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    FOR LEASE
    Warehouses

    1701 N 5Th Ave, Wilmington, NC 28401

    13,650 SF 1.59 ac lot Built 2023
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-4959924
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2023
    Total area 13,650 SF
    Lot 1.59 ac (69,086 SF)
    Zoning code LI
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.50M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.81M
    Blend (final) Blend
    $4.50M
    Owner & transaction history
    Jel Wade Warehouse LLC · 1 yrs held
    Jel Wade Warehouse LLC
    since 2024
    Last sale
    $4.5M
    6 recorded transactions
    2024
    $4.5M
    2024
    2021
    2020
    $500,000
    2019
    $125,000
    1969
    Zoning & alternative use
    LI · Wilmington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $4.9M +22.2%
    Restaurant $4.5M +13.2%
    Medical building $4.4M +10.9%
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