Property profile

298 N Corporate Dr Wilmington, NC 28401

FOR LEASE
Other industrial land
Property ID
US53-0375633
28.16 ac lot
Entity Owned 4-yr Hold Free & Clear
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For Lease
Contact for pricing 288,174 SF available
298 N Corporate Dr, Wilmington, NC 28401
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Property summary

AI-generated overview

The property is a cold storage warehouse facility totaling 288,174 square feet, including approximately 10,000 square feet of office space. The facility has 50-foot clear ceilings and is fully racked with three cold rooms and multi-temperature chambers. It is equipped for blast-freezing with over 400 pallet positions and includes high-speed freezer and cooler doors. Loading infrastructure consists of 45 dock doors with automated door locks and a 230-foot truck court with 45 trailer stalls; there are 54 reefer plugs, including 11 at the dock. The site comprises approximately 28.16 acres, is fenced, lit, and secured, and includes LED motion lighting. Supporting amenities include a locker room, a maintenance room, a guard shack, and a server room, along with USDA and FDA-capable cold-room configuration with temperature ranges from 10 to 57 degrees Fahrenheit. The facility also includes a warehouse-style layout with additional office space elements (e.g., cubicles/lockers) and is equipped with material handling capability. It is located on the East Coast within 13 miles of the Port of Wilmington, providing proximity to major points along the Interstate 95 corridor including Charlotte, Greensboro, and the Raleigh-Durham area.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 28.16 ac (1,226,650 SF)
APN 2291-76-0289-0000
UPID US53-0375633

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
  • Warehouse & Storage

Location

298 N Corporate Dr Wilmington, NC 28401
Wilmington metro Census 920502 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2022
4 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$2.1M
2022
Price N/A

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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