Property profile

1701 5TH AVE Wilmington, NC 28401

OFF-MARKET
Warehouse, Storage
Property ID
US53-4959924
13,650 SF 1.59 ac lot Built 2023
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Property summary

AI-generated overview

The property is a newly constructed light industrial building with approximately 5,000 to 8,660 square feet of available space. It is located on the outskirts of Downtown Wilmington with access to Highway 74, Highway 421, and I-140, supporting regional transportation and distribution. The warehouse/manufacturing area includes 18-foot eave heights and 22-foot center clearances, along with 6 electric rollup doors sized 18 feet by 18 feet. Building features include ceiling fans and LED lighting. Exterior amenities include a large yard area suitable for additional storage and parking.

Property profile

Verified
Property type Warehouse, Storage
Year built 2023
Total area 13,650 SF
Lot 1.59 ac (69,086 SF)
APN R04805-023-001-000
UPID US53-4959924

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1701 5TH AVE Wilmington, NC 28401
Wilmington metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2024
Last sale
$4.5M
5 recorded transactions
2024
Price N/A
2024
$4.5M
2021
Price N/A
2020
$500,000
2019
$125,000
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