Oceanfront Retail
For Sale
$1,350,000
312 Carolina Beach Ave N Unit 1, Carolina Beach, NC 28428
Features a spacious oceanfront porch, commercial elevator, and fire sprinkler system in a central business district.
Property Size2,670 SF
Price / SF$505.62
Days on Market87
Property Features for 312 Carolina Beach Ave N Unit 1
General Information
Standard status
Active
Size
2,670 SF
Property subtype
Commercial
Zoning
Central Business District
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2019
Listing Agency:
Nest Realty
(910) 460-6890
Listed By:
Michael Urti · License #294058
Source:
Searchgreateraugustahomes
Added: Jun 2
Changed: Aug 24
Last Checked: Aug 26 at 9:27AM
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 Nest Realty
Investment Insights
Based on property information with market context.
Located at 312 Carolina Beach Avenue N, Unit 1, this oceanfront commercial space sits in the Central Business District of Carolina Beach. The offering is approximately 3,000 square feet and is designed to serve a range of storefront and customer-oriented uses, with a spacious oceanfront porch and a commercial elevator. A commercial fire sprinkler system supports the building’s commercial configuration.
The property is positioned just steps from the Carolina Beach Boardwalk, restaurants, shops, and entertainment, supporting strong visibility and consistent pedestrian activity year-round. Ample public parking is available within approximately 500 feet, providing convenient access for customers and clients.
With its oceanfront presence and downtown frontage character, the space offers a turnkey physical platform for retail, restaurant, office, or other commercial ventures seeking prominent local visibility.
The property is positioned just steps from the Carolina Beach Boardwalk, restaurants, shops, and entertainment, supporting strong visibility and consistent pedestrian activity year-round. Ample public parking is available within approximately 500 feet, providing convenient access for customers and clients.
With its oceanfront presence and downtown frontage character, the space offers a turnkey physical platform for retail, restaurant, office, or other commercial ventures seeking prominent local visibility.
Key Highlights
- Oceanfront commercial space at 312 Carolina Beach Ave N, Unit 1, located in the Central Business District
- Approximately 3,000 SF of oceanfront space with a spacious oceanfront porch
- Year built 2019
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
$38,141
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
2.83%
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%
$762,820
$762.8K
Cap Rate 7%
$544,871
$544.9K
Cap Rate 9%
$423,789
$423.8K
Market Conditions
NOI Build-Up for 2,670 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
$55.4K $20.76/SF
− Vacancy
−$942 −$0.35/SF
EGI
$54.5K $20.41/SF
− OpEx
−$16.3K −$6.12/SF
NOI
$38.1K $14.28/SF
Area
New Hanover County, NC
Vacancy
1.70%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
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%
$762,820
Cap Rate 7%
$544,871
Cap Rate 9%
$423,789
Alternative Uses
Best Use
Retail
$544.9K
$476.8K – $635.7K
NOI $38,141 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.6K
$758.3K – $1.01M
NOI $60,661 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 28%
Hotels & Casinos 27%
McDonald's
Dining
11,033 visits/mo
0.2 miles
Hampton Inn & Suites Carolina Beach Oceanfront
Hotels & Casinos
8,738 visits/mo
0.2 miles
Exxon
Shops & Services
7,956 visits/mo
0.5 miles
El Cazador
Dining
7,849 visits/mo
0.3 miles
Courtyard Carolina Beach Oceanfront
Hotels & Casinos
5,394 visits/mo
0.3 miles
Demographics for 28428, NC
6,848
Population
6,268
Households
1.1
Avg Household Size
51
Median Age
48%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
1,317
Density / Sq Mi
$87,670
Median Household Income
$41,138
Median Earnings
$1,515
Median Rent
$490,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Features a spacious oceanfront porch, commercial elevator, and fire sprinkler system in a central business district.
Where is this retail space located?
The property is located at 312 Carolina Beach Ave N Unit 1 Carolina Beach, NC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Oceanfront commercial space at 312 Carolina Beach Ave N, Unit 1, located in the Central Business District; Approximately 3,000 SF of oceanfront space with a spacious oceanfront porch; Year built 2019
