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Property profile & analytics
OFF-MARKET
Warehouses

2820 Us-421 Wilmington, NC 28401

115,000 SF Built 1962
Property ID
Property summary
AI-generated overview

This exceptional Class A industrial property, "The Yard," Building 1, offers 115,000 square feet of flexible space in Wilmington, NC. Located on 10.88 acres at 2820 US-421, Building 1 is a single-story structure built in 1962 and extensively renovated in 2023. The property is zoned I-2 and features five suites, with a minimum divisible space of 15,000 square feet and a maximum contiguous space of 23,400 square feet. Currently, 38,400 square feet is available. Units can be subdivided to approximately 15,000 square feet, or units can be combined for larger needs, up to 38,400 square feet. This prime location boasts convenient access to major transportation arteries including I-140, I-40, Highways 74/76/17, Wilmington International Airport, Downtown Wilmington, and the NC Port of Wilmington. The property also benefits from deep-water access to the Cape Fear River and an existing CSX rail spur. Complete infrastructure is in place, including water, sewer, electricity, and gas, making it ideal for manufacturing, warehouse, distribution, R&D, and flex uses. The APN is 3119-53-1339.000. This is a rare opportunity in the thriving New Hanover Outlying submarket along Highway 421.

Property profile
Verified
Property type Warehouses
Year built 1962
Total area 115,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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