Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1492 St Lucia Dr SW, Unit 28 Shallotte, NC 28470

    Sponsored
    For Sale
    Under Contract
    $120,000

    LAND - Shallotte, NC

    Lot size:
    0.20 Acres
    Days on Market:
    20
    Last Refresh:
    Feb 4 at 7:06 am

    Property Features for 1492 St Lucia Dr SW

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    Co-R-7500
    APN
    243cg028
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Bonnie J Rotundo
    Bonnie J Rotundo

    Coldwell Banker Sloane Realty (910) 443-1189

    Listing agent Bonnie J Rotundo (910) 579-9644 License #187522

    Listing date Jan 16, 2026

    MLS# 100490796 Listing URL

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Near Ocean Isle Beach

    This is an opportunity to own land in Ocean Isle Palms, located close to Ocean Isle Beach. Many new homes are currently under construction in the area. Choose your own builder to develop the 0.2-acre lot. County water and sewer services are available. Community amenities are projected to be built by the end of 2026. The property is located in Shallotte, North Carolina, with a zoning designation of Co-R-7500.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.442444
    Latitude
    33.920775

    Nearby Similar for Sale

    • $1,295,000
      4,218 SF

      Shallotte Retail/Office/Showroom Flex Space

      Impeccable retail, office, showroom, workroom, or flex space.
      423 Village Rd SW, Shallotte, NC 28470
      View Details
    • $525,000
      1,800 SF

      Retail/Flex Building Near Shallotte Park

      1,800 SF retail/flex building near Shallotte District Park.
      5460 Main St, Shallotte, NC 28470
      View Details
    • $789,000

      Oceanfront Condo with Panoramic Views

      Renovated 3-bedroom condo with ocean views and modern amenities.
      63 Ocean Isle West Blvd, Shallotte, NC 28469
      View Details
    • $850,000

      Highway 17 Corner Property

      1.36 acre corner property with a well-maintained building.
      2556 Ocean Hwy W, Shallotte, NC 28470
      View Details
    • $1,200,000

      Turnkey Restaurant on High-Traffic Beach

      Fully renovated restaurant with income potential near popular beaches.
      6931 Beach Dr, Shallotte, NC 28469
      View Details
    • $3,750,000

      Office and Warehouse Space Available

      Office and warehouse space on a hard corner on Hwy 17.
      6260 Ocean Hwy, Shallotte, NC 28469
      View Details
    • $895,000

      Beach Drive Showroom/Office & Warehouse

      Corner lot showroom, office, and warehouse space near beaches.
      7011 Beach Dr, Shallotte, NC 28469
      View Details
    • $178,500

      Carolina Shores Resort Condominium

      Two-bedroom, two-bathroom condominium in Carolina Shores Resort.
      10168 Beach Dr SW, Shallotte, NC 28467
      View Details
    • $549,900
      1,002 SF

      Oceanfront Condo Near Pier

      Cozy condo with ocean views, near shops and restaurants.
      28 E 1St St, Shallotte, NC 28469
      View Details
    • $425,000

      Shallotte Mobile Home Community

      Mobile home community with income-producing units in Shallotte, NC.
      207 Edgewater Dr SW, Shallotte, NC 28470
      View Details
    • $269,000
      600 SF

      Shallotte Commercial Lot - Great Potential

      0.38-acre lot, 600 sq ft building, prime location.
      115 Forest Drive Ext, Shallotte, NC 28470
      View Details
    • $550,000
      1,858 SF

      Prime Shallotte Commercial Land

      3-Acre Lot, 1858 sq ft Building
      5460 Main St, Shallotte, NC 28470
      View Details

    FAQs

    What type of property is this?
    Land - Land available near Ocean Isle Beach with community amenities.
    Where is this land located?
    The property is located at 1492 St Lucia Dr SW, Unit 28 Shallotte, NC.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Rare opportunity to own land near Ocean Isle Beach in a developing area.; - Choose your own builder.; - County water and sewer available.
    (910) 443-0398
    Request Owner's contact information
    1492 St Lucia Dr SW, Unit 28 Shallotte, NC 28470
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1492 St Lucia Dr SW, Unit 28
    Shallotte, NC 28470
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1492 St Lucia Dr SW, Unit 28 Shallotte, NC 28470
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bonnie J Rotundo
    Bonnie J Rotundo
    Real Estate License ID: 187522
    (910) 443-0398
    Learn more
    Google sign-in failed. Please try again or use another login method.