Mixed-Use Property with
For Sale
$1,100,000
2725 Castle Hayne Road, Wilmington, NC 28401
Commercial Sale, Wilmington, NC
Property Size5,850 SF
Lot Size4.56 Acres
Price / SF$188.03
Days on Market204
Property Features for 2725 Castle Hayne Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Subdivision
Not In Subdivision
Directions
Across from Wrightsboro Elementary and Wrightsboro Baptist Church on Castle Hayne Road
Standard status
Active
APN
R03311-006-044-000
Size
5,850 SF
Lot size
4.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tr New A Old Olive S Woods Estate
Legal Description
Tr New A Old Olive S Woods Estate
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
2026
Listing Agency:
Maritime Realty Corporation
(910) 200-6783
Listed By:
Michael Braton · License #304298
(910) 200-6783
Added: Jan 28
Changed: Aug 19
Last Checked: Aug 20 at 9:06PM
MLS# 100551627
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4.56-acre mixed-use property includes approximately 1.7 acres designated B-1 and 2.6 acres zoned R-20. A new 3,100-square-foot warehouse is being completed with two 12' x 12' roll-up doors and a 1,200-square-foot office component containing two private offices, a conference room, kitchenette, and ADA-compliant restrooms. The property also includes three residential rental units consisting of a single-family home and a duplex; one unit is currently occupied. The homes are being sold as-is, and interior access requires an accepted agreement.
The site includes 300 feet of frontage on Castle Hayne Road and comprises three parcels: 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. Public water is available, with a public water source and septic tank service.
The site includes 300 feet of frontage on Castle Hayne Road and comprises three parcels: 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. Public water is available, with a public water source and septic tank service.
Key Highlights
- 4.56‑acre assemblage spanning approximately 1.7 acres of B‑1 land and 2.6 acres zoned R‑20
- New 3,100‑square‑foot warehouse with two 12' x 12' roll‑up doors
- 1,200‑square‑foot office area with two private offices, conference room, kitchenette, and ADA‑compliant restrooms
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
$72,451
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
6.59%
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%
$1,449,020
$1.4M
Cap Rate 7%
$1,035,014
$1.0M
Cap Rate 9%
$805,011
$805.0K
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
$91.3K $15.60/SF
− Vacancy
−$6.0K −$1.03/SF
EGI
$85.2K $14.57/SF
− OpEx
−$12.8K −$2.19/SF
NOI
$72.5K $12.38/SF
Area
Wilmington, NC
Vacancy
6.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,449,020
Cap Rate 7%
$1,035,014
Cap Rate 9%
$805,011
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
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 Industrial 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-zoned acreage combines commercial frontage, rear residential land, rental units, and a newly built warehouse.
Where is this mixed-use property located?
The property is located at 2725 Castle Hayne Road 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 assemblage spanning approximately 1.7 acres of B‑1 land and 2.6 acres zoned R‑20; New 3,100‑square‑foot warehouse with two 12' x 12' roll‑up doors; 1,200‑square‑foot office area with two private offices, conference room, kitchenette, and ADA‑compliant restrooms
