Property profile

2737 Castle Hayne Rd Wilmington, NC 28401

OFF-MARKET
Retail space
Property ID
US53-1313128
2,903 SF 0.57 ac lot Built 1963
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a dual-income retail property in Wilmington, North Carolina. Located at 2737 Castle Hayne Rd, this property boasts a total of 6,653 square feet across two buildings situated on a 0.57-acre lot. The property is zoned B-1, allowing for a variety of uses. Built in 1963 and renovated in 1985, the property currently enjoys 100% occupancy. One building is an established auto shop featuring four bays, a small office, and a waiting area; some existing equipment may be included in the sale under separate agreement. The second building operates as a bar. This turnkey investment offers immediate cash flow with the potential for future appreciation. The property's prime location in Wrightsboro, just north of the Food Lion Shopping Center, ensures high visibility and convenient access for customers. The asking price is $1,200,000, translating to $180.37 per square foot. This represents a compelling investment opportunity in a thriving North Carolina market. The property consists of two single-story buildings, offering a combined 6,653 square feet of net rentable space. This is a unique chance to own a well-established, dual-income generating property with significant upside potential. The property's strong location and current occupancy make it an attractive investment for both seasoned and new investors.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Construction WOOD FRAME
Total area 2,903 SF
Lot 0.57 ac (24,655 SF)
Zoning code B-1,BUSINESS DISTRICT
APN R03311-006-027-000
UPID US53-1313128

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Auto Repair Shop

Location

2737 Castle Hayne Rd Wilmington, NC 28401-2684
Wilmington metro Census 11504 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$959k
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$950,000
7 recorded transactions
2025
$950,000
2025
Price N/A
2025
Price N/A
2023
Price N/A
2016
$680,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1,BUSINESS DISTRICT · Wilmington, NC
Top alternative use upside
Office building $1.0M +23.2%
Medical building $945,000 +11.8%
Warehouse, storage $850,000 +0.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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