Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4274 Us-421 Wilmington, NC 28401
    Back to Search
    Property profile & analytics

    4274 Us-421, Wilmington, NC 28401

    View on Map
    • Warehouses
    • 19,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4274 Us-421

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional new construction in Maritime North Business Park offers ±19,800 square feet of flexible office/warehouse space, currently available for lease. The property is strategically located on Highway 421 North, providing convenient access to the new I-40 Outer Loop Highway network and is less than four miles from downtown Wilmington via the Isabel Holmes Bridge. The building features two distinct spaces: one approximately 11,275 square feet with four 12'x12' grade-level drive-in doors, and another approximately 8,525 square feet with three 12'x12' grade-level drive-in doors. Each space includes a thoughtfully designed office build-out of approximately 765 square feet, encompassing a reception area, two private offices, and two restrooms. Units are available in sizes ranging from a minimum of 2,750 square feet to a maximum contiguous space of 3,025 square feet, offering considerable flexibility for businesses of various sizes. The property's prime location and modern amenities make it an ideal choice for companies seeking efficient and well-appointed office/warehouse space in a thriving business park. Multiple tenancy options are available. Contact us today to learn more about leasing opportunities and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Pender
    State
    North Carolina
    Longitude
    -77.9804
    Latitude
    34.3073

    Comparable in this City

    • Value Estimation by Request
      20,900 SF

      4270 Us-421

      Distribution properties
      4270 Us-421, Wilmington, NC 28401
      View Details
    • Value Estimation by Request
      100,081 SF

      3940 Us-421

      Life science properties
      3940 Us-421, Wilmington, NC 28401
      View Details
    • Value Estimation by Request
      2,709 SF

      610 Front St

      Distribution properties
      610 Front St, Wilmington, NC 28401
      View Details
    • Value Estimation by Request
      30,000 SF

      353 Acme Way

      Distribution properties
      353 Acme Way, Wilmington, NC 28401
      View Details
    • Value Estimation by Request
      115,000 SF

      2820 Us-421

      Life science properties
      2820 Us-421, Wilmington, NC 28401
      View Details
    • Value Estimation
      $5,035,000
      30,269 SF

      1000 Greenfield St

      WAREHOUSE, STORAGE
      1000 Greenfield St, Wilmington, NC 28401-7835
      View Details

    Similar Nearby for Sale

    • $4,400,000
      0.94 Acres

      Brooklyn Arts District Land Assemblage

      Rare 0.94-acre multi-parcel in Wilmington's Brooklyn Arts District.
      712 N 4Th St, Wilmington, NC 28401
      View Details
    • Contact for pricing
      12,693 SF

      Wilmington Industrial Warehouse Assemblage

      0.94 acre industrial warehouse assemblage in Brooklyn Arts District.
      711 N 5Th Ave, Wilmington, NC 28401
      View Details
    • Contact for pricing
      44,841 SF

      Wilmington Mixed-Use Development Opportunity

      1.9-acre commercial property in Opportunity Zone, high-traffic area.
      1315 S 5Th Ave, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Brooklyn Arts District Multi-Parcel Offering

      0.94 acre industrial warehouse assemblage in Wilmington's Brooklyn Arts District.
      711 N 5Th Ave, Wilmington, NC 28401
      View Details
    • Contact for pricing
      5,000 SF

      Fully Leased Industrial Portfolio

      Multi-tenant industrial portfolio in Wilmington's growing corridor.
      3240 Us Highway 421 N, Wilmington, NC 28401
      View Details
    • Contact for pricing
      12,500 SF

      Riverfront Warehouse on Large Parcel

      Warehouse on 28.24 acres near downtown Wilmington.
      1233 Castle Hayne Rd, Wilmington, NC 28401
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      70,000 SF

      Wilmington Warehouse Space Available

      Industrial warehouse, 2,500-5,000 sq ft
      1200 Castle Hayne Rd, Wilmington, NC 28401
      View Details
    • Contact for pricing

      New Warehouse Space Available

      30,000 SF warehouse/distribution space in Pender Commerce Park.
      353 Acme Way, Wilmington, NC 28401
      View Details
    • Contact for pricing
      30,000 SF

      New Warehouse/Distribution Space Available

      30,000 SF warehouse/distribution space for lease in Pender Commerce Park.
      353 Acme Way, Wilmington, NC 28401
      View Details
    • Contact for pricing

      New Industrial Park on Highway

      New industrial park with phased development and deep water access.
      2820 Us Highway 421, Wilmington, NC 28401
      View Details
    • Contact for pricing
      43,658 SF

      Industrial Space Near Interstate 140

      152,887 SF industrial building in Wilmington Trade Center.
      Us Highway 421, Wilmington, NC 28401
      View Details
    • Contact for pricing
      8,505 SF

      Warehouse Space with Conditioned Area

      Warehouse space featuring a conditioned area, offices, and loading docks.
      1220 South 13Th St, Wilmington, NC 28401
      View Details
    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.
    4274 Us-421
    Wilmington, NC 28401
    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
    4274 Us-421, 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!