High-Visibility Commercial Building Near
For Sale
$375,000
1786 Pine Valley SW, Supply, NC 28462
Versatile commercial building near Holden Beach with strong fundamentals.
Property Size1,540 SF
Lot Size0.56 Acres
Price / SF$243.51
Days on Market116
Property Features for 1786 Pine Valley SW
General Information
Standard status
Active
Size
1,540 SF
Lot size
0.56 Acres
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
PROACTIVE REAL ESTATE
Listed By:
RICK A WINNER
Source:
Corcoran
Added: Apr 6
Changed: Jul 10
Last Checked: Jul 30 at 6:01AM
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 PROACTIVE REAL ESTATE
Investment Insights
Based on property information with market context.
Located along a high-visibility corridor serving year-round residents and the Holden Beach tourism market, the property at 1786 Pine Valley Rd SW offers a commercial investment opportunity. This 1,540 SF office building is situated on 0.561 acres with 72 feet of road frontage on Holden Beach Rd. Zoned Commercial Low Density (CLD), the property allows for a range of professional and service-based uses. The building is fully ADA compliant and features a functional layout, including multiple private offices or exam rooms, a spacious consultation office, reception with secure records storage, a waiting area with child play space, a kitchenette, and dedicated staff and client restrooms. Recent capital improvements include a new roof in 2023 and a new HVAC system in 2024. The site provides a private paved parking lot with 14 spaces, including covered and handicap-accessible parking. Ideally located between Wilmington and Myrtle Beach, and minutes from the beach, this property benefits from strong daily traffic counts. With over 20 years of proven success as a chiropractic office, it is suited for continued medical use or repositioning for professional, legal, financial, wellness, real estate, or other commercial applications.
Key Highlights
- High‑visibility location on Holden Beach Rd with 72 feet of road frontage.
- Zoned Commercial Low Density (CLD) allowing for a wide range of professional and service‑based uses.
- Recent capital improvements: new roof (2023) and HVAC system (2024).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $20.88 |
| − Vacancy | −$6.1k | −$3.95 |
| EGI | $26.1k | $16.93 |
| − OpEx | −$6.5k | −$4.23 |
| NOI | $19.6k | $12.70 |
1,540 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.4K
$244.5K – $326.0K
NOI $19,558 @ 7.0% cap · market cap 5.22%
Second Best
Healthcare Medical
$186.1K
$162.9K – $217.2K
NOI $13,029 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$18.86M
$16.50M – $22.00M
NOI $1,319,948 @ 7.0% cap · market cap 351.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28462, NC
12,674
Population
11,620
Households
1.1
Avg Household Size
54
Median Age
25%
College-Educated
89%
High-School Grad
72.4 sq mi
ZIP Area
175
Density / Sq Mi
$58,545
Median Household Income
$36,037
Median Earnings
$859
Median Rent
$229,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile commercial building near Holden Beach with strong fundamentals.
Where is this medical office space located?
The property is located at 1786 Pine Valley SW Supply, NC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High‑visibility location on Holden Beach Rd with 72 feet of road frontage.; Zoned Commercial Low Density (CLD) allowing for a wide range of professional and service‑based uses.; Recent capital improvements: new roof (2023) and HVAC system (2024).
