3240 Us Hwy 421 N, Wilmington, NC
Multi-tenant industrial portfolio in Wilmington's growing corridor.
- Added:
- Aug 11, 2025
- Days on Market:
- 315
- Last Refresh:
- May 20 at 9:17 pm
Property Features for 3240 Us Hwy 421 N
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 15.59 Acres
- Property subtype
- INDUSTRIAL
Listing agent Will Leonard, SIOR (910) 233-5351
Listing office Cape Fear Commercial, LLC (910) 233-5351
Listing date Aug 11, 2025
Source Moodyscre
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
HighLights
- Fully‑leased, multi‑tenant industrial portfolio providing immediate income.
- Located in the fastest‑growing industrial corridor in the Greater Wilmington area.
- High‑visibility location fronting US Highway 421 N, near Interstate 140.
- Includes three freestanding office/warehouse buildings totaling ±25,000 square feet.
- Significant additional land on‑site allows for potential expansion or future development.
- Portfolio consists of two 10,000 SF buildings and one 5,000 SF building.
Overview
Local 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 | $390.0k | $15.60 |
| − Vacancy | −$25.7k | −$1.03 |
| EGI | $364.3k | $14.57 |
| − OpEx | −$54.6k | −$2.19 |
| NOI | $309.6k | $12.38 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- NextStor Storage Pro — 202 Transcom Ct, Wilmington, NC 28401
- Two Men and a Truck Moving and Storage — 3861 US-421, Wilmington, NC 28401
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9647
- Latitude
- 34.2877