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    OFF-MARKET
    Commercial real estate

    363 Metro Cir, Wilmington, NC 28401

    1.46 ac lot
    Property ID
    US53-1450028
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Lot 1.46 ac (63,598 SF)
    APN R03200-002-028-000
    UPID US53-1450028
    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
    Current use
    Occupant on record · Public records
    • Ferrellgas Propane Supplier Industrial Gas Supplier
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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