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    Apartment Community in Midway Park Title is generated by Realmo AI

    1000 Yorktown Lane, Midway Park, NC 28544

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    Apartment community with potential for future development and revenue enhancement.

    Added:
    Jan 27, 2026
    Days on Market:
    115
    Last Refresh:
    Dec 30 at 9:22 pm

    Property Features for 1000 Yorktown Lane

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Joyce Jennings

    Listing agent Joyce Jennings License #00249245

    Listing office Crown Realty

    Listing date Jan 27, 2026

    Source Nmrk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Crown Realty

    HighLights

    • Largest floor plans in the market with the only four‑bedroom option, creating a unique pricing advantage.
    • Walkable to everyday retail, including grocer, Starbucks, and restaurants.
    • Proximate to major employment drivers: Onslow Memorial Hospital, Coastal Carolina Community College, Amazon, and Marine Corps Base Camp Lejeune.
    • Attractive basis relative to comparable properties and replacement costs.
    • Opportunity to implement market‑standard operational systems (water submetering, pest/trash reimbursement) for increased value.
    • Future development potential on adjoined and adjacent parcels for operational scale and enhanced revenue.

    Overview

    Located in Jacksonville, the commercial hub of Onslow County, this apartment community is situated in the fastest-growing county east of I-95 in North Carolina. The property is within walking distance of everyday retail amenities, including a grocer, Starbucks, and various restaurants. Its location provides proximity to regional employment demand drivers such as Onslow Memorial Hospital, Coastal Carolina Community College, Amazon, and Marine Corps Base Camp Lejeune. The community features the largest floor plans in the market and is the only one with a four-bedroom option, offering a unique pricing power advantage. There is an opportunity to implement multiple market-standard operational systems to generate meaningful value, including water submetering and pest/trash reimbursement. Light interior renovation presents an opportunity to generate additional revenue. Future development opportunities exist on adjoining and adjacent parcels, potentially creating operational scale and enhanced revenue. Strong property income demographics suggest immediate rental upside. The property offers an attractive basis relative to comparable properties and replacement costs.
    Location Intelligence

    Current Use by Public Records

    Liberty Pointe Luxury ... Apartment Complex

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Midway Park
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.32
    Latitude
    34.7201

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    FAQs

    What type of property is this?
    Apartment building - Apartment community with potential for future development and revenue enhancement.
    Where is this apartment building located?
    The property is located at 1000 Yorktown Lane Midway Park, NC.
    What are key features of this property?
    This property features: Largest floor plans in the market with the only four‑bedroom option, creating a unique pricing advantage.; Walkable to everyday retail, including grocer, Starbucks, and restaurants.; Proximate to major employment drivers: Onslow Memorial Hospital, Coastal Carolina Community College, Amazon, and Marine Corps Base Camp Lejeune.
    (620) 224-8321
    We can help!
    Listing Contact
    Joyce Jennings
    Real Estate License ID: 00249245
    Learn More
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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.

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