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    6587 Beach Dr Ocean Isle Beach, NC

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    For Lease
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    Two contiguous commercial parcels near Ocean Isle Beach.

    Lot size:
    0.46 Acres

    Property Features for 6587 Beach Dr

    General Information

    Lot size
    0.46 Acres

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    Listing Contact
    Michael Abushakra
    Michael Abushakra
    Source: Moodyscre

    Listing Agency: Sloane Commercial Real Estate Listing Agent: Michael Abushakra

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

    Learn more

    Overview

    Prime Commercial Land Near Beach

    Two contiguous commercial parcels, totaling approximately 1.61 acres, are available less than one mile from the Ocean Isle Beach Causeway. The property is located within the Ocean Isle Beach ETJ and zoned OI-C-3, offering flexible development potential for a range of commercial and residential uses. Situated along Beach Drive, the primary thoroughfare connecting Ocean Isle Beach and Sunset Beach, the site benefits from high visibility and strong traffic exposure. The Annual Average Daily Traffic (AADT) count was 11,500 in 2023, with an increase that continues year over year. Brunswick County is recognized as the fastest-growing county in North Carolina and the second fastest-growing county nationwide, according to the U.S. Census Bureau’s May 15, 2025, release. Ocean Isle Beach was named the Best Beach in North Carolina in a 2024 USA TODAY poll, further enhancing the appeal of this location. This property presents an opportunity to invest in a rapidly expanding coastal market.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Nail Salon Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Isle Beach
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.426672
    Latitude
    33.8943393

    Nearby Similar for Lease

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      $2,000 /Mo
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      Ocean Isle Beach Commercial Space

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      Private Office Space For Lease

      Private office space for lease in prime location.
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    • $15 SF/Yr
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      Sunset Commons Retail Space

      Retail space for sublease in Sunset Commons Shopping Center.
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      Office and Warehouse on Hwy 17

      19,200 SF office and warehouse space on Hwy 17.
      6260 Ocean Hwy W, Ocean Isle Beach, NC
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      Corner Lot Showroom/Office with Warehouse

      Showroom/office with conditioned warehouse on Beach Drive.
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      Retail Space at Beach Drive

      Retail space with access to major thoroughfares.
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    FAQs

    What type of property is this?
    Commercial land - Two contiguous commercial parcels near Ocean Isle Beach.
    Where is this commercial land located?
    The property is located at 6587 Beach Dr Ocean Isle Beach, NC.
    What are key features of this property?
    This property features: - Prime location less than one mile from Ocean Isle Beach Causeway.; - High visibility and strong traffic exposure on Beach Drive (AADT 11,500 in 2023).; - Zoned OI-C-3, offering flexible development potential.
    (910) 880-5155 Call to check price and availability
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    6587 Beach Dr Ocean Isle Beach, NC
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    Ocean Isle Beach, NC
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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
    6587 Beach Dr Ocean Isle Beach, NC
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Abushakra
    Michael Abushakra
    Real Estate License ID: 329522
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