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

    3320 W Dolphin Dr, Unit 10 Oak Island, NC 28465

    Sponsored
    For Sale
    $480,000

    LAND - Oak Island, NC

    Lot size:
    0.17 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 1 at 1:06 pm

    Property Features for 3320 W Dolphin Dr

    General Information

    Special listing conditions
    Third Party Approval
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Third Party Approval
    Standard status
    Active
    Zoning
    Ok-R-7
    APN
    234pb024
    Lot size
    0.17 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Jessica M Wainwright
    Jessica M Wainwright

    Live Love Brunswick (910) 518-5377

    Listing agent Jessica M Wainwright (910) 524-3463 License #281319

    Listing date Jan 26, 2026

    MLS# 100551224 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

    Marsh-Front Lot Near Atlantic

    This property, offered as a court-ordered sale, is a 50 x 150 marsh-front lot overlooking Montgomery Slough, situated steps from the Atlantic Ocean. The location provides both marsh views and proximity to the beach. Located near the W 39th Street public water access, it offers entry to the Intracoastal Waterway for activities such as sunset paddling, morning cruises, and fishing. This lot is suited for a second home, income-producing vacation rental, or retirement house, offering build flexibility. Surveys have been completed, and home design ideas and build pricing are available. The property can be paired with the neighboring lot at 3318 W Dolphin Drive to create a 100-foot-wide marsh-front estate, allowing for more space and options. The property is located in Oak Island, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Auto Repair Shop Hotel & Motel Kitchen & Bath Grocery Store Food Market Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Island
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.194368
    Latitude
    33.915382

    Nearby Similar for Sale

    • $925,000
      2,660 SF

      Beachfront Triplex in Oak Island

      Versatile triplex with ocean views, steps to beach and marina.
      5416 W Beach Dr, Oak Island, NC 28465
      View Details
    • New
      $589,000
      1,560 SF

      Oak Island Duplex Investment Opportunity

      Duplex near the beach with income potential.
      100 NE 43Rd St, Oak Island, NC 28465
      View Details
    • $630,000
      1,719 SF

      Turnkey Duplex Near Oak Island Beach

      Renovated duplex, two units, short-term rental potential near the ocean.
      111 NE 19Th St, Oak Island, NC 28465
      View Details
    • $235,000

      Affordable Island Living Opportunity

      Mobile home near Oak Island amenities, sold as is.
      254 NE 66Th St, Oak Island, NC 28465
      View Details
    • $379,000
      5.00 Acres

      3760 George Ii Hwy, Southport, NC 28461

      Commercial real estate • 5.00 Acres
      3760 George Ii Hwy, Southport, NC 28461
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Marsh-front lot near the Atlantic, ideal for building.
    Where is this residential land & home lot located?
    The property is located at 3320 W Dolphin Dr, Unit 10 Oak Island, NC.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: - Marsh-front lot with views of Montgomery Slough and proximity to the Atlantic Ocean.; - Easy access to the Intracoastal Waterway via W 39th Street public access.; - Suitable for a second home, vacation rental, or retirement house.
    (910) 524-3463
    Request Owner's contact information
    3320 W Dolphin Dr, Unit 10 Oak Island, NC 28465
    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.
    3320 W Dolphin Dr, Unit 10
    Oak Island, NC 28465
    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
    3320 W Dolphin Dr, Unit 10 Oak Island, NC 28465
    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
    Jessica M Wainwright
    Jessica M Wainwright
    Real Estate License ID: 281319
    (910) 524-3463
    Learn more
    Google sign-in failed. Please try again or use another login method.