Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Forest Hills Neighborhood Title is generated by Realmo AI

    2221 Forest Drive SW, Supply, NC 28462

    View on Map
    Claim this Listing
    For Sale
    $75,000

    LAND - Supply, NC

    Lot size:
    0.51 Acres
    Added:
    May 23, 2025
    Days on Market:
    367
    Last Refresh:
    May 24 at 3:06 pm

    Property Features for 2221 Forest Drive SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Co-R-6000
    Standard status
    Active
    APN
    215kc026
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    L-28 B-I Forest Hills Pl P/257
    Tax Annual Amount
    90

    We can help!

    Listing Contact
    Aspyre Realty Group

    Listing agent Aspyre Realty Group

    Listing office eXp Realty 1213 Culbreth Dr. Suite 109, Charlotte, NC

    Listing date May 23, 2025

    MLS# 100509357 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

    • Desirable Forest Hills neighborhood location near Holden Beach
    • Three connected parcels totaling approximately 0.51 acres
    • Convenient access to local waterways, Wilmington, and Myrtle Beach
    • Positioned well for long‑term value
    • Suitable for future building plans
    • Option to purchase adjoining 3‑lot parcel for a total of 0.94 acres (see MLS # 100480854)

    Overview

    Three connected parcels, totaling approximately 0.51 acres, are available in the Forest Hills neighborhood near Holden Beach. The property is positioned for long-term value or future building plans. The location offers convenient access to local waterways, Wilmington, and Myrtle Beach. An adjoining 3-lot parcel is also available for purchase, totaling 0.94 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Supply
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.316008
    Latitude
    33.940924

    Nearby Similar for Sale

    • $209,000

      Land Near Holden Beach

      3.9 acres in a high-growth area near Holden Beach.
      2836 Shell Landing Road SW, Supply, NC 28462
      View Details
    • $800,000

      Prime Land Near Holden Beach

      High-traffic commercial land near Holden Beach, North Carolina.
      3317 Holden Beach Road SW, Supply, NC 28462
      View Details
    • $175,000

      Supply, NC Land Parcel

      1.64 acre parcel near the beach with utilities access.
      2294 Oxpen Road SW, Supply, NC 28462
      View Details
    • $750,000

      Supply, NC Commercial Land

      Commercial land available in Supply, NC with development potential.
      1628 Holden Beach Road SW lot: H, Supply, NC 28462
      View Details
    • $139,000

      Waterfront Homesite in Sea Aire Estates

      Intracoastal and canal views near Holden Beach.
      1884 E Sea Aire Canal SW, Supply, NC 28462
      View Details
    • $90,000

      Oyster Harbour Homesite Opportunity

      0.43-acre wooded lot in Oyster Harbour community.
      1951 Redfish Run SW, Supply, NC 28462
      View Details
    • $84,500

      Golf Course View Homesite

      Homesite with golf course and pond views in gated community.
      3155 Fairway 3 Court SW lot: 62, Supply, NC 28462
      View Details
    • $69,900

      Marshfront Homesite in Oyster Harbour

      Marshfront homesite in gated community with water access and amenities.
      1764 Oyster Harbour Parkway SW lot: 8, Supply, NC 28462
      View Details
    • $47,500

      Golf Course Homesite Opportunity

      Homesite with golf course views in established waterfront community.
      3056 Purple Finch Lane SW, Supply, NC 28462
      View Details
    • $69,900

      Marshfront Homesite in Gated Community

      Marshfront homesite in Oyster Harbour with community amenities.
      1762 Oyster Harbour Parkway SW, Supply, NC 28462
      View Details
    • $25,000

      Homesite in Waterfront Community

      Homesite in amenity-rich waterfront community near Holden Beach Island.
      506 Nantes Court SW, Supply, NC 28462
      View Details
    • $95,000

      Oyster Harbour Homesite Opportunity

      Homesite in Oyster Harbour with community amenities and ICW access.
      1994 Redfish Run SW, Supply, NC 28462
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three connected parcels totaling 0.51 acres in Forest Hills.
    Where is this residential land & home lot located?
    The property is located at 2221 Forest Drive SW Supply, NC.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Desirable Forest Hills neighborhood location near Holden Beach; Three connected parcels totaling approximately 0.51 acres; Convenient access to local waterways, Wilmington, and Myrtle Beach
    (910) 241-0404
    We can help!
    Listing Contact
    Aspyre Realty Group
    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
    2221 Forest Drive SW, Supply, NC 28462
    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!