Castle Hayne Road
For Sale
Contact for pricing
5301-5311 Castle Hayne Rd, Castle Hayne, NC
3.16 acres with two buildings totaling +/- 9,000 SF.
Property Size9,000 SF
Lot Size3.11 Acres
Price / SF$277.78
Days on Market268
Property Features for 5301-5311 Castle Hayne Rd
General Information
Standard status
Active
Size
9,000 SF
Lot size
3.11 Acres
Property subtype
RETAIL
Listing Agency:
Sun Coast Partners Commercial
(910) 512-3550
Listed By:
Tyler Pegg · License #249446
(910) 512-3550
Source:
Moodyscre
Added: Nov 6, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:13AM
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 Sun Coast Partners Commercial
Investment Insights
Based on property information with market context.
Located on Castle Hayne Road in Castle Hayne, North Carolina, this property features 3.16 acres with two metal buildings totaling approximately 9,000 square feet. Originally built in 1982 for the Castle Hayne Volunteer Fire Department, the buildings are currently occupied by New Hanover County Emergency Services, which will be relocating at the end of 2025. The front building, spanning 6,954 square feet, includes eight 12’x12’ electric grade-level drive-in doors providing drive-thru access, a clear-span garage with a 15ft eave height and 23ft center height, a small office, a large open meeting room, a full-service kitchen, three restrooms (one with a shower), a workout/storage area, and an additional rear corner kitchen with a three-compartment steel sink. The dimensions of the front building are 114ft wide x 61ft deep. The rear building, encompassing 2,000 square feet, offers three 12’x12’ electric grade-level drive-in front-loaded doors and a clear-span heated garage with a 14ft eave height and 22ft center height. The dimensions of the rear building are 50ft wide x 40ft deep. An additional +/- 300 SF utility building houses storage space for tools and smaller equipment, along with washer and dryer hookups, a Culligan water softener, and a designated air compressor closet. Approximately 2 acres of the property remain undeveloped, mostly cleared, and suitable for use as a laydown yard, equipment storage, overflow parking, or potential redevelopment. The existing buildings could be used for garage space for trucks, trailers, and equipment or retrofitted for other uses. Potential uses for the property will need to be confirmed with New Hanover County Zoning Office.
Key Highlights
- Prime road frontage on Castle Hayne Road with high visibility.
- Substantial 3.16‑acre property with significant undeveloped land suitable for various uses.
- Two existing metal buildings totaling +/- 9,000 SF, offering immediate use or retrofit potential.
Financial Insights For Retail
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 | $186.8k | $20.76 |
| − Vacancy | −$3.2k | −$0.35 |
| EGI | $183.7k | $20.41 |
| − OpEx | −$55.1k | −$6.12 |
| NOI | $128.6k | $14.28 |
9,000 SF · lease $20.76/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,565 @ 7.0% cap · market cap 5.14%
Second Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,742 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,476 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coastal Autoworks — 5700 Castle Hayne Rd, Castle Hayne, NC 28429
- Fers Body & Tires Llc — 6118 Castle Hayne Rd, Castle Hayne, NC 28429
- On Target Mobile Maintenance — 6301 Castle Hayne Rd, Castle Hayne, NC 28429
- B & L Custom — 5203 Castle Hayne Rd, Castle Hayne, NC 28429
- Intercoastal Towing Company — 6303 Castle Hayne Rd unit a, Castle Hayne, NC 28429
Frequently Asked Questions
What type of property is this?
Auto shop - 3.16 acres with two buildings totaling +/- 9,000 SF.
Where is this auto shop located?
The property is located at 5301-5311 Castle Hayne Rd Castle Hayne, NC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime road frontage on Castle Hayne Road with high visibility.; Substantial 3.16‑acre property with significant undeveloped land suitable for various uses.; Two existing metal buildings totaling +/- 9,000 SF, offering immediate use or retrofit potential.
