Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shallotte Land Opportunity Title is generated by Realmo AI

    1528 St Vincent Drive SW lot 220, Shallotte, NC 28470

    View on Map
    Claim this Listing
    For Sale
    $99,500

    LAND - Shallotte, NC

    Lot size:
    0.20 Acres
    Added:
    Dec 17, 2025
    Days on Market:
    156
    Last Refresh:
    May 22 at 8:06 am

    Property Features for 1528 St Vincent Drive SW lot 220

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Co-R-7500
    Standard status
    Active
    APN
    243cg142
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L-220 Ph-1A Ocean Isle Palms Plat 35/166

    We can help!

    Listing Contact
    Baxter Cheek

    Listing agent Baxter Cheek License #262683

    Listing office Keller Williams Innovate-OIB Mainland 925 Seaside Road SW Unit #18, Ocean Isle Beach, NC

    Listing date Dec 17, 2025

    MLS# 100545807 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.

    HighLights

    • Opportunity to build a custom home in the desirable Ocean Isle Palms community.
    • Resort‑style amenities anticipated by Summer 2026: clubhouse, community pool, fitness center, bocce and pickleball courts.
    • Ideally located minutes from Ocean Isle Beach and Sunset Beach.
    • Easy access to beaches, boating, golf courses, shopping, and local dining.
    • Suitable for primary residence, second home, or investment property.
    • One of the best‑priced lots available.

    Overview

    This vacant homesite presents an opportunity to invest in land and build a coastal dream home within the Ocean Isle Palms community. The property is suited for designing and constructing a custom residence in one of Ocean Isle Beach's neighborhoods. Ocean Isle Palms is planned to include resort-style amenities anticipated by Summer 2026, featuring a clubhouse, community swimming pool, fitness center, bocce courts, and pickleball courts. Ideally located minutes from Ocean Isle Beach and Sunset Beach, this homesite provides access to beaches, boating, golf courses, shopping, and local dining. Suited for a primary residence, second home, or investment property, this lot offers coastal living, modern amenities and long-term value in Brunswick County's coastal areas. The lot size is 0.2 acres. The property is located in Shallotte, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.441493
    Latitude
    33.919868

    Nearby Similar for Sale

    • $299,000

      Commercial Corner Opportunity in Shallotte

      Commercially zoned land in growing Shallotte Point area.
      1085 Village Point Road SW, Shallotte, NC 28470
      View Details
    • $45,000

      Residential Lot in Rutledge Community

      0.253-acre lot with amenities near Shallotte, NC.
      3031 Old Berwick Street SW lot: 42, Shallotte, NC 28470
      View Details
    • $169,000

      Shallotte Land Near Intracoastal Waterway

      1.12 acre property near water, flexible use, no HOA.
      1593 Bricklanding Road SW, Shallotte, NC 28470
      View Details
    • $49,500

      Residential Lot in Gated Community

      Residential lot in Shallotte, NC with community amenities.
      310 Bay Hill Court, Shallotte, NC 28470
      View Details
    • $55,000

      Residential Lot in Rutledge

      0.43-acre homesite with community amenities near beaches.
      2981 Lyndhurst Terrace SW lot: 29, Shallotte, NC 28470
      View Details
    • $39,900

      Homesite in Gated Golf Community

      Homesite in a gated golf community with resort-style amenities.
      413 River Crest Drive lot: 7, Shallotte, NC 28470
      View Details
    • $44,000

      Private Homesite in River Village

      Homesite in a golf course community with many amenities.
      337 River Village Square lot: 12, Shallotte, NC 28470
      View Details
    • $3,325,000

      Prime Commercial Land Opportunity

      Ready for immediate commercial development in a high-growth area.
      5071 Main Street, Shallotte, NC 28470
      View Details
    • $74,000

      Shallotte Homesite in Gated Community

      Homesite in Rivers Edge Golf Club & Plantation.
      425 Laurel Valley Drive, Shallotte, NC 28470
      View Details
    • $399,000

      Prime Commercial Land in Shallotte

      2.61-acre commercial land near Shallotte's central business district.
      2.61 Acres Mulberry Street, Shallotte, NC 28470
      View Details
    • $84,310

      Homesite in Hewett Farms

      Cleared homesite near Ocean Isle Beach with 3-bedroom septic permit.
      1352 Hewett Farms Road SW, Shallotte, NC 28470
      View Details
    • $27,000

      Riverfront Land in Coastal Community

      Corner lot with river access, ready for development near beaches.
      1602 Little Shallotte River Drive SW lot: 175, Shallotte, NC 28470
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant homesite in Ocean Isle Palms community, near beaches.
    Where is this residential land & home lot located?
    The property is located at 1528 St Vincent Drive SW lot 220 Shallotte, NC.
    What is the asking price?
    The asking price for this property is $99,500.
    What are key features of this property?
    This property features: Opportunity to build a custom home in the desirable Ocean Isle Palms community.; Resort‑style amenities anticipated by Summer 2026: clubhouse, community pool, fitness center, bocce and pickleball courts.; Ideally located minutes from Ocean Isle Beach and Sunset Beach.
    (910) 512-6699
    We can help!
    Listing Contact
    Baxter Cheek
    Real Estate License ID: 262683
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1528 St Vincent Drive SW lot: 220, Shallotte, NC 28470
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!