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

    160 West Hickman Rd, Unit Boat Storage Calabash, NC 28467

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercially zoned storage facility with rental home and development potential.

    Property size:
    1,231 SF
    Lot size:
    2.25 Acres

    Property Features for 160 West Hickman Rd

    General Information

    Standard status
    Active
    Size
    1,231 SF
    Lot size
    2.25 Acres

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Kenny Sherman
    Source: Crexi

    Listing Agency: Coldwell Banker Sea Coast Advantage Listing Agent: Kenny Sherman

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

    Learn more

    Overview

    Hickman Road Storage Opportunity

    This commercially zoned property, situated on 2.25 acres, is currently operating as Hickman Rd Boat Storage. It includes a rental home that provides cash flow. An additional 1.5 acres at the rear of the property offer potential for further development. The property benefits from a location on Hickman Road, characterized by high traffic volume and visibility, and is positioned just off Highway 17 near Brunswick Plantation. Its location provides convenient access to Sunset Beach and Cherry Grove Beach, as well as local seafood vendors, watersports, live entertainment venues, and coastal amenities. The property contains 1,231 square feet.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Gym & Fitness Center Auto Parts Store Discount Store Furniture & Home Goods Car Rental Facility Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Calabash
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.5723313
    Latitude
    33.9364398

    Nearby Similar for Sale

    • $179,900
      Pending

      Updated Condo in Carolina Shores

      Updated 2-bedroom condo in Calabash, NC, move-in ready.
      10174 Beach Dr SW, Calabash, NC 28467
      View Details
    • Contact for pricing
      1,399 SF

      Top-Floor Condo with Golf Views

      Spacious 3-bedroom condo in Crow Creek community with golf views.
      260 S Crow Creek Dr, Calabash, NC 28467
      View Details
    • $600,000
      2,500 SF

      Calabash Commercial Building Opportunity

      Prime Ocean Highway location, 2,500 sq ft.
      9225 Ocean Hwy, Calabash, NC 28467
      View Details
    • Contact for pricing
      Pending

      New Townhome with Modern Design

      Modern townhome near amenities, featuring a versatile loft and garage.
      778 Palm Frond Way, Calabash, NC 28467
      View Details
    • $549,000
      7.00 Acres

      7 Acres Hwy 17, Calabash, NC

      Prime 7-acre commercial tract. High-traffic location.
      7 Acres Us Hwy, Calabash, NC 28469
      View Details
    • $199,000
      0.41 Acres

      Calabash Commercial Land Opportunity

      0.41-acre lot, prime commercial location.
      Tbd Carter Dr, Calabash, NC 28467
      View Details
    • $3,200,000
      17.70 Acres

      Prime Calabash Commercial Land

      17.7 Acres Hwy 17 Frontage
      17 Acres Hwy, Calabash, NC 28467
      View Details
    • Contact for pricing
      9,014 SF

      Retail Property Near Beach

      Retail property with long-term lease near the beach.
      1040 Beach Dr SW, Calabash, NC 28467
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Commercially zoned storage facility with rental home and development potential.
    Where is this self storage facility located?
    The property is located at 160 West Hickman Rd, Unit Boat Storage Calabash, NC.
    What are key features of this property?
    This property features: - Commercially zoned 2.25 acres ideal for boat storage; - Owner financing considered; - Rental home provides immediate cash flow
    Request Owner's contact information
    160 West Hickman Rd, Unit Boat Storage Calabash, NC 28467
    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.
    160 West Hickman Rd, Unit Boat Storage
    Calabash, NC 28467
    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
    160 West Hickman Rd, Unit Boat Storage Calabash, NC 28467
    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
    Kenny Sherman
    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!