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
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Hamlet Ave Carolina Beach, NC 28428

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Land parcel in the heart of Carolina Beach.

    Lot size:
    0.39 Acres

    Property Features for 109 Hamlet Ave

    General Information

    Lot size
    0.39 Acres

    We can help!

    Listing Contact
    Barbara W Golightly
    Barbara W Golightly
    Source: Moodyscre

    Listing Agent: Barbara W Golightly

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

    Learn more

    Property Insight Report

    Overview

    Prime Carolina Beach Land Parcel

    This property is a land parcel situated in the heart of Carolina Beach, suitable for commercial or residential development. It is located two blocks from the ocean and offers ocean views. The property benefits from its location on a main road, near the Marriott, providing proximity to restaurants, shopping, and entertainment options in Carolina Beach. The property features 87.5 feet of main road frontage in a highly traveled area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Carolina Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8944796
    Latitude
    34.031714

    Nearby Similar for Sale

    • New
      $1,690,000
      3,690 SF

      Carolina Beach Townhome Community

      New townhome community with elevators and resort-style amenities.
      209 Spartanburg Ave, Carolina Beach, NC 28428
      View Details
    • New
      $795,000
      1,676 SF

      Turnkey Duplex Near Carolina Beach

      Duplex near Carolina Beach, ideal for living or investment.
      108 Greenville Ave, Carolina Beach, NC 28428
      View Details
    • New
      $1,375,000
      2,042 SF

      Turn-Key Ocean-Access Quadplex

      Remodeled, furnished 4-unit property near Texas Ave beach access.
      1603 Lake Park Blvd S, Carolina Beach, NC 28428
      View Details
    • New
      $1,450,000
      2,467 SF

      Oceanfront Luxury Beach House Investment

      Oceanfront Carolina Beach house with pool, rental potential, and upgrades.
      808 Carolina Beach Ave N, Carolina Beach, NC 28428
      View Details
    • New
      $775,000
      1,900 SF

      Beachside Duplex - Income Potential

      Updated duplex near the beach with rental income potential.
      710 Canal Dr, Carolina Beach, NC 28428
      View Details
    • New
      $815,000
      3,072 SF

      Carolina Beach Triplex Investment Opportunity

      Updated, furnished triplex near Carolina Beach boardwalk, ideal for investors.
      409 Monroe Ave, Carolina Beach, NC 28428
      View Details
    • $1,000,000
      0.21 Acres

      Carolina Beach Land Opportunity

      Unique corner lot near the ocean with investment potential.
      1203 Fort Fisher Blvd N, Carolina Beach, NC 28428
      View Details
    • $699,000

      Oceanfront Condo with Designer Finishes

      Completely renovated oceanfront condo with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $699,000

      Oceanfront Condo with Designer Finishes

      Completely renovated oceanfront condo with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $775,000

      Oceanfront Condo with Designer Finishes

      Completely renovated condo with ocean views, pool, and upscale amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $1,050,000

      Carolina Beach Oceanfront Condominium

      Completely renovated oceanfront condominium with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $775,000

      Oceanfront Condo with Designer Finishes

      Completely renovated oceanfront condo with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel in the heart of Carolina Beach.
    Where is this land located?
    The property is located at 109 Hamlet Ave Carolina Beach, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Carolina Beach suitable for commercial or residential development.; - Two blocks from the ocean with ocean views.; - Located on a main road with high traffic, ideal for visibility.
    (910) 228-7803
    Request Owner's contact information
    109 Hamlet Ave Carolina Beach, NC 28428
    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.
    109 Hamlet Ave
    Carolina Beach, NC 28428
    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
    109 Hamlet Ave Carolina Beach, NC 28428
    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
    Barbara W Golightly
    Barbara W Golightly
    Real Estate License ID: 184557
    (910) 228-7803
    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.