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    Residential Lot in Marlee Acres Title is generated by Realmo AI

    1784 Oak Street SW lot 65, Ocean Isle Beach, NC 28469

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    Picture of Residential land & home lots at 1784 Oak Street SW lot 65, Ocean Isle Beach, NC
    Pending
    $59,900

    LAND - Ocean Isle Beach, NC

    Lot size:
    0.18 Acres
    Added:
    Jun 28, 2025
    Days on Market:
    343
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 1784 Oak Street SW lot 65

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Co-R-6000
    Standard status
    Pending
    APN
    242mj065
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    L-65 S-3 Marlee AC Plat O/357
    Tax Annual Amount
    58

    We can help!

    Listing Contact
    Jayne A Anderson
    Jayne A Anderson

    Listing agent Jayne A Anderson License #202650

    Listing office Coldwell Banker Sloane Realty OIB 16 Causeway Drive, Sunset Beach, NC

    Listing date Jun 28, 2025

    MLS# 100516328 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Desirable location in Marlee Acres, a sought‑after ICW community.
    • Access to ICW via optional membership in Marlee Acres Recreational Club (MARC) with piers, floating docks, and boat ramp.
    • County water available.
    • Conveniently located near restaurants, grocery stores, and shops.
    • Single‑family home community with restrictions against manufactured homes.
    • Adjacent lot also for sale (1792 Oak Street MLS#100516332).

    Overview

    This residential undeveloped lot is available for sale in Marlee Acres, a single-family home community located between Sunset Beach and Ocean Isle Beach. The lot has dimensions of approximately 76 feet on the front and a depth of 105 feet. Property owners have the option to join the Marlee Acres Recreational Club (MARC), which provides access to two piers with floating docks and a boat ramp on the ICW, subject to membership and annual fees. The community's private facilities offer convenient access to the ICW for boating and fishing. Manufactured homes are not permitted. There is no Property Owners Association unless a property owner chooses to join the MARC. Brunswick County Health Department records indicate a Letter for Improvement Permit Denial, dated January 29, 2009, Permit #2009.70168. County water is available. Marlee Acres is located near restaurants, grocery stores, shops, and the towns of Ocean Isle and Sunset Beach. Situated along the ICW, Marlee Acres is one of Ocean Isle Beach's most sought-after neighborhoods. The lot size is 0.18 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Nail Salon Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Isle Beach
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.480707
    Latitude
    33.894931

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    FAQs

    What type of property is this?
    Residential land & home lot - Undeveloped lot in a sought-after ICW community.
    Where is this residential land & home lot located?
    The property is located at 1784 Oak Street SW lot 65 Ocean Isle Beach, NC.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Desirable location in Marlee Acres, a sought‑after ICW community.; Access to ICW via optional membership in Marlee Acres Recreational Club (MARC) with piers, floating docks, and boat ramp.; County water available.
    (910) 279-4001
    We can help!
    Listing Contact
    Jayne A Anderson
    Jayne A Anderson
    Real Estate License ID: 202650
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    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.

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