Property profile

340 Metro Cir Wilmington, NC 28401

OFF-MARKET
Land
Property ID
US53-1765579
2 ac lot
Entity Owned
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Property summary

AI-generated overview

This exceptional investment opportunity presents 2± acres of industrial land in Wilmington, North Carolina, ideally situated at 340 Metro Cir, 28401. The property, identified by APN R03200-002-031-000, is zoned I-2 within New Hanover County and boasts a prime location near the US Hwy 421 and I-140 interchange, ensuring excellent accessibility. Currently leased to Mobile Mini Storage Containers, the lease agreement is set to expire June 30, 2028, leaving a remaining term of approximately 3.6 years. The property features a stone laydown yard and is fully fenced, adding to its functionality and security. This land offers a compelling investment prospect with a pro-forma cap rate of 6.50% and an asking price of $650,000. Please note that the tenant should not be disturbed. This is a rare opportunity to acquire a well-located, income-producing industrial land parcel in a thriving market. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)
UPID US53-1765579

Cap rate & NOI

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

Location

340 Metro Cir Wilmington, NC 28401
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
1 recorded transaction
2025
$1.0M

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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