Property summary
This exceptional 1.46-acre industrial land parcel, located at 363 Metro Cir, Wilmington, NC 28401, presents a compelling investment opportunity. Currently zoned I-2, the property boasts convenient access to US Hwy 421 and the I-140 interchange, ensuring excellent logistical advantages. The land is currently leased to Ferrell Gas, with the lease expiring in May 2027. Existing improvements are in place for the tenant's use, and the property is fully fenced, providing security and defined boundaries. The lot size is 1.46 acres, and the asking price is $365,000, representing a pro-forma cap rate of 6.50%. The property's APN is R03200-002-028-000, situated in New Hanover County. This offering presents a solid investment prospect with a stable tenant and strategic location. Serious inquiries are encouraged
Property profile
VerifiedCap rate & NOI
Current use
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Propane Supplier Industrial Gas Supplier
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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