Add Listing
    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

    Us Hwy 17-Ocean Hwy W Supply, NC 28462

    View on Map
    For Sale
    Under Contract
    $799,000

    COMMERCIAL - Supply, NC

    Lot size:
    8.78 Acres
    Added:
    Aug 21, 2024
    Days on Market:
    590
    Last Refresh:
    Apr 2 at 7:06 pm

    Property Features for Us Hwy 17-Ocean Hwy W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-LD
    Standard status
    Active Under Contract
    APN
    1820009702
    Lot size
    8.78 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Tr-C 1.33Ac Us 17 and 7.45 Ac Plat123-17 Us Bus

    We can help!

    Listing Contact
    Jeffrey G Hovis
    Jeffrey G Hovis

    Listing agent Jeffrey G Hovis License #234605

    Listing office Intracoastal Realty Corp 1900 Eastwood Road, Suite 38, Wilmington, NC

    Listing date Aug 21, 2024

    MLS# 100462086

    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

    Development Opportunity on Hwy 17

    This property offers a prime development opportunity, situated on US Hwy 17-Ocean Hwy West in Supply, NC. The site consists of two parcels, totaling 8.78 acres. It is zoned C-LD: Commercial-Low Density, a district intended for use in outlying areas adjacent to major thoroughfares. The zoning includes yards and other provisions to reduce conflicts with adjacent residential uses, as well as substantial setbacks to reduce marginal friction on adjacent major thoroughfares. Commercial uses within this district are designed to serve the needs of residential neighborhoods for auto-dependent commercial facilities and to cater to highway-oriented tourist businesses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Supply
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.273101
    Latitude
    34.017275

    Nearby Similar for Sale

    • $239,000

      Prime Land Near Holden Beach

      3.9 acres in high-growth area near beaches and amenities.
      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
    • $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
    • $59,000

      Waterfront Land Near Holden Beach

      Homesite in SeaScape at Holden Plantation, near beach and amenities.
      662 Loreauville Drive SW, Supply, NC 28462
      View Details
    • $89,995

      Acre Plus Land Near Beach

      Two adjoining lots with potential in growing Brunswick County.
      822 Cedar Grove Road SW lot: 26 & 27R, 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
    • $149,000

      Holden Beach Homesite Opportunity

      Coastal homesite near Holden Beach with mature live oaks.
      2118 Martin Lane SW, Supply, NC 28462
      View Details
    • $100,000

      Residential Land Near Community Amenities

      Large lot near clubhouse, pools, gym, and Intracoastal Waterway.
      721 Lagare Lane SW, Supply, NC 28462
      View Details
    • $47,500

      Golf Course Homesite Opportunity

      Homesite with golf course views in established waterfront community.
      3056 Purple Finch Lane SW, Supply, NC 28462
      View Details
    • $69,900

      Marshfront Homesite in Gated Community

      Marshfront homesite in Oyster Harbour with community amenities.
      1762 Oyster Harbour Parkway SW, Supply, NC 28462
      View Details
    • $749,000

      Coastal Homesite with Marsh Frontage

      0.72-acre coastal homesite with 247.19 feet of marsh frontage.
      3810 Windy Point Road SW, Supply, NC 28462
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.78 acres of commercial land on US Hwy 17.
    Where is this commercial land located?
    The property is located at Us Hwy 17-Ocean Hwy W Supply, NC.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime development opportunity on US Hwy 17‑Ocean Hwy West.; Totaling 8.78 acres.; Zoned C‑LD: Commercial‑Low Density.
    (910) 512-2205
    We can help!
    Listing Contact
    Jeffrey G Hovis
    Jeffrey G Hovis
    Real Estate License ID: 234605
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!