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    1233 Castle Hayne Rd Wilmington, NC 28401

    Sponsored
    For Sale
    $2,195,000

    28 Acres, 24,896 SF Warehouse, Vacant

    Property size:
    24,896 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property presents a unique investment opportunity in Wilmington, North Carolina. Situated on approximately 28.24 acres of riverfront land, this offering includes a substantial 24,896 square foot warehouse building. The property is zoned I-2 (Industrial) within New Hanover County and boasts a convenient location near MLK Jr. Parkway and downtown Wilmington, offering easy access to major transportation routes. While the total acreage is approximately 28.24 acres, approximately 12.5 acres are considered "usable," with the remainder encompassing wetlands and flood zones (see attached map). In addition to the main warehouse, the property features multiple outdoor, open-air storage buildings, providing ample space for various industrial uses. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. The asking price for this expansive riverfront industrial property is $2,195,000. The property's APN is R04100-001-008-000. Further environmental information is available upon request. This is a rare opportunity to acquire a significant industrial property with substantial acreage and riverfront access in a thriving North Carolina market.

    Property Features for 1233 Castle Hayne Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    24,896 SF
    Lot Size
    1,230,134 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9377381
    Latitude
    34.2624979

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    FAQs

    What type of property is this?
    Distribution property - 28 Acres, 24,896 SF Warehouse, Vacant
    Where is this distribution property located?
    The property is located at 1233 Castle Hayne Rd Wilmington, NC.
    What is the asking price?
    The asking price for this property is $2,195,000.
    Request Owner's contact information
    1233 Castle Hayne Rd Wilmington, NC 28401
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    Wilmington, NC 28401
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    Realmo Value Estimation

    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.

    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.

    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
    1233 Castle Hayne Rd Wilmington, NC 28401
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