802 23rd St, Wilmington, NC 28405-1802
This exceptional industrial property, located at 802 N 23rd Street in Wilmington, NC, offers a rare opportunity for owner-occupancy or leasing. The single-story, 214,427-square-foot warehouse/distribution facility sits on a 13.1-acre lot and was built in 1981. Currently, 71,244 square feet are available for immediate occupancy, with an additional 143,183 square feet becoming available July 1, 2025. The property features four loading docks with four dock-high doors and one drive-in door. It boasts a full fire suppression system and is conveniently located near major transportation arteries, including Market Street/US Highway 17, MLK Jr. Parkway, and Wilmington International Airport (ILM). The property is zoned LI and has an APN of 3128-63-8186.000. The building offers existing office space of 2,402 square feet, with conceptual plans for an additional 1,950 square feet of office space. This rail-served facility presents a significant opportunity for businesses seeking substantial warehouse space in a prime Wilmington location. The property is available for sale at $16,950,000 or for lease at $5.95 per square foot NNN (TICAM estimated at $1.10 per square foot). Minimum divisible space is 71,244 square feet, with a maximum contiguous space of 214,427 square feet.
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MCO Distribution & Logistics Storage Facility
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MCO Transport Inc Freight Service Logistics Company
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Coastal Reuse Center Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
AI,AIRPORT INDUSTRIAL · Wilmington, NCWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.