Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Surf City Oceanfront Lot Title is generated by Realmo AI

    1208 N Shore Drive, Surf City, NC 28445

    View on Map
    Claim this Listing
    For Sale
    $80,000

    Oceanfront lot in Surf City with some vegetation.

    Type:Lots/Land
    Lot size:
    0.10 Acres
    Added:
    Jan 3, 2024
    Days on Market:
    880
    Last Refresh:
    May 19 at 11:41 pm

    Property Features for 1208 N Shore Drive

    General Information

    Standard status
    Active
    Lot size
    0.10 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Fletcher Bizz Baker

    Listing agent Fletcher Bizz Baker License #233793

    Listing office Better Homes and Gardens Real Estate Treasure

    Listing date Jan 3, 2024

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Real Estate Treasure

    HighLights

    • Oceanfront lot in Surf City
    • Some vegetation on the lot
    • Potential for development activities within the setback (exceptions to the setback)
    • Minimum ocean hazard setback in Surf City is 60' from the First Line of Stable Natural Vegetation
    • CAMA permit required for building or structures
    • Location on N. Shore Drive

    Overview

    This oceanfront lot is located in Surf City and features some vegetation. According to information received from CAMA, the minimum ocean hazard setback in Surf City is 60 feet, measured from the First Line of Stable Natural Vegetation (FLSNV). Based on the current location of the FLSNV, the 60-foot setback crosses N. Shore Drive. CAMA has stated that no building or other structure could be permitted on 1208 and 12010 N Shore Drive, except for specific development activities that are exceptions to the setback. These permissible exceptions within the setback may still be subject to other constraints that could prohibit construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Department Store Discount Store Cafe & Coffee Shop Computer & Electronic Repair Bakery Tech Support Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Surf City
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.56082
    Latitude
    34.415554

    Nearby Similar for Sale

    • $799,000
      1,344 SF

      MULTI_FAMILY - Surf City, NC

      9003-9005 E 9th Street, Surf City, NC 28445
      View Details
    • $330,000

      Waterfront Land in Surf City

      Rare opportunity: land from road to Intracoastal Waterway.
      1131 S Topsail Drive, Surf City, NC 28445
      View Details
    • $499,900

      Surf City Mixed-Use Development Site

      Premier mixed-use development site on the main gateway to Topsail Island.
      Tr 1 N Hwy 50, Surf City, NC 28445
      View Details
    • $1,400,000

      Waterfront Land in Surf City, NC

      Rare waterfront property with development potential near Surf City beaches.
      484 Little Kinston Road lot: 30 & 31, Surf City, NC 28445
      View Details
    • $699,000

      Soundfront Lot in Surf City

      Waterfront lot with new dock in Surf City, NC.
      34 N Oak Court lot: 34, Surf City, NC 28445
      View Details
    • $222,000

      Surf City Coastal Homesite

      Build-ready 0.46-acre parcel near Topsail Beach.
      277 Little Kinston Road, Surf City, NC 28445
      View Details
    • $370,000

      Marshfront Homesite in Surf City

      Water view homesite in the heart of Surf City.
      W Wilmington Avenue, Surf City, NC 28445
      View Details
    • $350,000

      Topsail Island Homesite Opportunity

      Elevated homesite near Surf City with beach and boating access.
      65 E Ridge, Surf City, NC 28445
      View Details
    • $549,900

      Coastal Land with Ocean Views

      Second-row lot near beach access, close to amenities.
      325 N Shore Drive, Surf City, NC 28445
      View Details
    • $275,000

      Surf City Land Opportunity

      Land available to build your dream beach home!
      7026 7th Street, Surf City, NC 28445
      View Details
    • $539,000

      Surf City Canal-Front Land

      Canal-front property with deep water access and private dock.
      6015 6th Street, Surf City, NC 28445
      View Details
    • $319,000

      Residential Land in Surf City

      Residential land for sale in Surf City, North Carolina.
      9b W Ridge lot: 9B, Surf City, NC 28445
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Oceanfront lot in Surf City with some vegetation.
    Where is this waterfront land located?
    The property is located at 1208 N Shore Drive Surf City, NC.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Oceanfront lot in Surf City; Some vegetation on the lot; Potential for development activities within the setback (exceptions to the setback)
    (910) 358-4708
    We can help!
    Listing Contact
    Fletcher Bizz Baker
    Real Estate License ID: 233793
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1208 N Shore Drive, Surf City, NC 28445
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!