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Coastal Self-Storage Investment Opportunity

517 Lewis Dr, Carolina Beach, NC 28428

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For Sale

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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

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.

We can help!

Contact an agent

Trina Thomas

For Sale

Contact for pricing

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

We can help!

Contact an agent

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

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

Location Insight

Map
Local Demand

City: Carolina Beach
County: New Hanover
State: North Carolina
Longitude: -77.8990695
Latitude: 34.0511999

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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.