Mini Storage Facility with Office
For Sale
Under Contract
$3,250,000
517 Lewis Drive, Carolina Beach, NC 28428
COMMERCIAL - Carolina Beach, NC
Property Size25,720 SF
Lot Size1.45 Acres
Price / SF$126.36
Days on Market149
Property Features for 517 Lewis Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HB
Parking features
Off Street
Fireplace
1
Subdivision
Not In Subdivision
Directions
South on Carolina Beach Road (Hwy 421 S) across Snows Cut Bridge to Carolina Beach. Left at 1st light and follow access road to 1st right on to Lewis Drive . Property is on the corner of Lewis Road and the Access Road.
Standard status
Active Under Contract
APN
R08810-004-026-000
Size
25,720 SF
Lot size
1.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tr A Walker T Lewis Div
Tax Annual Amount
10884
Legal Description
Tr A Walker T Lewis Div
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Fireplace(s)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1984
Flooring type
Vinyl, Laminate
Building materials
Block, Concrete, Steel Frame, Wood Frame
Listing Agency:
Keller Williams Innovate-Wilmington · Keller Williams Realty
(910) 777-2200
Listed By:
Trina Thomas Team
(910) 777-2200
Added: Mar 4
Changed: Jul 8
Last Checked: Jul 31 at 2:06AM
MLS# 100558081
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.
Pleasure Island Mini Storage is a fenced, secured self-storage facility featuring 8 storage buildings and approximately 237 units in multiple sizes. The property includes video surveillance cameras and an on-site management office with a reception area. An upstairs one-bedroom apartment with appliances is also part of the facility, offering flexibility for an owner-operator or an additional income opportunity.
The property is located on Pleasure Island near residential neighborhoods and local businesses, with easy on- and off-island access and visibility along a growing commercial corridor. The facility is described as not located in a flood zone.
This is a turnkey offering in an established, family-owned operation with a long operating history.
The property is located on Pleasure Island near residential neighborhoods and local businesses, with easy on- and off-island access and visibility along a growing commercial corridor. The facility is described as not located in a flood zone.
This is a turnkey offering in an established, family-owned operation with a long operating history.
Key Highlights
- Pleasure Island Mini Storage on Pleasure Island (just over the bridge), established for 20+ years as a family‑owned self‑storage facility
- 8 storage buildings with approximately 237 total units totaling about 25,720 rentable SF
- Fully fenced and secured storage area with video surveillance cameras; off‑street parking
Financial Insights For Self Storage
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 | $374.2k | $14.55 |
| − Vacancy | −$18.7k | −$0.73 |
| EGI | $355.5k | $13.82 |
| − OpEx | −$106.7k | −$4.15 |
| NOI | $248.9k | $9.68 |
25,720 SF · lease $14.55/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$6.17M
$5.39M – $7.19M
NOI $431,567 @ 7.0% cap · market cap 13.28%
Second Best
Warehouse
$4.32M
$3.78M – $5.04M
NOI $302,187 @ 7.0% cap · market cap 9.30%
Theoretical Best
Office A
$8.35M
$7.30M – $9.74M
NOI $584,347 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 28428, NC
6,848
Population
6,268
Households
1.1
Avg Household Size
51
Median Age
48%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
1,317
Density / Sq Mi
$87,670
Median Household Income
$41,138
Median Earnings
$1,515
Median Rent
$490,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Fenced and secured mini storage facility with video monitoring, an on-site office, and an upstairs one-bedroom apartment.
Where is this self storage facility located?
The property is located at 517 Lewis Drive 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: Pleasure Island Mini Storage on Pleasure Island (just over the bridge), established for 20+ years as a family‑owned self‑storage facility; 8 storage buildings with approximately 237 total units totaling about 25,720 rentable SF; Fully fenced and secured storage area with video surveillance cameras; off‑street parking
