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    Property profile & analytics

    1701 N 5Th Ave Wilmington, NC 28401

    • Warehouses
    • 13,650 SF
    • 1.59 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $4,460,000
    Last Sale
    Sep 04, 2024
    $4,500,000
    Location Intelligence
    Property ID
    US53-4959924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1701 N 5Th Ave

    Year built
    2023
    Lot size
    1.59 lot acres
    Property size
    13,650 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    R04805-023-001-000
    APU
    R04805023001000

    Description

    This exceptional 14,000-square-foot industrial warehouse in Wilmington, NC, offers a prime location and versatile space ideal for various businesses. Built in 2023, this single-story building features 24-foot ceilings and 10 drive-in doors, ensuring efficient loading and unloading. Currently, 9,000 square feet are available, divisible into units as small as 3,000 square feet, with a maximum contiguous space of 9,000 square feet. The property boasts 3-phase power and is zoned LI-LIGHT INDUSTRIAL, making it suitable for a range of industrial uses, including warehouse, distribution, and manufacturing. Situated at 1701 N 5th Ave, Wilmington, NC 28401, this location provides convenient access to major highways, including Hwy 421, Hwy 17, and Hwy 74. The property is conveniently located on the north side of downtown Wilmington. While the entire 9,000 square feet is available, the landlord is open to dividing the space into two units to accommodate various business needs. Tenants will benefit from ample parking and a laydown area. Scheduled access to a boat lift at Cape Fear Marina is also available, making this an especially attractive option for businesses in the marine industry.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,955,000
      6.5%
      $4,655,000
      7%
      $4,515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,095,000
      Geo Method
      $4,270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,060,000
      Retail
      $4,055,000
      Mixed-Use
      $3,960,000
      Hospitality
      $4,350,000
      Educational
      $5,045,000
      Residential Income
      $4,100,000
      Energy
      $5,000,000
      Income-Based Land
      $4,430,000
      Food Service
      $4,870,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9461
    Latitude
    34.2551
    CBSA code
    48900
    CBSA name
    WILMINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $178,700
    $904,400
    $1,083,100
    -
    $178,700
    $904,400
    $1,083,100

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    1701 N 5Th Ave
    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
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