Mixed-Use Property with Four
For Sale
$1,299,000
1330 N Howe St, Southport, NC 28461
Income-producing commercial and residential improvements occupy separate parcels outside city limits.
Property Size3,300 SF
Price / SF$393.64
Days on Market52
Property Features for 1330 N Howe St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
outdoor shower
storage buildings
raised garden beds
Building Details
Year Built
1955
Buildings
5
Tenancy
Single
Listing Agency:
eXp Realty
Listed By:
Hamilton Realty Group
(888) 584-9431
Source:
Ginesandburnsed.searchhomesinsavannah
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 23 at 7:13AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This mixed-use holding combines a commercial office building with four apartments, creating both business and residential components within one offering. The office property is currently used as a massage therapy clinic and includes an outdoor treatment-rinse shower. Its roof was replaced approximately two years ago. Each apartment has received interior updates within the past three years, including new flooring, and includes a separate 10x12 storage building with raised garden beds.
The properties are situated on individual parcels, allowing them to be sold or developed separately. The address is within Brunswick County zoning and outside city limits, with no city taxes or city rental regulations identified in the property information. Potential commercial uses noted include office and retail. The Southport setting places the property near shops, galleries, restaurants, waterfront dining, and the downtown waterfront.
The properties are situated on individual parcels, allowing them to be sold or developed separately. The address is within Brunswick County zoning and outside city limits, with no city taxes or city rental regulations identified in the property information. Potential commercial uses noted include office and retail. The Southport setting places the property near shops, galleries, restaurants, waterfront dining, and the downtown waterfront.
Key Highlights
- Commercial office building plus four apartments, all currently tenant occupied
- Each building is situated on its own parcel for separate sale or development flexibility
- Office building roof replaced approximately two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,911
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,220
$838.2K
Cap Rate 7%
$598,729
$598.7K
Cap Rate 9%
$465,678
$465.7K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$68.9K $20.88/SF
− Vacancy
−$13.0K −$3.95/SF
EGI
$55.9K $16.93/SF
− OpEx
−$14.0K −$4.23/SF
NOI
$41.9K $12.70/SF
Area
Brunswick County, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,220
Cap Rate 7%
$598,729
Cap Rate 9%
$465,678
Alternative Uses
Best Use
Mixed Use
$39.79M
$34.82M – $46.43M
NOI $2,785,542 @ 7.0% cap · market cap 214.44%
Second Best
Apartment 5plus
$35.02M
$30.64M – $40.85M
NOI $2,451,277 @ 7.0% cap · market cap 188.70%
Theoretical Best
Multifamily LT 5
$40.41M
$35.36M – $47.14M
NOI $2,828,460 @ 7.0% cap · market cap 217.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
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Business Placement
Demographics for 28461, NC
22,141
Population
14,435
Households
1.5
Avg Household Size
62
Median Age
39%
College-Educated
95%
High-School Grad
75.9 sq mi
ZIP Area
292
Density / Sq Mi
$79,681
Median Household Income
$41,587
Median Earnings
$1,356
Median Rent
$388,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing commercial and residential improvements occupy separate parcels outside city limits.
Where is this mixed-use property located?
The property is located at 1330 N Howe St Southport, NC.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Commercial office building plus four apartments, all currently tenant occupied; Each building is situated on its own parcel for separate sale or development flexibility; Office building roof replaced approximately two years ago
