Leased Retail Investment
For Sale
Contact for pricing
1040 Beach Dr SW, Calabash, NC 28467
Retail property is currently leased through October 31, 2030 with renewal options thereafter.
Property Size9,014 SF
Price / SF$181.16
Days on Market694
Property Features for 1040 Beach Dr SW
General Information
Standard status
Active
Size
9,014 SF
Property subtype
RETAIL
Listing Agency:
Realcorp, LLC
(304) 925-7000
Listed By:
Mike Thompson · License #WV0009727
(304) 541-7000
Source:
Moodyscre
Added: Oct 21, 2024
Changed: Sep 9
Last Checked: Sep 13 at 11:23AM
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 Realcorp, LLC
Investment Insights
Based on property information with market context.
This leased retail property is being offered for sale with a current tenant in place. The lease expires October 31, 2030, and the tenant has five renewal options after the expiration date.
The property is located approximately one mile from the beach, offering proximity to seasonal and coastal activity.
With an established lease in place, the asset provides a retail-oriented income stream through the lease expiration date.
The property is located approximately one mile from the beach, offering proximity to seasonal and coastal activity.
With an established lease in place, the asset provides a retail-oriented income stream through the lease expiration date.
Key Highlights
- Current lease expires October 31, 2030, with tenant renewal options thereafter
- Tenant is currently in place for this leased retail property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,779,460
$1.8M
Cap Rate 7%
$1,271,043
$1.3M
Cap Rate 9%
$988,589
$988.6K
Market Conditions
NOI Build-Up for 9,014 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.7K $15.72/SF
− Vacancy
−$14.6K −$1.62/SF
EGI
$127.1K $14.10/SF
− OpEx
−$38.1K −$4.23/SF
NOI
$89.0K $9.87/SF
Area
Brunswick County, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,779,460
Cap Rate 7%
$1,271,043
Cap Rate 9%
$988,589
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,973 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$110.37M
$96.57M – $128.77M
NOI $7,725,980 @ 7.0% cap · market cap 473.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 28467, NC
11,770
Population
8,098
Households
1.5
Avg Household Size
65
Median Age
31%
College-Educated
97%
High-School Grad
17.4 sq mi
ZIP Area
676
Density / Sq Mi
$72,840
Median Household Income
$38,909
Median Earnings
$1,346
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property is currently leased through October 31, 2030 with renewal options thereafter.
Where is this retail space located?
The property is located at 1040 Beach Dr SW Calabash, NC.
What is the asking price?
The asking price for this property is $1,633,000.
What are key features of this property?
This property features: Current lease expires October 31, 2030, with tenant renewal options thereafter; Tenant is currently in place for this leased retail property
