Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land in Supply, NC Title is generated by Realmo AI

    383 Ocean Highway E, Supply, NC 28462

    View on Map
    Claim this Listing
    For Sale
    $89,000

    LAND - Supply, NC

    Lot size:
    4.27 Acres
    Added:
    Jan 7, 2025
    Days on Market:
    491
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 383 Ocean Highway E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R 75
    Standard status
    Active
    APN
    15200041
    Lot size
    4.27 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    6.10 Acres US Hwy 17

    We can help!

    Listing Contact
    Erica Thomas

    Listing agent Erica Thomas License #239230

    Listing office Coastal Development & Realty 131 Ocean Blvd W, Holden Beach, NC

    Listing date Jan 7, 2025

    MLS# 100482604 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

    • Prime location at the intersection of Benton Rd and Highway 17.
    • Large 4.27 acre parcel.
    • High traffic count offering many possibilities.
    • Unique property.
    • Portion of the site near Benton appears to sit high.
    • Rear boundary follows the run of the Royal Oak Swamp.

    Overview

    This 4.27-acre parcel is located at the intersection of Benton Road and Highway 17 in Supply, North Carolina. Situated in a prime location, the property offers convenient access and high traffic count, presenting various possibilities. According to the survey, the portion of the site near Benton Road appears to sit high, and the rear boundary follows the run of the Royal Oak Swamp. The property is zoned R 75.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Supply
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.262359
    Latitude
    34.025298

    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
    • $50,000

      Waterfront Land in Coastal Community

      Build your dream home in a waterfront community.
      3509 Concordia Avenue SW, Supply, NC 28462
      View Details
    • $69,000

      Waterfront Land in Gated Community

      Wooded lot in a gated golf community near Holden Beach.
      3121 Bogie Court SW lot: 290, 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
    • $310,000

      Land with Boat Slip Included

      1.24 AC homesite with boat slip and amenities.
      591 Valverda Street, 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
    • $79,000

      Homesite in Lockwood Folly

      Homesite with golf course views in amenity-rich gated community.
      3118 Bogie Court SW, Supply, NC 28462
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.27-acre parcel at a high-traffic intersection in Supply, NC.
    Where is this commercial land located?
    The property is located at 383 Ocean Highway E Supply, NC.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Prime location at the intersection of Benton Rd and Highway 17.; Large 4.27 acre parcel.; High traffic count offering many possibilities.
    (910) 477-0733
    We can help!
    Listing Contact
    Erica Thomas
    Real Estate License ID: 239230
    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
    383 Ocean Highway E, 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!