Add Listing
    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

    1865 Norwood Street SW lot 3 Ocean Isle Beach, NC 28469

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $64,900

    LAND - Ocean Isle Beach, NC

    Lot size:
    0.26 Acres
    Added:
    Jul 24, 2025
    Days on Market:
    271
    Last Refresh:
    Apr 20 at 8:06 am

    Property Features for 1865 Norwood Street SW lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Co-R-6000
    Standard status
    Active Under Contract
    APN
    256db00514
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    L-3 Norwood Brooks Est Plat J/172
    Tax Annual Amount
    51

    Utilities

    Utilities
    Water Available
    Water front
    1

    We can help!

    Listing Contact
    Mike J Smith

    Listing agent Mike J Smith License #233492

    Listing office The Saltwater Agency 3674-6 Express Drive, Shallotte, NC

    Listing date Jul 24, 2025

    MLS# 100521126 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.

    Overview

    Land Near Intracoastal Waterway

    This property presents an opportunity to own land located within 9 lots of the Intracoastal Waterway. The parcel is situated in the Schooners Pointe subdivision and backs to a tidal marsh. County sewer and county water services are available. Constructing a two-story home on pilings may offer views of the Intracoastal Waterway from the top floor. The Schooners Pointe subdivision provides access to a fishing pier with membership, suitable for canoes, kayaks, and jet skis. The property is located approximately 2 miles from Sunset Beach and 3 miles from Ocean Isle Beach. The lot size is 0.26 acres. The zoning is Co-R-6000. This land is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Isle Beach
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.4827864
    Latitude
    33.8915434

    Nearby Similar for Sale

    • $699,000

      Waterway Lot in Ocean Isle

      Intracoastal Waterway lot in desirable Ocean Isle Beach location.
      1609 Denton Street SW, Ocean Isle Beach, NC 28469
      View Details
    • $125,000

      Wooded Homesite in Ocean Ridge

      Private homesite near Sunset Beach with community amenities.
      508 Westchester Place SW lot: 147, Ocean Isle Beach, NC 28469
      View Details
    • $95,400

      Residential Land in Ocean Isle

      Land with pond views, ideal for custom home.
      6408 Castlebrook Way SW lot: 14, Ocean Isle Beach, NC 28469
      View Details
    • $2,800,000

      Prime Land Opportunity Near Beaches

      36 acres near Ocean Isle and Sunset Beaches, North Carolina.
      78 Mclamb Court SW, Ocean Isle Beach, NC 28469
      View Details
    • $889,000

      Ocean Isle Beach Land Tract

      Large, private 15+ acre tract near Ocean Isle Beach.
      1800 Holly Street SW, Ocean Isle Beach, NC 28469
      View Details
    • $299,900

      Ocean Isle Beach Homesite

      Homesite with pond and golf views in Ocean Ridge.
      575 Morely Circle SW lot: 39, Ocean Isle Beach, NC 28469
      View Details
    • $79,000

      Wooded Homesite in Gated Community

      Homesite in Ocean Ridge Plantation near amenity center.
      6864 Beckman Circle SW lot: 12, Ocean Isle Beach, NC 28469
      View Details
    • $85,900

      Residential Homesite in Ocean Ridge

      Homesite in cul-de-sac with wooded preserve surroundings.
      6653 Lisburn Terrace SW lot: 74, Ocean Isle Beach, NC 28469
      View Details
    • $129,000

      Ocean Isle Beach Homesite

      Pristine pond view homesite near south gate and Ridge Center.
      640 Barons Court SW lot: 87, Ocean Isle Beach, NC 28469
      View Details
    • $140,000

      Ocean Isle Beach Vacant Land

      Vacant lot in Ocean Ridge Community near beaches and golf.
      6653 Annesbrook Place SW, Ocean Isle Beach, NC 28469
      View Details
    • $78,000

      Ocean Isle Beach Homesite

      Private nature preserve homesite in Ocean Ridge Plantation.
      526 Lindgrove Place SW lot: 57, Ocean Isle Beach, NC 28469
      View Details
    • $98,900

      Golf Course Homesite in Ocean Isle

      Homesite overlooking tee box #16 in Leopard's Chase golf course.
      569 Lindgrove Place SW lot: 12, Ocean Isle Beach, NC 28469
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land near the Intracoastal Waterway with county utilities.
    Where is this residential land & home lot located?
    The property is located at 1865 Norwood Street SW lot 3 Ocean Isle Beach, NC.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: Close proximity to the Intracoastal Waterway (within 9 lots).; County Sewer and County Water available.; Potential Intracoastal Waterway views from a 2‑story home built on pilings.
    (910) 547-7278
    We can help!
    Listing Contact
    Mike J Smith
    Real Estate License ID: 233492
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!