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Property profile & analytics
OFF-MARKET Estimated value $880,000
Warehouses

1316 5th Ave Wilmington, NC 28401-6260

7,350 SF 0.42 ac lot Built 1984
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US53-1514621
Property summary
AI-generated overview

This exceptional commercial property, located at 1316 S 5th Avenue in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a substantial 7,445 square feet of space, this building sits on a sizable 0.41-acre lot, offering ample room for expansion or outdoor utilization. The property's classification as "Other" suggests versatility in its potential uses, making it suitable for a wide range of businesses. Its prime location in Wilmington ensures high visibility and accessibility, attracting a significant customer base. The asking price of $1,125,000 reflects the property's considerable size, desirable location, and the potential for strong returns on investment. Given the substantial square footage and generous lot size, this property is ideal for businesses requiring extensive space for operations, storage, or both. The property's versatility allows for creative adaptation to suit various business needs, making it an attractive proposition for entrepreneurs and established companies alike. Further investigation into zoning regulations and permitted uses is recommended to fully explore the potential of this significant commercial offering in the thriving Wilmington market. Serious inquiries are encouraged to explore this compelling investment opportunity further. The property's size and location in Wilmington, NC, make it a highly attractive prospect for a variety of commercial ventures.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1984
Construction STEEL FRAME
Total area 7,350 SF
Lot 0.42 ac (18,165 SF)
Zoning code UMX
APN R05413-039-002-000
UPID US53-1514621
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
Current use
Occupant on record · Public records
  • SeaCoast Crossfit Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.15M
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k
Owner & transaction history
Tide Rock Realty LLC
Tide Rock Realty LLC
since 2025
3 recorded transactions
2025
$800,000
2016
$445,000
2008
$315,000
Zoning & alternative use
UMX · Wilmington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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