Mixed-Use Property with
For Sale
$1,100,000
2725 Castle Hayne Rd, Wilmington, NC 28401
Dual B-1 and R-20 zoning supports separate commercial and residential components.
Property Size3,100 SF
Lot Size4.56 Acres
Price / SF$188.03
Days on Market26
Property Features for 2725 Castle Hayne Rd
General Information
Standard status
Active
Size
3,100 SF
Lot size
4.56 Acres
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
3,100 SF
Office Build-Out
1,200 SF
Building Details
Year Built
2026
Building Size
3,100 SF
Listing Agency:
Maritime Realty Corporation
(910) 200-6783
Listed By:
Michael Braton · License #304298
Source:
Bradberrygarnerrealestate
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 30 at 8:55PM
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 Maritime Realty Corporation
Investment Insights
Based on property information with market context.
This mixed-use property spans 4.56 acres and combines commercial frontage, residentially zoned land, a new warehouse, and three existing rental units. Approximately 1.7 acres carry B-1 zoning with 300 feet of road frontage, while 2.6 acres behind the frontage are zoned R-20. The warehouse contains 3,100 square feet, including a 1,200-square-foot office area with two private offices, a conference room, kitchenette, and ADA-compliant restrooms. Two 12-by-12-foot roll-up doors support warehouse operations. The residential component includes a single-family home and a duplex; one unit is currently occupied. The property includes three parcels at 2723, 2725, and 2727 Castle Hayne Road. It is located minutes from the I-40 bypass, Downtown Wilmington, ILM Airport, and the Castle Hayne area. Homes are being sold as-is, and interior access requires an accepted agreement.
Key Highlights
- 4.56‑acre mixed‑use property with approximately 1.7 acres of B‑1 zoning and 2.6 acres of R‑20 land
- 300 feet of road frontage along Castle Hayne Road
- 3,100‑square‑foot warehouse with two 12'x12' roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,940
$1.5M
Cap Rate 7%
$1,061,386
$1.1M
Cap Rate 9%
$825,522
$825.5K
Market Conditions
NOI Build-Up for 5,850 SF
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.
Gross rent
$122.1K $20.88/SF
− Vacancy
−$23.1K −$3.95/SF
EGI
$99.1K $16.93/SF
− OpEx
−$24.8K −$4.23/SF
NOI
$74.3K $12.70/SF
Area
Wilmington, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,940
Cap Rate 7%
$1,061,386
Cap Rate 9%
$825,522
Alternative Uses
Best Use
Mixed Use
$70.54M
$61.73M – $82.30M
NOI $4,938,007 @ 7.0% cap · market cap 448.91%
Second Best
Apartment 5plus
$62.08M
$54.32M – $72.42M
NOI $4,345,446 @ 7.0% cap · market cap 395.04%
Theoretical Best
Multifamily LT 5
$71.63M
$62.68M – $83.57M
NOI $5,014,087 @ 7.0% cap · market cap 455.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Dual B-1 and R-20 zoning supports separate commercial and residential components.
Where is this mixed-use property located?
The property is located at 2725 Castle Hayne Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4.56‑acre mixed‑use property with approximately 1.7 acres of B‑1 zoning and 2.6 acres of R‑20 land; 300 feet of road frontage along Castle Hayne Road; 3,100‑square‑foot warehouse with two 12'x12' roll‑up doors
