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

    9169 Devaun Park Blvd SW, Unit 206 Calabash, NC 28467

    Sponsored
    For Sale
    $80,000

    LAND - Calabash, NC

    Lot size:
    0.24 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 30 at 11:06 am

    Property Features for 9169 Devaun Park Blvd SW

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Ca-Pud
    APN
    255ia009
    Lot size
    0.24 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Karen K Wishon
    Karen K Wishon

    Coldwell Banker Sea Coast Advantage (910) 799-3435

    Listing agent Karen K Wishon (910) 754-7000 License #254919

    Listing date Jan 15, 2026

    MLS# 100549315 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

    Devaun Park Quarter Acre Lot

    This quarter acre lot is situated on a quiet, tree-lined street within the Devaun Park neighborhood. The property offers a large buildable area suitable for a custom home. Devaun Park is located between the Calabash River and the Intracoastal Waterway, approximately 5 minutes from Sunset Beach and the restaurants and shops in Calabash. Community amenities include a clubhouse with a pool and fitness center, a walking trail leading to a park along the Calabash riverfront, and sidewalks throughout the neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Clothing Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Calabash
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.559532
    Latitude
    33.878277

    Nearby Similar for Sale

    • $231,900
      1,445 SF

      Brunswick Plantation Condo with Pond View

      Well-maintained condo in amenity-rich Brunswick Plantation, near Sunset Beach.
      8855 Radcliff Dr NW, Calabash, NC 28467
      View Details
    • $174,000
      860 SF

      Coastal Condo with Resort Amenities

      Charming 2-bedroom condo with pool, hot tub, and convenient location.
      10172 Beach Dr SW, Calabash, NC 28467
      View Details
    • $194,900
      1,178 SF

      Investor Condo with Rental History

      First-floor, furnished condo with lockout unit and golf course view.
      330 S Middleton Dr NW, Calabash, NC 28467
      View Details
    • $264,900
      1,341 SF

      Furnished Condo in Brunswick Plantation

      Move-in ready condo with pond view and community amenities.
      8855 Radcliff Dr NW, Calabash, NC 28467
      View Details
    • $275,000

      New Coastal Luxury Condo

      Luxurious 2-bedroom condo with modern amenities in amenity-rich community.
      395 S Crow Creek Dr, Calabash, NC 28467
      View Details
    • $275,000

      New Coastal Luxury Condo

      New 2-bedroom condo with luxury features and community amenities.
      395 S Crow Creek Dr, Calabash, NC 28467
      View Details
    • $321,500

      Beach Condo with Pond View

      Well-maintained condo with flexible space near beaches and golf.
      395 S Crow Creek Dr NW, Calabash, NC 28467
      View Details
    • $321,900

      Beach Condo with Golf Course

      Well-maintained condo with pond views, near beaches and golf.
      395 S Crow Creek Dr, Calabash, NC 28467
      View Details
    • $285,000

      Resort-Style Condo with Golf Views

      3BR condo with golf course views, near Sunset Beach.
      250 Woodlands Way, Calabash, NC 28467
      View Details
    • $154,500
      751 SF

      Coastal Condo in Gated Community

      One-bedroom condo with resort-style amenities near beaches and waterfront dining.
      330 S Middleton Dr NW, Calabash, NC 28467
      View Details
    • $219,900

      Move-In Ready Condo Near Golf

      Well-maintained 2-bedroom, 2-bath condo in Crow Creek Golf Course community.
      395 S Crow Creek Dr, Calabash, NC 28467
      View Details
    • $459,500

      Hickman Road Storage with Rental

      2.25 acres commercially zoned for storage with rental home.
      160 Hickman Rd, Calabash, NC 28467
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot in Devaun Park near Sunset Beach and Calabash.
    Where is this residential land & home lot located?
    The property is located at 9169 Devaun Park Blvd SW, Unit 206 Calabash, NC.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Large quarter-acre lot with ample buildable area for a custom home.; - Located in Devaun Park, between the Calabash River and Intracoastal Waterway.; - Close proximity (5 minutes) to Sunset Beach, restaurants, and shops in Calabash.
    (919) 523-7340
    Request Owner's contact information
    9169 Devaun Park Blvd SW, Unit 206 Calabash, NC 28467
    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.
    9169 Devaun Park Blvd SW, Unit 206
    Calabash, NC 28467
    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
    9169 Devaun Park Blvd SW, Unit 206 Calabash, NC 28467
    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
    Karen K Wishon
    Karen K Wishon
    Real Estate License ID: 254919
    (919) 523-7340
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.