133.92M – $178.56M
NOI $10,713,862 @ 7.0% cap · market cap 488.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smith Creek Boatyard — 805 Cornelius Harnett Dr, Wilmington, NC 28401
- JMT Services, LLC — 1536-25 Castle Hayne Rd, Wilmington, NC 28401
- U-Pack — 1536 Castle Hayne Rd, Wilmington, NC 28401
- Southern Moving & Storage — 1536 Castle Hayne Rd, Wilmington, NC 28401
Frequently Asked Questions
What type of property is this?
Warehouse - Riverfront parcel offering approximately 12,500 SF of warehouse space plus multiple open-air storage buildings.
Where is this warehouse located?
The property is located at 1233 Castle Hayne Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Approximately 12,500 SF warehouse space on a ±28.24‑acre riverfront parcel; Includes multiple outdoor, open‑air storage buildings; Approximately 12.5 usable acres
