Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    950 Hankinsville Road lot 5B Southport, NC 28461

    View on Map
    Claim this Listing
    For Sale
    $169,900

    LAND - Southport, NC

    Lot size:
    0.23 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    60
    Last Refresh:
    May 5 at 2:06 pm

    Property Features for 950 Hankinsville Road lot 5B

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Sp-R-10
    Standard status
    Active
    APN
    237df03202
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TR-5B 0.23 AC PL-159/3
    Tax Annual Amount
    757

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Hank Troscianiec & Associates

    Listing agent Hank Troscianiec & Associates

    Listing office Keller Williams Innovate-OKI 5721 E Oak Island Dr, Ocean Isle Beach, NC

    Listing date Mar 6, 2026

    MLS# 100558504 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.

    Overview

    Southport Homesite Near Waterfront

    This expansive homesite is nestled among majestic live oaks in Southport, North Carolina, offering the opportunity to create a dream home. Located a short distance from the historic downtown waterfront, the property combines privacy and convenience. The site has been cleared and surveyed, and a privacy fence has been newly positioned along both sides. The location is minutes away from shopping, dining, and scenic views. There is ample parking space, plus room for a boat or RV. With no HOA, this location is 10-15 minutes from Oak Island and Caswell Beach. The property is zoned SP-R-10 and has a lot size of 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.0261168
    Latitude
    33.9295904

    Nearby Similar for Sale

    • $750,000
      1,584 SF

      Southport Commercial Property For Sale

      Premier commercial property in historic downtown Southport, North Carolina.
      414 N Howe Street, Southport, NC 28461
      View Details
    • $500,000

      Prime Southport Business District Land

      Exceptional exposure in a high-growth coastal tourism market.
      413 N Howe Street lot: 0, Southport, NC 28461
      View Details
    • $315,000

      Southport, NC Commercial Land

      5 acre commercial lot with high visibility in Southport, NC.
      3760 George II Highway SE, Southport, NC 28461
      View Details
    • $427,500

      Southport, NC Land Opportunity

      0.59-acre parcel zoned CO-NC, suitable for various uses.
      1228 N Lord Street, Southport, NC 28461
      View Details
    • $399,000

      Golf-Front Homesite in St. James

      Premium 0.37-acre homesite with golf course views in Southport, NC.
      3886 Hearndon Lane lot: 48, Southport, NC 28461
      View Details
    • $519,000

      Waterfront Homesite in St. James

      Intracoastal Waterway homesite with access to premier community amenities.
      2829 Harborside Way lot: 1, Southport, NC 28461
      View Details
    • $419,900

      Golf Course Homesite in Southport

      Premier homesite on the 1st green in St. James Plantation.
      3760 Players Club Drive SE, Southport, NC 28461
      View Details
    • $60,000

      Cleared Land Near Southport, NC

      Cleared 0.48-acre lot, convenient to parks, fishing, Wilmington, and Southport.
      1230 Juniper Road lot: 54-55, Southport, NC 28461
      View Details
    • $539,000

      Southport Land with Golf Views

      Oversized homesite with pond and golf views in St. James.
      3258 Moss Hammock Wynd, Southport, NC 28461
      View Details
    • $95,000

      Southport Vacant Lot For Sale

      Vacant lot in Southport, NC, with potential.
      5099 Minnesota Drive SE, Southport, NC 28461
      View Details
    • $1,775,000
      5,262 SF

      Southport Multifamily Investment Opportunity

      Unique four-unit property with short-term rental advantage in Southport.
      510 W St George, Southport, NC 28461
      View Details
    • $635,000

      Highway 133 Commercial Land Parcel

      0.92-acre commercial lot with high visibility on Highway 133.
      4475,4485 Long Beach Road SE lot: 32 & 31, Southport, NC 28461
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Expansive homesite near historic downtown waterfront. Build your dream home.
    Where is this residential land & home lot located?
    The property is located at 950 Hankinsville Road lot 5B Southport, NC.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Prime location: Short walk/golf cart ride to Southport's historic downtown waterfront.; Cleared and surveyed homesite ready for building.; No HOA restrictions.
    (910) 262-7705
    We can help!
    Listing Contact
    Hank Troscianiec & Associates
    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
    950 Hankinsville Road lot: 5B, Southport, NC 28461
    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!