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    Property profile & analytics

    113 Oakland Ave Leland, NC 28451

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0071194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 113 Oakland Ave

    Property type
    Residential income homes

    Description

    This exceptional multifamily investment opportunity in Leland, North Carolina, presents a portfolio of six rental units boasting a strong 7% capitalization rate. Currently operating at 100% occupancy with long-term tenants, this property offers immediate cash flow and significant upside potential. The portfolio comprises four buildings situated on two parcels of land, strategically located for convenient access to Leland's amenities and businesses. The property includes two single-family homes—one manufactured and one traditionally constructed—each featuring two bedrooms and one bathroom. Additionally, there are two duplexes, each containing two two-bedroom, two-bathroom units. This diverse mix of unit types provides flexibility and caters to a broad range of renters. The asking price is $1,100,000. The address is 113 Oakland Ave, Leland, NC 28451, in Brunswick County. This turnkey investment is ideal for those seeking a stable, high-yielding addition to their real estate portfolio. The current rents provide a solid foundation, with opportunities to increase profitability through future rent adjustments. This is a rare chance to acquire a well-maintained, fully occupied multifamily property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.0051661
    Latitude
    34.2390935

    Comparable in this City

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      Leland, NC Commercial Land - $1.1M

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    • $359,990

      Brunswick Forest Townhome with Amenities

      Low-maintenance townhome with community amenities in Brunswick Forest.
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      Charming Townhome in Windsor Park

      Well-maintained townhome with en suites and community amenities.
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    • $249,900
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      Leland Acreage: Build Your Dream

      Spacious 4.87-acre parcel in Leland, ready for development.
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    Similar Nearby for Sale

    • $900,000
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      Leland, NC Commercial Development Opportunity

      Prime Leland location, high growth area, C1-T40 zoning.
      112 Perry Ave, Leland, NC 28451
      View Details
    • $1,500,000
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      Mobile Home Park Investment Opportunity

      Income-producing mobile home park with expansion potential in Leland, NC.
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    • $1,100,000
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      Leland, NC Commercial Land - $1.1M

      9.28 acres, prime C2 zoning, high traffic.
      9720 Blackwell Rd, Leland, NC 28451
      View Details
    • $359,990

      Brunswick Forest Townhome with Amenities

      Low-maintenance townhome with community amenities in Brunswick Forest.
      1177 Lillibridge Dr, Leland, NC 28451
      View Details
    • $224,000
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      Charming Townhome in Windsor Park

      Well-maintained townhome with en suites and community amenities.
      1074 Bridgeport Way, Leland, NC 28451
      View Details
    • $249,900
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      Leland Acreage: Build Your Dream

      Spacious 4.87-acre parcel in Leland, ready for development.
      110 Hewett Burton Rd SE, Leland, NC 28451
      View Details

    Similar Nearby for Lease

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      Leland Waterfront Commercial/Residential Property

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      Leland, NC Office Space

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      Medical Office Condo in Leland

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      Class A Warehouse Space in Leland, NC

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      Prime Leland Commercial Land

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    113 Oakland Ave
    Leland, NC 28451
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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
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