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

    908 2Nd St S, Unit 2 Carolina Beach, NC 28428

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $805,000

    New townhome community with resort-style amenities, short walk to beach.

    Property size:
    1,860 SF
    Lot size:
    0.03 Acres

    Property Features for 908 2Nd St S

    General Information

    Standard status
    Active
    Size
    1,860 SF
    Lot size
    0.03 Acres

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Michael Urti
    Source: Exitrealty

    Listing Agency: Nest Realty Listing Agent: Michael Urti

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

    Learn more

    Overview

    Carolina Beach Townhome Near Beach

    This townhome community, Social on Second, is located in Carolina Beach, North Carolina, and is a short walk to the beach access. The community provides a resort-style pool, pool house with kitchenette and restrooms, pickle-ball court, grilling area, private road, dog waste stations, and resident golf-cart parking. Each townhome includes a GE stainless appliance package, tiled shower walls, quartz counters, LVP throughout, Moen Gibson bathroom fixtures, impact-rated windows and sliders, James Hardie siding, covered porches, a 30-year architectural shingle, an outdoor shower, and ground-level storage. The property size is 1860 square feet. Short-term rentals are allowed.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

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

    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
    -77.8971085
    Latitude
    34.0268169

    Nearby Similar for Sale

    • $815,000
      3,072 SF

      Carolina Beach Triplex Investment

      Turnkey, fully furnished triplex near Carolina Beach boardwalk.
      409 Monroe Ave, Carolina Beach, NC 28428
      View Details
    • $945,000
      3,110 SF

      Multifamily Investment Near Carolina Beach

      Income-producing multifamily property near the beach with ocean views.
      1715 Carolina Beach Ave N, Carolina Beach, NC 28428
      View Details
    • $829,900
      1,523 SF

      Turnkey Duplex Investment Near Beach

      Renovated duplex near the beach with income potential.
      1119 Carolina Beach Ave N, Carolina Beach, NC 28428
      View Details
    • $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
      $1,800,000
      2,676 SF

      Oceanfront Duplex: Seaside Serenity

      Updated, turnkey oceanfront duplex in desirable location. Strong rental performer.
      905 Carolina Beach Ave S, Carolina Beach, NC 28428
      View Details
    • $3,250,000
      25,720 SF

      Pleasure Island Mini Storage Facility

      Well-established self-storage facility with income potential in Carolina Beach.
      517 Lewis Dr, Carolina Beach, NC 28428
      View Details
    • $1,375,000
      2,042 SF

      Turn-Key Ocean-Access Quadplex

      Remodeled, furnished 4-unit quadplex near Texas Ave beach access.
      1603 Lake Park Blvd S, Carolina Beach, NC 28428
      View Details
    • $795,000
      1,676 SF

      Turnkey Duplex Near Carolina Beach

      Duplex near the beach, ideal for living or investment.
      108 Greenville Ave, Carolina Beach, NC 28428
      View Details
    • $758,000
      1,360 SF

      Oceanfront Condo with Sundeck Access

      Rare 3-bedroom oceanfront condo with private sundeck and boardwalk.
      1202 Carolina Beach Ave N, Carolina Beach, NC 28428
      View Details
    • $1,599,000
      5,872 SF

      Prime Carolina Beach Corner Lot

      Excellent location in the heart of Carolina Beach.
      245 Lake Park Blvd N, Carolina Beach, NC 28428
      View Details
    • $385,000
      828 SF

      Carolina Beach Condo Near Access

      Two-bedroom condo near beach accesses, pool, and local attractions.
      1404 Canal Dr, Carolina Beach, NC 28428
      View Details

    FAQs

    What type of property is this?
    Short term rental property - New townhome community with resort-style amenities, short walk to beach.
    Where is this short term rental property located?
    The property is located at 908 2Nd St S, Unit 2 Carolina Beach, NC.
    What is the asking price?
    The asking price for this property is $805,000.
    What are key features of this property?
    This property features: - Short-term rentals allowed; - Resort-style community pool and amenities including a pool house, pickle-ball court, and grilling area; - Short walk to beach access
    (910) 460-6890
    Request Owner's contact information
    908 2Nd St S, Unit 2 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.
    908 2Nd St S, Unit 2
    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
    908 2Nd St S, Unit 2 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
    Michael Urti
    Real Estate License ID: 294058
    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!