Property profile

920 Princess St Wilmington, NC 28401

FOR LEASE
Other warehouses
Property ID
US53-1364469
16,896 SF 0.5 ac lot Built 1930
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This flex space property is located in the Soda Pop District, directly across from the Bottle Works Building, and is suitable for a range of adaptive uses. The configuration includes multiple space options of approximately 608, 920, and 1,500 square feet, with the building layout allowing two spaces to be combined for a combined size of about 2,460 square feet. Key features include an 18-foot wide by 14-foot high grade-level roll-up door, a chain-link rolling security gate, and a system supporting 24-hour access. The property is zoned UMX for adaptive reuse and has utility services including electricity, water, and sewer. Interior improvements include two bathrooms and a ceiling-mounted infrared heater, with HVAC not included.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1930
Construction CONCRETE
Total area 16,896 SF
Lot 0.5 ac (21,693 SF)
Zoning code UMX
APN R04818-017-003-000
UPID US53-1364469

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
  • Moving Company

Location

920 Princess St Wilmington, NC 28401
Wilmington metro Census 10100 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M

Owner & transaction history

since 2024
Last sale
$1.5M
3 recorded transactions
2024
$1.5M
2022
Price N/A
2015
$1.5M

Zoning & alternative use

UMX · Wilmington, NC
Zoning description

ustrial District. Sec. 18-200. - AI, Airport Industrial District. Sec. 18-201. - CEM, Cemetery District. Sec. 18-202. - RFMU, Riverfront Mixed Use District. Sec. 18-203. - RO, Residential Office District. Sec. 18-204. -…

General category MIXED_USE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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