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    1200 Castle Hayne Rd Wilmington, NC 28401

    For Lease
    $4 SF/Yr

    Industrial warehouse, 2,500-5,000 sq ft

    Lot size:
    70,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Wilmington, NC industrial warehouse offers 5,000 square feet of immediately available space, divisible into units ranging from 2,500 to 5,000 contiguous square feet within a larger 70,000 square foot building. Located at 1200 Castle Hayne Rd, Wilmington, NC 28401, this property sits on a 2-acre lot and is zoned I-2. Built in 1966, the warehouse features shared roll-up doors at one end and dock doors at the other. While restrooms and offices are not included within the leased space, a convenient pad with utilities is available for a trailer adjacent to the building. Access is via a gravel road, conveniently located near the intersection of McRae Street and Castle Hayne Road, backing up to MLK Parkway. The property is part of the Corbett Lumber complex. Landlord pays for building insurance, exterior building maintenance, electricity, pest control, sewer, taxes, water, and yard maintenance. Tenant is responsible for liability insurance. The property's APN is 312805.17.8531.000 in New Hanover County. This presents a unique opportunity for businesses seeking flexible warehouse space in a well-situated location.

    Property Features for 1200 Castle Hayne Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,000 SF
    Total Rate
    23333.33

    Building Details

    Year Built
    1966

    Unit(s) available at that property

    Space
    Warehouse
    Size
    5,000 SF
    Rate per SF
    $5

    HighLights

    • 5,000 SF industrial warehouse immediately available in Wilmington, NC, divisible to 2,500 SF.
    • Located at 1200 Castle Hayne Rd, Wilmington, NC 28401, on a 2‑acre lot, I‑2 zoning.
    • Features shared roll‑up and dock doors; adjacent trailer pad with utilities available.
    • Landlord pays for most expenses (insurance, maintenance, utilities, taxes); tenant responsible for liability insurance.
    • Located near McRae St and Castle Hayne Rd, convenient access to MLK Parkway; part of Corbett Lumber complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boaty's Boat House Boat Repair Shop Corbett Package Company Manufacturer Corbett Timber Company Logging Contractor Corbett Farming Company Shipping Service Unlimited Boat Service Boat Repair Shop

    Suggested Use

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

    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
    -77.9372318
    Latitude
    34.2592361

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 2,500-5,000 sq ft
    Where is this distribution property located?
    The property is located at 1200 Castle Hayne Rd Wilmington, NC.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF industrial warehouse immediately available in Wilmington, NC, divisible to 2,500 SF.; Located at 1200 Castle Hayne Rd, Wilmington, NC 28401, on a 2-acre lot, I-2 zoning.; Features shared roll-up and dock doors; adjacent trailer pad with utilities available.
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    1200 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
    1200 Castle Hayne Rd Wilmington, NC 28401
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