Metal Warehouse with Loading
New
For Sale
Contact for pricing
3003 N Kerr Ave, Wilmington, NC 28405
The paved site near Wilmington International Airport includes a ramp and eight marked parking spaces.
Property Size8,900 SF
Lot Size0.99 Acres
Price / SF$286.52
Days on Market5
Property Features for 3003 N Kerr Ave
General Information
Standard status
Active
Size
8,900 SF
Total Parking Spaces
8
Lot size
0.99 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
8,900 SF
Dock-High Doors
1
Building Details
Buildings
1
Stories
1
Building Size
8,900 SF
Construction
metal
Listing Agency:
Cape Fear Commercial, LLC
(910) 344-1000
Listed By:
Spruill Thompson
(910) 431-8280
Source:
Moodyscre
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 8 at 1:44PM
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.
This one-story metal warehouse contains 8,900 square feet on approximately 0.99 acres. Site improvements include a loading dock, a ramp, and paved areas with eight marked parking spaces.
The property is near Wilmington International Airport.
The property is near Wilmington International Airport.
Key Highlights
- 8,900‑square‑foot, one‑story metal warehouse
- Approximately 0.99 acres near Wilmington International Airport
- Loading dock and ramp
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,225
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,204,500
$2.2M
Cap Rate 7%
$1,574,643
$1.6M
Cap Rate 9%
$1,224,722
$1.2M
Market Conditions
NOI Build-Up for 8,900 SF
Gross rent
$138.8K $15.60/SF
− Vacancy
−$9.2K −$1.03/SF
EGI
$129.7K $14.57/SF
− OpEx
−$19.5K −$2.19/SF
NOI
$110.2K $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 Rate 5%
$2,204,500
Cap Rate 7%
$1,574,643
Cap Rate 9%
$1,224,722
Alternative Uses
Best Use
Warehouse
$1.57M
$1.38M – $1.84M
NOI $110,225 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$108.98M
$95.35M – $127.14M
NOI $7,628,270 @ 7.0% cap · market cap 299.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28405, NC
31,775
Population
17,073
Households
1.9
Avg Household Size
41
Median Age
41%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,352
Density / Sq Mi
$67,809
Median Household Income
$41,265
Median Earnings
$1,405
Median Rent
$337,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Frontier Scientific Solutions (Phase II) — Gardner Dr, Wilmington, NC 28405, United States
- Just Move It Moving & Storage — 3030 Hall Waters Dr #101, Wilmington, NC 28405
Frequently Asked Questions
What type of property is this?
Warehouse - The paved site near Wilmington International Airport includes a ramp and eight marked parking spaces.
Where is this warehouse located?
The property is located at 3003 N Kerr Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 8,900‑square‑foot, one‑story metal warehouse; Approximately 0.99 acres near Wilmington International Airport; Loading dock and ramp
