Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Carolina Beach Corner Lot Title is generated by Realmo AI

    245 Lake Park Blvd N, Carolina Beach, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Excellent location in the heart of Carolina Beach.

    Type:RETAIL
    Property size:
    5,872 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $272/SF
    Added:
    Nov 24, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 245 Lake Park Blvd N

    General Information

    Standard status
    Active
    Size
    5,872 SF
    Lot size
    0.14 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Barbara Golightly
    Barbara Golightly

    Listing agent Barbara Golightly License #184557

    Listing office Island Blue Properties

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Island Blue Properties

    HighLights

    • Prime corner lot location in the heart of Carolina Beach.
    • High‑exposure location suitable for multiple business endeavors.
    • Currently operating as a rental property and smoothie shop.
    • Owner financing is possible.
    • Best location for great exposure.
    • Can be used for multiple business endeavors.

    Overview

    Located in Carolina Beach, this property offers potential for multiple business endeavors. Currently, the property is used as a rental and smoothie shop. Situated on a corner lot in the heart of the city, the location provides significant exposure. The property size is 5872 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A+ Smoothie Bubble Tea Cafe & Coffee Shop A+ Nails - Carolina Beach Nail Salon

    Suggested Use

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

    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
    -77.894
    Latitude
    34.0358

    Nearby Similar for Sale

    • $942,500
      3,110 SF

      Carolina Beach Multifamily Investment Opportunity

      Income-producing property near the beach with strong rental potential.
      1715 Carolina Beach Avenue N, Carolina Beach, NC 28428
      View Details
    • $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
    • $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
    • $1,395,000
      2,068 SF

      Carolina Beach Multifamily Oceanfront Property

      Two furnished units with private beach access and ocean views.
      1112 Carolina Beach Avenue N, 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
    • $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
    • $385,000
      828 SF

      Carolina Beach Condo Near Access

      Two-bedroom condo near beach accesses, pool, and local attractions.
      1404 Canal Drive 14, Carolina Beach, NC 28428
      View Details
    • $1,995,000

      Renovated Landmark in Carolina Beach

      Fully renovated 1935 landmark with flexible commercial space and modern upgrades.
      112 Cape Fear, Carolina Beach, NC 28428
      View Details
    • $750,000
      1,342 SF

      Boardwalk Property in Carolina Beach

      Vacant boardwalk property with redevelopment potential in Carolina Beach.
      12 N Pavilion Ave. , Carolina Beach, NC
      View Details

    FAQs

    What type of property is this?
    Retail space - Excellent location in the heart of Carolina Beach.
    Where is this retail space located?
    The property is located at 245 Lake Park Blvd N Carolina Beach, NC.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Prime corner lot location in the heart of Carolina Beach.; High‑exposure location suitable for multiple business endeavors.; Currently operating as a rental property and smoothie shop.
    (910) 228-7803 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Barbara Golightly
    Barbara Golightly
    Real Estate License ID: 184557
    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

    Thank You for Inquiry
    245 Lake Park Blvd N, Carolina Beach, NC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!