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    510 S 3Rd Ave S Kure Beach, NC 28449

    View on Map
    Sponsored
    For Sale
    Under Contract
    $925,000

    MULTI_FAMILY - Kure Beach, NC

    Property size:
    1,961 SF
    Lot size:
    0.12 Acres
    Days on Market:
    15
    Last Refresh:
    Mar 17 at 6:06 am

    Property Features for 510 S 3Rd Ave S

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    RA-2
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3
    Bedrooms
    4
    Bathrooms
    3
    APN
    R09405-002-022-000
    Parking features
    Tandem, Off Street
    Patio and Porch features
    Porch, Patio
    Interior features
    Wash/Dry Connect, Kitchen Island, 2nd Kitchen, Apt/Suite, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Blinds/Shades
    Exterior features
    Balcony
    Appliances
    Vented Exhaust Fan, Electric Oven, Electric Cooktop, Built-In Microwave, Washer, Refrigerator, Dryer, Disposal, Dishwasher
    Size
    1,961 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Marble, Lvt/lvp, Tile
    Building materials
    Vinyl Siding, Wood Siding, Fiber Cement
    Roof type
    Shingle

    We can help!

    Listing Contact
    The Domenico Grillo Real Estate Team

    Keller Williams Realty (910) 264-6506

    Listing agent The Domenico Grillo Real Estate Team (910) 777-2200

    Listing date Mar 2, 2026

    MLS# 100541863 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

    Renovated Duplex Near Kure Beach

    This renovated and fully furnished duplex is situated two blocks from the shores of Kure Beach, North Carolina. The property is suitable for short-term vacation rentals or as a coastal residence. The upper unit features three bedrooms and two bathrooms, with an open-concept layout including a living room with an electric fireplace and ocean views. The kitchen is equipped with quartz countertops, stainless steel appliances, a spacious island, and floating shelves. The primary suite includes a private balcony and a bathroom with dual vanities, a soaking tub, and a tiled walk-in shower. There are two additional guest bedrooms, a guest bath, and a laundry room/pantry. A covered front balcony offers an outdoor space. The downstairs unit includes a full kitchen, living area, bedroom, and bathroom. Additional features include storage space for bikes, surfboards, and beach gear, along with an outdoor shower. The property is located near Fort Fisher, the NC Aquarium, shopping, and restaurants. The lot size is 0.12 acres, and the property size is 1961 square feet. The property is zoned RA-2. The property is located in New Hanover County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Kure Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.909794
    Latitude
    33.992093

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    • Contact for pricing

      Luxurious Condo with Ocean Views

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    FAQs

    What type of property is this?
    Duplex - Fully furnished duplex, two blocks from Kure Beach shores.
    Where is this duplex located?
    The property is located at 510 S 3Rd Ave S Kure Beach, NC.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Fully furnished duplex, ideal for short-term vacation rentals or coastal living.; - Two blocks from Kure Beach.; - Upper unit: **3 bedrooms, 2 baths with open-concept layout, modern kitchen, and primary suite with private balcony and spa-inspired bathroom.**
    (910) 508-7387
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    510 S 3Rd Ave S Kure Beach, NC 28449
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    Kure Beach, NC 28449
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    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
    510 S 3Rd Ave S Kure Beach, NC 28449
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    We can help!
    Listing Contact
    The Domenico Grillo Real Estate Team
    (910) 508-7387 (910) 777-2200
    Learn more
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