Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1501 N Howe St Southport, NC 28461

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    Prominent retail location with high potential in Southport, North Carolina.

    Property size:
    6,752 SF
    Lot size:
    1.37 Acres

    Property Features for 1501 N Howe St

    General Information

    Standard status
    Pending
    Size
    6,752 SF
    Lot size
    1.37 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Trisha B Howarth
    Source: Exitrealty

    Listing Agency: Intracoastal Realty Listing Agent: Trisha B Howarth

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

    Learn more

    Property Insight Report

    Overview

    Retail Property in Prime Location

    This retail property is located at one of the entry points into Smithville Crossing, which includes retail, medical, and restaurants. The property is considered one of the anchor properties and is situated near the Wingate Hotel. Located at the entrance to the City of Southport, North Carolina, the property benefits from a prominent location. The surrounding area offers shopping centers, dining options, and medical facilities. With access to major thoroughfares, this property is suitable for a variety of business types. The property, formerly a Kerr Drug location, has 6,752 square feet of space. The building may be useable based on specific business objectives.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.026535
    Latitude
    33.937453

    Nearby Similar for Sale

    • $750,000
      1,584 SF

      Southport Commercial Property For Sale

      Premier commercial property in historic downtown Southport, North Carolina.
      414 N Howe St, Southport, NC 28461
      View Details
    • New
      $1,775,000
      5,262 SF

      Southport Multifamily Investment Opportunity

      Unique 4-unit property with short-term rental advantage in Southport.
      510 St George St W, Southport, NC 28461
      View Details
    • New
      $1,500,000
      4,692 SF

      Southport Multifamily Investment Opportunity

      Four-unit property with short-term rental grandfathering and strong income.
      514 St George St W, Southport, NC 28461
      View Details
    • $1,675,000
      1.79 Acres

      Southport Mobile Home Park

      Mobile home park near historic downtown waterfront in Southport, NC.
      1209 N Howe St, Southport, NC 28461
      View Details
    • $120,000
      100 SF

      Campground Site with 99-Year Lease

      Rare campground site with 99-year lease, beach access.
      4125 Long Beach Rd SE, Southport, NC 28461
      View Details
    • $100,000
      10 SF

      Campground Site with Rental Potential

      Leasehold campground site near beach with modern amenities and rental options.
      4125 Long Beach Rd SE, Southport, NC 28461
      View Details
    • $1,280,000
      7,224 SF

      Southport Retail Investment Opportunity

      Fully occupied retail property with owner financing available.
      5101 Southeast Southport Supply Rd, Southport, NC 28461
      View Details
    • $1,599,999
      2,448 SF

      Historic Southport Property For Sale

      Historic property in downtown Southport with business district zoning.
      211 N Howe St, Southport, NC 28461
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Commercial Building on Long Beach

      Free-standing building on high-traffic road near Southport and Oak Island.
      4593 Long Beach Rd SE, Southport, NC 28461
      View Details
    • $795,000
      2,124 SF

      Established Restaurant Near Downtown Southport

      Restaurant on large lot near downtown Southport growth area.
      8039 River Rd SE, Southport, NC 28461
      View Details
    • $930,000

      Southport Mixed-Use Investment Opportunity

      Leased mixed-use building with residential and commercial tenants in Southport.
      1131 North Atlantic Ave, Southport, NC 28461
      View Details
    • Contact for pricing
      7,140 SF

      Retail Property in High-Growth Community

      Triple-Net lease investment with value-add potential in Southport, NC.
      5177 Southport Supply Rd SE, Southport, NC 28461
      View Details

    FAQs

    What type of property is this?
    Retail property - Prominent retail location with high potential in Southport, North Carolina.
    Where is this retail property located?
    The property is located at 1501 N Howe St Southport, NC.
    What are key features of this property?
    This property features: - Prominent location at the entrance to the City of Southport, North Carolina.; - Anchor property in Smithville Crossing, which includes retail, medical, and restaurants.; - Located at one of the entry points into Smithville Crossing.
    (910) 457-7400
    Request Owner's contact information
    1501 N Howe St Southport, NC 28461
    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.
    1501 N Howe St
    Southport, NC 28461
    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
    1501 N Howe St Southport, NC 28461
    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
    Trisha B Howarth
    Real Estate License ID: 130760
    (910) 457-7400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!