Freestanding Industrial Flex
2907 Blue Clay Rd, Castle Hayne, NC 28429
For Sale
Contact for pricing
A month-to-month animal-boarding tenant occupies the building, with rental income in place.
Property Size11,070 SF
Lot Size2.08 Acres
Price / SF$164.86
Days on Market41
Property Features for 2907 Blue Clay Rd
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Highway Access
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Century 21 Triangle Group - Flanagan CRE Team
Listed By:
Pat Flanagan · License #295126
(704) 916-9552
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 8 at 2:53PM
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 Century 21 Triangle Group - Flanagan CRE Team
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Investment Insights
Based on property information with market context.
This freestanding industrial/flex building contains 11,070 square feet and occupies two parcels totaling approximately 2.08 acres. An animal-boarding business currently leases the property on a month-to-month basis, generating rental income. Future occupancy remains subject to lease terms and tenant rights.
The site is in Castle Hayne, North Carolina, near North Kerr Avenue, with access to Interstate 40, Wilmington International Airport, Downtown Wilmington, and the Port of Wilmington.
The acreage provides outdoor space for parking and operational needs, along with potential for future improvements. Commercial, service, warehouse, distribution, and industrial operations may be considered subject to zoning and required approvals.
The site is in Castle Hayne, North Carolina, near North Kerr Avenue, with access to Interstate 40, Wilmington International Airport, Downtown Wilmington, and the Port of Wilmington.
The acreage provides outdoor space for parking and operational needs, along with potential for future improvements. Commercial, service, warehouse, distribution, and industrial operations may be considered subject to zoning and required approvals.
Key Highlights
- 11,070‑square‑foot freestanding industrial/flex building
- Two parcels totaling approximately 2.08 acres
- Currently occupied by an animal‑boarding operation under a month‑to‑month tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,063
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,601,260
$2.6M
Cap Rate 7%
$1,858,043
$1.9M
Cap Rate 9%
$1,445,144
$1.4M
Market Conditions
NOI Build-Up for 11,070 SF
Gross rent
$161.1K $14.55/SF
− Vacancy
−$8.1K −$0.73/SF
EGI
$153.0K $13.82/SF
− OpEx
−$23.0K −$2.07/SF
NOI
$130.1K $11.75/SF
Area
New Hanover County, NC
Vacancy
5.00%
Lease Rate
$14.55 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,601,260
Cap Rate 7%
$1,858,043
Cap Rate 9%
$1,445,144
Alternative Uses
Best Use
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,063 @ 7.0% cap · market cap 7.13%
Second Best
Industrial
$1.53M
$1.34M – $1.79M
NOI $107,111 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,505 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 28429, NC
8,802
Population
3,906
Households
2.3
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
222
Density / Sq Mi
$73,259
Median Household Income
$37,337
Median Earnings
$870
Median Rent
$231,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in New Hanover County, NC
Properties on Market for Flex space in New Hanover County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- The Sawmill Cafe and Catering — 2528-1 Castle Hayne Rd, Wilmington, NC 28401
Frequently Asked Questions
What type of property is this?
Flex space - A month-to-month animal-boarding tenant occupies the building, with rental income in place.
Where is this flex space located?
The property is located at 2907 Blue Clay Rd Castle Hayne, NC.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 11,070‑square‑foot freestanding industrial/flex building; Two parcels totaling approximately 2.08 acres; Currently occupied by an animal‑boarding operation under a month‑to‑month tenancy
