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1316 S 5th Ave 7,445 SF 100% Leased Industrial Building Wilmington, NC 28401 $895,000 ($120.21/SF) 6.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Great investment property in growth area
- Property located very close to Greenfield Lake and Greenfield Street
EXECUTIVE SUMMARY
Great investment property in up and coming area. Lots of growth happening in this general area! Zone A - 4156 s/f wall-wall - has side access sliding door as well as front entryway. Zone B- 1904 s/f wall-wall - has sliding access door in rear as well as door entryway. Zone C -855 s/f wall-wall. 7445 total s/f. See floor plan. Bathrooms and office area in all 3 units. Property located on corner lot with lots of parking- 19 spots.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $895,000 | Lot Size | 0.41 AC |
| Price Per SF | $120.21 | Rentable Building Area | 7,445 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.84% | Year Built/Renovated | 1984/2009 |
| Sale Condition | Business Value Included | Parking Ratio | 2.55/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12’6” |
| Property Subtype | Service | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | UMX - UMX- allows many uses. https://wilmington.granicus.com/MetaViewer.php?view_id=23&clip_id=4494&meta_id=164344 | ||
| Price | $895,000 |
| Price Per SF | $120.21 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.84% |
| Sale Condition | Business Value Included |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 7,445 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2009 |
| Parking Ratio | 2.55/1,000 SF |
| Clear Ceiling Height | 12’6” |
| Opportunity Zone |
Yes |
| Zoning | UMX - UMX- allows many uses. https://wilmington.granicus.com/MetaViewer.php?view_id=23&clip_id=4494&meta_id=164344 |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
ABOUT 1316 S 5TH AVE , WILMINGTON, NC 28401
Building consist of 3 units. Unit A (front unit)- 4156 s/f was last used as a gym. Has side sliding door. Unit B(rear unit)- 1904 s/f used by relative for storage. Has back sliding door. Unit C- 855 s/f used as art studio. Corner lot. 19 parking spaces. The City of Wilmington has started a major rehabilitation project on 5th Ave. to include new water & sewer lines, improve storm drains, improved sidewalk and repaving of street which will include a adding a bike lane. Unit A space is vacant. Rent potential $50,000-58,184 Unit B used as storage. Rent potential $22,812-26,656.Total potential: $84,000-96,000.
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Fl - B | 1,904 SF | Industrial | Shell Space | Dec 2025 |
1st Fl - B
| Size |
| 1,904 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Dec 2025 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl - B
| Size | 1,904 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Dec 2025 |
1 1
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | R05413-039-002-000 | Total Assessment | $683,000 (2025) |
| Land Assessment | $126,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $556,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R05413-039-002-000
Land Assessment
$126,500 (2025)
Improvements Assessment
$556,500 (2025)
Total Assessment
$683,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 58
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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1316 S 5th Ave
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