Building Details

Year built 2026

Listing Agency: Cape Fear Commercial, LLC Show Phone

Listed By: Will E Leonard · License #214347 Show Phone

Added: Oct 9 Last Checked: Oct 10 at 7:06AM

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MLS# 100609303

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Under construction on a 1.35 +/- AC site, this flex property comprises two buildings measuring 5,040 SF each. One building is planned with a private office, open reception area, and restroom; the second is to be delivered as an unfinished shell for a buyer to configure. The buildings include two 12' W x 14' H grade-level drive-in doors with front-load access, and eave heights are approximately 20'.

The property fronts US Highway 17N at Perkins Road, just south of Holly Ridge. Municipal water and sewer service are provided by Pender County. Delivery is planned for Fall 2026.

Key Highlights

• Two buildings, each measuring 5,040 SF
• 1.35 +/- AC site
• One building planned with a private office, open reception area, and restroom; the other as an unfinished shell

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,420

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,248,400 $1.2M

Cap Rate 7%

$891,714 $891.7K

Cap Rate 9%

$693,556 $693.6K

Market Conditions

NOI Build-Up for 5,040 SF

Gross rent

$78.6K $15.60/SF

− Vacancy

−$5.2K −$1.03/SF

EGI

$73.4K $14.57/SF

− OpEx

−$11.0K −$2.19/SF

NOI

$62.4K $12.38/SF

Area

Pender County, 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%

$1,248,400

Cap Rate 7%

$891,714

Cap Rate 9%

$693,556

Alternative Uses

Best Use

Warehouse

$891.7K

$780.3K – $1.04M (±1% cap)

NOI $62,420 @ 7.0% cap · market cap 5.00%

Second Best

Industrial

$734.3K

$642.6K – $856.7K (±1% cap)

NOI $51,404 @ 7.0% cap · market cap 4.12%

Theoretical Best

Multifamily LT 5

$61.71M

$54.00M – $72.00M (±1% cap)

NOI $4,319,829 @ 7.0% cap · market cap 345.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Auto Parts Store Storage Facility Big Box & Wholesale Store Garden Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28443, NC

25,074

Population

11,276

Households

2.2

Avg Household Size

42

Median Age

40%

College-Educated

94%

High-School Grad

145.8 sq mi

ZIP Area

172

Density / Sq Mi

$89,392

Median Household Income

$45,933

Median Earnings

$1,372

Median Rent

$356,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Two buildings offer a mix of office-finished space and customizable shell interiors.

Where is this flex space located?

The property is located at 44 Perkins Hampstead, NC.

What is the asking price?

The asking price for this property is $1,249,000.

What are key features of this property?

This property features: Two buildings, each measuring 5,040 SF; 1.35 +/- AC site; One building planned with a private office, open reception area, and restroom; the other as an unfinished shell