Multi-Building Flex and Warehouse
3412 Market St Wilmington, NC 28403
For Sale
Contact for pricing
Two buildings on a fully paved, zoned CS site with major Market Street frontage and shared access easement.
Property Size9,000 SF
Lot Size2.00 Acres
Price / SF$377.78
Days on Market199
Property Features for 3412 Market St
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 2.00 Acres
- Property subtype
- RETAIL
Listing Agency:
Sun Coast Partners Commercial
(910) 409-8421
Listed By:
Cody Cress, SIOR · License #249446
(910) 409-8421
Source:
Moodyscre
Added: Jan 6
Changed: Jul 23
Last Checked: Jul 23 at 7:18AM
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 Sun Coast Partners Commercial
Investment Insights
Based on property information with market context.
A flex and warehouse property offered for sale on a fully paved, improved site totaling approximately 2 acres, zoned CS (Commercial Services) within the City of Wilmington. The property includes two existing buildings: an approximately 3,000 SF office showroom with four offices, an open showroom/cubicle area, two bathrooms, 400A 240V Delta 3-phase electrical, and two rooftop HVAC units. A second approximately 6,000 SF shop/warehouse/office offers clear-span space with no interior support columns, 14 to 15 feet of clear height, two 200A 120/240V 1-phase electrical panels, and a small office area with breakroom and bathroom. The warehouse portion has multiple grade-level doors, including six 12’W x 12’H, two 12’W x 14’H, and one 12’W x 7’H opening.
The site features approximately 235 feet of high-visibility frontage along Market Street and signage on Market Street and the building. Average daily traffic is stated at approximately 35,000 vehicles. Ingress/egress and access are provided through a perpetual, non-exclusive easement shared with the adjacent CVS.
The property is currently owner-occupied by Fleet Lease Remarketing (FLR). The CS zoning district supports a broad range of uses including light industrial, wholesale, storage, commercial service, repair, and distribution-based businesses.
The site features approximately 235 feet of high-visibility frontage along Market Street and signage on Market Street and the building. Average daily traffic is stated at approximately 35,000 vehicles. Ingress/egress and access are provided through a perpetual, non-exclusive easement shared with the adjacent CVS.
The property is currently owner-occupied by Fleet Lease Remarketing (FLR). The CS zoning district supports a broad range of uses including light industrial, wholesale, storage, commercial service, repair, and distribution-based businesses.
Key Highlights
- 2.0‑acre commercial site at 3412 Market Street in Wilmington, NC, zoned CS (Commercial Services).
- 235 feet of high‑visibility Market Street frontage with average daily traffic of 35,000 vehicles.
- Fully paved and improved site with signage on Market St and Building.
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 | $140.4k | $15.60 |
| − Vacancy | −$9.3k | −$1.03 |
| EGI | $131.1k | $14.57 |
| − OpEx | −$19.7k | −$2.19 |
| NOI | $111.5k | $12.38 |
9,000 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.59M
$1.39M – $1.86M
NOI $111,464 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,794 @ 7.0% cap · market cap 2.70%
Theoretical Best
Multifamily LT 5
$110.20M
$96.42M – $128.57M
NOI $7,713,981 @ 7.0% cap · market cap 226.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fleet Lease Remarketing
Car Dealership
Similar Off Market Nearby
- Musser Seafood & Barbecue — 4240 Market St, Wilmington, NC 28403
FAQs
What type of property is this?
Flex space - Two buildings on a fully paved, zoned CS site with major Market Street frontage and shared access easement.
Where is this flex space located?
The property is located at 3412 Market St Wilmington, NC.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 2.0‑acre commercial site at 3412 Market Street in Wilmington, NC, zoned CS (Commercial Services).; 235 feet of high‑visibility Market Street frontage with average daily traffic of 35,000 vehicles.; Fully paved and improved site with signage on Market St and Building.
