Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Warehouse Space Available Title is generated by Realmo AI

    353 Acme Wy, Wilmington, NC 28401

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    30,000 SF warehouse/distribution space in Pender Commerce Park.

    Type:Industrial
    Property size:
    30,000 SF
    Added:
    Nov 9, 2024
    Days on Market:
    572
    Last Refresh:
    May 12 at 8:35 pm

    Property Features for 353 Acme Wy

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 353 Acme Wy Contact us

    Available Space $9/Mo

    Size
    30,000 SF
    Type
    Industrial
    Lease Rate: $9.95 PSF | NNN
    Contact us

    We can help!

    Listing Contact
    Will Leonard

    Listing agent Will Leonard License #NC 214347

    Listing office Cape Fear Commercial

    Listing date Nov 9, 2024

    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 Cape Fear Commercial

    HighLights

    • 30,000 SF of first generation warehouse/distribution space
    • Available in late 2024 in shell condition
    • Boasts a 34’ eave height (30’ clear)
    • Full fire suppression system
    • Customizable office buildout (TBD)
    • Includes two (2) dock high doors and ample vehicle parking

    Overview

    Available for lease is a 30,000 square foot first-generation warehouse and distribution space located in Pender Commerce Park. Expected to be delivered in shell condition in late 2024, the unit measures 250 feet in width and 120 feet in depth. It features an eave height of 34 feet, providing a clear height of 30 feet, and is equipped with full fire suppression. The office buildout is to be determined and can be customized to meet the tenant's specific requirements. The estimated lease rate is $9.95 per square foot, with additional costs estimated at $1.50 per square foot, subject to adjustment based on the tenant's interior buildout needs. The space will include two dock-high doors and ample vehicle parking. Additional dock positions can be constructed.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Similar Places Nearby

    • Port of Wilmington Cold Storage — 720 N 3rd St STE 301, Wilmington, NC 28401
    • City Storage North — 420 N 4th St, Wilmington, NC 28401
    • 21 front street self storage — 21 N Front St, Wilmington, NC 28401
    • Craftspace Commercial — 921 Princess St, Wilmington, NC 28401
    • All About Moving — 2214 Brandon Rd, Wilmington, NC 28405

    Map

    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9363
    Latitude
    34.2436

    Nearby Similar for Lease

    • $3,000/Mo
      160 SF

      Move-In Ready Restaurant Space

      Restaurant space in Wilmington's vibrant Cargo Food Court.
      609 S 15th Street, Wilmington, NC 28401
      View Details
    • $800/Mo
      200 SF

      Turnkey Office Suites in Wilmington

      Flexible office suites with utilities included, near Wrightsville Beach.
      6209 Oleander Drive, Wilmington, NC 28403
      View Details
    • $12,000/Mo
      6,118 SF

      Wilmington Industrial Facility with Yard

      Freestanding industrial facility with warehouse, office, and secured yard.
      1501 Marstellar Street, Wilmington, NC 28401
      View Details
    • $600/Mo
      90 SF

      Downtown Wilmington Private Office Space

      Affordable private office in downtown Wilmington with shared amenities.
      401 Chestnut Street, Wilmington, NC 28401
      View Details
    • $2,970/Mo
      1,682 SF

      Wilmington Office Space For Lease

      Office space in established commercial corridor with flexible leasing options.
      330 Shipyard Boulevard, Wilmington, NC 28412
      View Details
    • $1,600/Mo
      900 SF

      Wilmington Retail Space For Lease

      900 SF retail space in a high-traffic Wilmington location.
      4904 Carolina Beach Road, Wilmington, NC 28412
      View Details
    • $800/Mo
      150 SF

      Private Office Space Available

      Single-room office in Wilmington, NC, ideal for small business professionals.
      1901 Kent Street, Wilmington, NC 28403
      View Details
    • $545/Mo
      200 SF

      Downtown Wilmington Flexible Executive Office

      Move-in-ready commercial space in Wilmington's Historic Downtown District.
      404 N 3rd Street, Wilmington, NC 28401
      View Details
    • $2,000/Mo
      1,036 SF

      Downtown Wilmington Executive Office Suite

      Furnished office space in the heart of downtown Wilmington.
      404 N 3rd Street, Wilmington, NC 28401
      View Details
    • $153,672 SF/Yr
      6,403 SF

      Porters Neck Commercial Space Available

      6,400+ SF commercial space in rapidly growing Porters Neck.
      155 Porters Neck Road, Wilmington, NC 28411
      View Details
    • $3,250/Mo
      1,861 SF

      Move-in Ready End-Unit in Wilmington

      Versatile commercial space suitable for daycare, healthcare, or office use.
      3910 Princess Place Drive, Wilmington, NC 28405
      View Details
    • $1,150/Mo
      648 SF

      Flexible Office-Light Industrial Unit

      Office reception and private bathroom fronting Hinton Avenue, with a rear open work area and rolling garage door.
      109 Hinton Avenue, Wilmington, NC 28403
      View Details

    FAQs

    What type of property is this?
    Warehouse - 30,000 SF warehouse/distribution space in Pender Commerce Park.
    Where is this warehouse located?
    The property is located at 353 Acme Wy Wilmington, NC.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 30,000 SF of first generation warehouse/distribution space; Available in late 2024 in shell condition; Boasts a **34’ eave height (30’ clear)**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Will Leonard
    Real Estate License ID: NC 214347
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    353 Acme Wy, Wilmington, NC 28401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!