Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    377 Ocean Hwy W Supply, NC 28462

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    1.98 acres with high visibility and convenient access.

    Lot size:
    1.98 Acres

    Property Features for 377 Ocean Hwy W

    General Information

    Lot size
    1.98 Acres

    We can help!

    Listing Contact
    James Wicker
    Source: Moodyscre

    Listing Agent: James Wicker

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

    Learn more

    Overview

    Highway Frontage Commercial Land

    This property comprises 1.98 acres and is located within a quarter mile of the intersection of Highway 17 and 211. The site benefits from convenient access and significant frontage measuring 317 feet. Strong visibility from the heavily trafficked Highway 17 enhances its appeal for various commercial applications. The property is zoned CO-CLD by Brunswick County and is served by county water and sewer. Potential end uses include medical offices, automotive services, restaurants, hotels or motels, business offices, or retail establishments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Kitchen & Bath HVAC Service Grocery Store Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Supply
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.2637434
    Latitude
    34.0236069

    Nearby Similar for Sale

    • $800,000
      0.72 Acres

      Water View Land in Supply

      Breathtaking panoramic water views of Shallotte River and Intracoastal Waterway.
      3810 Windy Point Rd SW, Supply, NC 28462
      View Details
    • $107,000
      773 SF

      Waterway Community Lots with Potential

      Three lots with single-wide home in need of renovation.
      1912-1920 Triton Dr SW, Supply, NC 28462
      View Details
    • $1,999,000

      Bakery and Residential Home Opportunity

      Successful bakery and residential home near Holden Beach for sale.
      3331 Holden Beach Rd, Supply, NC 28462
      View Details
    • $220,000
      1,420 SF

      Coastal Home Near Holden Beach

      Comfortable home near Holden Beach, ideal for residence or investment.
      1773 Stanbury Rd SW, Supply, NC 28462
      View Details
    • $10,000,000
      72,242 SF

      Healthcare Facility Redevelopment Opportunity

      Proposed behavioral health treatment center redevelopment opportunity in Supply, NC.
      1 Medical Center Dr, Supply, NC 28462
      View Details
    • $475,000
      2,851 SF

      Medical Office Near Future Hospital

      Medical office for sale near future medical facility.
      14 Medical Center Dr SW, Supply, NC 28462
      View Details
    • $3,250,000

      Cedar Landing Marina For Sale

      Intracoastal Waterway frontage with commercial and multi-family zoning.
      1305-1307 Cedar Landing Rd SW, Supply, NC 28462
      View Details
    • $300,000
      1,500 SF

      Medical Office For Sale

      Former medical office space available for lease or purchase.
      12 Medical Center Dr SW, Supply, NC 28462
      View Details
    • $640,000
      45.95 Acres

      Prime 46-Acre Commercial Land

      Supply, NC - Investment Opportunity
      46 Acres Cedar Grv - Supply Rd, Supply, NC 28462
      View Details
    • $53,151
      2,873 SF

      Prime Supply, NC Commercial Space

      Large Commercial Unit, 1.57 Acres
      58 Physicians Dr, Supply, NC 28462
      View Details
    • $750,000
      2.53 Acres

      Holden Beach Waterfront Opportunity

      Prime 2.53-acre waterfront lot.
      2745 Holden Beach Rd, Supply, NC 28462
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.98 acres with high visibility and convenient access.
    Where is this commercial land located?
    The property is located at 377 Ocean Hwy W Supply, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - High visibility with significant 317' frontage on busy Highway 17.; - Convenient access, located within 1/4 mile of the intersection of Highway 17 and 211.; - Zoned CO-CLD by Brunswick County, allowing for a wide range of commercial uses including medical, automotive, restaurant, hotel, office, and retail.
    (919) 770-1665
    Request Owner's contact information
    377 Ocean Hwy W Supply, NC 28462
    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.
    377 Ocean Hwy W
    Supply, NC 28462
    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
    377 Ocean Hwy W Supply, NC 28462
    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

    We can help!
    Listing Contact
    James Wicker
    (919) 770-1665
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.