Batteries Plus
For Sale
Contact for pricing
4012 Oleander Drive, Wilmington, NC 28403
Retail storefront occupied by a Batteries Plus location in Wilmington, North Carolina.
Property Size2,656 SF
Price / SF$302.52
Days on Market14
Property Features for 4012 Oleander Drive
General Information
Standard status
Active
Size
2,656 SF
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Sands Investment Group - FTL
Listed By:
Jacob Strahler · License #FL SL3483641
Source:
Crexi
Added: Sep 1
Changed: Sep 9
Last Checked: Sep 13 at 5:00AM
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 Sands Investment Group - FTL
Investment Insights
Based on property information with market context.
This storefront property contains 2,656 square feet and is identified as a Batteries Plus location. The asset is positioned at 4012 Oleander Drive in Wilmington, North Carolina, providing a defined retail setting for the existing business use.
The property is offered for sale and carries a specific retail identity through its Batteries Plus branding. Its storefront configuration and established address make it suitable for consideration by buyers seeking a branded retail asset in the Wilmington market.
The property is offered for sale and carries a specific retail identity through its Batteries Plus branding. Its storefront configuration and established address make it suitable for consideration by buyers seeking a branded retail asset in the Wilmington market.
Key Highlights
- 2,656‑square‑foot retail storefront
- Batteries Plus location
- 4012 Oleander Drive address
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,320
$524.3K
Cap Rate 7%
$374,514
$374.5K
Cap Rate 9%
$291,289
$291.3K
Market Conditions
NOI Build-Up for 2,656 SF
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.
Gross rent
$41.8K $15.72/SF
− Vacancy
−$4.3K −$1.62/SF
EGI
$37.5K $14.10/SF
− OpEx
−$11.2K −$4.23/SF
NOI
$26.2K $9.87/SF
Area
Wilmington, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,320
Cap Rate 7%
$374,514
Cap Rate 9%
$291,289
Alternative Uses
Best Use
Retail
$374.5K
$327.7K – $436.9K
NOI $26,216 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.52M
$28.46M – $37.94M
NOI $2,276,481 @ 7.0% cap · market cap 283.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28403, NC
38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront occupied by a Batteries Plus location in Wilmington, North Carolina.
Where is this storefront property located?
The property is located at 4012 Oleander Drive Wilmington, NC.
What is the asking price?
The asking price for this property is $803,490.
What are key features of this property?
This property features: 2,656‑square‑foot retail storefront; Batteries Plus location; 4012 Oleander Drive address
