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    Fully Leased Industrial Portfolio Title is generated by Realmo AI

    3240 Us Hwy 421 N, Wilmington, NC

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    Multi-tenant industrial portfolio in Wilmington's growing corridor.

    Type:INDUSTRIAL
    Property size:
    25,000 SF
    Lot size:
    15.59 Acres
    Price / SF:
    $198/SF
    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

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    Listing Contact
    Will Leonard, SIOR

    Listing agent Will Leonard, SIOR

    Listing office Cape Fear Commercial, LLC

    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

    This is a fully-leased, multi-tenant industrial portfolio consisting of three office/warehouse buildings. The buildings front US Highway 421 N, just south of the intersection with Interstate 140, in the fastest-growing industrial corridor in the Greater Wilmington area. The portfolio includes two freestanding 10,000-square-foot buildings and one freestanding 5,000-square-foot building, totaling approximately 25,000 square feet. A significant amount of additional land exists on-site, offering potential for expansion or future development. Final acreage is subject to verification based on wetlands, topography, setbacks, and existing stormwater infrastructure.

    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
    25,000 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $4.42M
    $3.87M – $5.16M (±1% cap)
    NOI $309,621 @ 7.0% cap · market cap 6.25%
    Second Best
    Industrial
    $3.64M
    $3.19M – $4.25M (±1% cap)
    NOI $254,982 @ 7.0% cap · market cap 5.15%
    Theoretical Best
    Multifamily LT 5
    $306.11M
    $267.85M – $357.13M (±1% cap)
    NOI $21,427,724 @ 7.0% cap · market cap 432.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Law Firm Accounting Firm Auto Repair Shop HVAC Service Discount Store Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    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

    FAQs

    What type of property is this?
    Warehouse - Multi-tenant industrial portfolio in Wilmington's growing corridor.
    Where is this warehouse located?
    The property is located at 3240 Us Hwy 421 N Wilmington, NC.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: 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.
    (910) 233-5351 Call to check price and availability
    More about this property
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