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    Coastal Self-Storage Investment Opportunity Title is generated by Realmo AI

    517 Lewis Dr, Carolina Beach, NC 28428

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    237-unit self-storage facility in Carolina Beach, North Carolina.

    Type:Business for Sale, Self Storage
    Property size:
    25,720 SF
    Price / SF:
    $126/SF
    Added:
    Mar 8, 2026
    Days on Market:
    111
    Last Refresh:
    Mar 16 at 3:30 pm

    Property Features for 517 Lewis Dr

    General Information

    Standard status
    Active
    Size
    25,720 SF
    Property subtype
    Business for Sale, Self Storage

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    Trina Thomas
    Trina Thomas

    Listing office Keller Williams Realty

    Listing date Mar 8, 2026

    Source Crexi

    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 Keller Williams Realty

    HighLights

    • Income‑producing self‑storage facility in a high‑demand coastal location (Carolina Beach/Pleasure Island, NC).
    • 237 units totaling ±25,720 SF of rentable storage space.
    • Value‑add potential through rental rate adjustments and operational improvements.
    • On‑site management office with a one‑bedroom apartment for owner/operator or additional rental income.
    • Fully fenced and secured with video surveillance.
    • Not located in a flood zone.

    Overview

    This self-storage facility in Carolina Beach, North Carolina, presents a coastal investment opportunity. The property features 237 units, totaling approximately 25,720 square feet of rentable storage space, and has been family owned and operated for over 20 years. The facility consists of 8 storage buildings with units of various sizes. It is fully fenced and secured with video surveillance cameras and is not located in a flood zone. The property is strategically positioned near residential neighborhoods and local businesses, benefiting from strong storage demand driven by population growth, seasonal visitors, and second-home owners in the Carolina Beach and Pleasure Island area. The location offers visibility and convenient access on and off the island. The property includes an on-site management office with a reception area, along with a one-bedroom apartment upstairs complete with appliances. This allows an owner/operator the opportunity to live on site and manage the facility, or lease the apartment to generate additional rental income. The facility serves the growing Pleasure Island market.

    Local Financial Insights For Industrial

    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 $401.2k $15.60
    − Vacancy −$26.5k −$1.03
    EGI $374.8k $14.57
    − OpEx −$112.4k −$4.37
    NOI $262.3k $10.20
    25,720 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.75M
    $3.28M – $4.37M (±1% cap)
    NOI $262,325 @ 7.0% cap · market cap 8.07%
    Second Best
    Self Storage
    $3.56M
    $3.11M – $4.15M (±1% cap)
    NOI $248,860 @ 7.0% cap · market cap 7.66%
    Theoretical Best
    Office A
    $8.35M
    $7.30M – $9.74M (±1% cap)
    NOI $584,347 @ 7.0% cap · market cap 17.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pleasure Island Mini ... Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carolina Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8990695
    Latitude
    34.0511999

    FAQs

    What type of property is this?
    Self storage facility - 237-unit self-storage facility in Carolina Beach, North Carolina.
    Where is this self storage facility located?
    The property is located at 517 Lewis Dr Carolina Beach, NC.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Income‑producing self‑storage facility in a high‑demand coastal location (Carolina Beach/Pleasure Island, NC).; **237 units totaling ±25,720 SF of rentable storage space.**; Value‑add potential through rental rate adjustments and operational improvements.
    (910) 256-0021 Call to check price and availability
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