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

    1404 Canal Drive 14 Carolina Beach, NC 28428

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $385,000

    Two-bedroom condo near beach accesses, pool, and local attractions.

    Type:Condo/Townhome
    Property size:
    828 SF
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 30 at 1:56 am

    Property Features for 1404 Canal Drive 14

    General Information

    Standard status
    Active
    Size
    828 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Andrew Luczak

    Listing agent Andrew Luczak License #331802

    Listing office Century 21 Vanguard

    Listing date Mar 24, 2026

    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 Century 21 Vanguard

    Overview

    Carolina Beach Condo Near Access

    This two-bedroom, two-bath condo is located in Carolina Beach, offering convenient access to the beach. The property is situated just steps from two beach access points. A dedicated parking spot is included. Residents have access to an inground pool. The condo is located approximately two minutes from North End Pier and Freeman Park. The property has a size of 828 square feet and is suitable as a vacation home or rental investment.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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
    -77.8848348
    Latitude
    34.0522189

    Nearby Similar for Sale

    • $3,250,000
      25,720 SF

      Pleasure Island Mini Storage Facility

      Well-established self-storage facility with income potential in Carolina Beach.
      517 Lewis Drive, 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 Avenue 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 Avenue N, Carolina Beach, NC 28428
      View Details
    • $1,800,000
      2,676 SF

      Oceanfront Duplex: Seaside Serenity

      Updated, turnkey oceanfront duplex in desirable location. Strong rental performer.
      905 Carolina Beach Avenue S, Carolina Beach, NC 28428
      View Details
    • $755,000
      1,900 SF

      Beachside Duplex - Income Potential

      Updated duplex near the beach with rental income potential.
      710 Canal Drive, 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 Avenue, 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 Boulevard S, Carolina Beach, NC 28428
      View Details
    • $810,000
      3,072 SF

      Carolina Beach Triplex Investment

      Turnkey triplex near Carolina Beach boardwalk, fully furnished.
      409 Monroe Avenue, 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
      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 N Avenue, Carolina Beach, NC 28428
      View Details
    • $3,250,000
      25,720 SF

      Coastal Self-Storage Investment Opportunity

      237-unit self-storage facility in Carolina Beach, North Carolina.
      517 Lewis Dr, Carolina Beach, NC 28428
      View Details
    • $805,000
      1,860 SF

      Carolina Beach Townhome Near Beach

      New townhome community with resort-style amenities, short walk to beach.
      908 Second S Street Unit 2, Carolina Beach, NC 28428
      View Details

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom condo near beach accesses, pool, and local attractions.
    Where is this residential income property located?
    The property is located at 1404 Canal Drive 14 Carolina Beach, NC.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Steps from two beach accesses; 2 bedroom, 2 bath condo; Enjoy the inground pool
    (910) 769-1465
    We can help!
    Listing Contact
    Andrew Luczak
    Real Estate License ID: 331802
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!