Commercial Land Near Coastal
For Sale
$350,000
2260 Shell Point Road SW, Shallotte, NC 28470
One-acre commercial property with high visibility and growth potential.
Property Size1,288 SF
Lot Size1.00 Acre
Price / SF$271.74
Days on Market144
Property Features for 2260 Shell Point Road SW
General Information
Standard status
Active
Size
1,288 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
CO-NC
Building Details
Building Size
1,288 SF
Year Built
1958
Listing Agency:
PROACTIVE Real Estate
(910) 279-1979
Listed By:
Rick A Winner · License #188223
(910) 279-1979
Source:
Frankerealproperties
Added: Apr 2
Changed: Aug 23
Last Checked: Aug 23 at 6:59AM
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.
This one-acre, level commercial property is located in a rapidly growing coastal corridor. The property shares a border with Dollar General, providing exposure and steady traffic. An existing home is located on site, which can be repurposed for office or retail space, or removed for new development. The property is located 2 miles from Shallotte and minutes from Holden Beach, benefiting from local and tourist traffic. Positioned between Wilmington and Myrtle Beach, the location offers accessibility and growth potential. This property is suitable for launching a new business, expanding an existing business, or investing in a high-demand area.
Key Highlights
- Prime 1‑acre commercial lot in a rapidly growing coastal corridor.
- Shares a border with Dollar General, ensuring built‑in exposure and traffic.
- Located just 2 miles from Shallotte and minutes from Holden Beach, benefiting from local and tourist traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,160
$327.2K
Cap Rate 7%
$233,686
$233.7K
Cap Rate 9%
$181,756
$181.8K
Market Conditions
NOI Build-Up for 1,288 SF
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.
Gross rent
$26.9K $20.88/SF
− Vacancy
−$5.1K −$3.95/SF
EGI
$21.8K $16.93/SF
− OpEx
−$5.5K −$4.23/SF
NOI
$16.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,160
Cap Rate 7%
$233,686
Cap Rate 9%
$181,756
Alternative Uses
Best Use
Office B
$233.7K
$204.5K – $272.6K
NOI $16,358 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$181.6K
$158.9K – $211.9K
NOI $12,713 @ 7.0% cap · market cap 3.63%
Theoretical Best
Multifamily LT 5
$15.77M
$13.80M – $18.40M
NOI $1,103,956 @ 7.0% cap · market cap 315.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 28470, NC
11,141
Population
6,123
Households
1.8
Avg Household Size
48
Median Age
22%
College-Educated
90%
High-School Grad
44.7 sq mi
ZIP Area
249
Density / Sq Mi
$68,043
Median Household Income
$37,563
Median Earnings
$1,060
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - One-acre commercial property with high visibility and growth potential.
Where is this commercial land located?
The property is located at 2260 Shell Point Road SW Shallotte, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime 1‑acre commercial lot in a rapidly growing coastal corridor.; Shares a border with Dollar General, ensuring built‑in exposure and traffic.; Located just 2 miles from Shallotte and minutes from Holden Beach, benefiting from local and tourist traffic.
