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    Topsail Island Oceanfront Townhome Title is generated by Realmo AI

    312 N Shore Drive A, Surf City, NC 28445

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    For Sale
    $1,141,000

    Oceanfront 4-bedroom townhome on Topsail Island, move-in/rental ready.

    Type:Condo/Townhome
    Property size:
    1,870 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $610/SF
    Added:
    Mar 23, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 6 at 3:31 am

    Property Features for 312 N Shore Drive A

    General Information

    Standard status
    Active
    Size
    1,870 SF
    Lot size
    0.11 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Amber Afify
    Amber Afify

    Listing agent Amber Afify License #291512

    Listing office ACCESS REALTY GROUP

    Listing date Mar 23, 2026

    Source Exitrealty

    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 ACCESS REALTY GROUP

    HighLights

    • Direct Oceanfront Location on Topsail Island with Breathtaking Atlantic Ocean Views
    • Fully Furnished and Rental Ready with $40k in Spring/Summer 2025 Reservations
    • 4 Bedrooms and 3 Bathrooms
    • Updated Eat‑in Kitchen with Stainless Appliances
    • Oceanfront Primary Suite with En‑Suite Bathroom and Private Deck Access
    • Private Boardwalk to the Beach, Covered Parking, Storage Room, and Outdoor Showers

    Overview

    This oceanfront townhome is located on Topsail Island. The property, named 'Parrotise,' features 4 bedrooms and 3 bathrooms. It is situated directly on the beach, offering views of the Atlantic Ocean. The home is fully furnished and ready for immediate occupancy or rental use, with $40,000 in Spring/Summer 2025 reservations already secured. The upper level includes a vaulted, open living area with access to a covered oceanfront deck. The updated eat-in kitchen is equipped with stainless steel appliances, a pantry, and a breakfast bar. A bedroom and full bath are located off the kitchen. The lower level features an oceanfront primary suite with an en-suite bathroom and private access to the lower deck. A bunk room, hall laundry, and an additional bedroom and bath are also located on the lower level. The property includes a foyer with covered carport entry from the ground level. Exterior features include a private boardwalk to the beach, two covered parking spaces, additional driveway parking, a storage room, and outdoor showers. The property size is 1870 square feet.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Surf City
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.541491
    Latitude
    34.42773

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Short term rental property - Oceanfront 4-bedroom townhome on Topsail Island, move-in/rental ready.
    Where is this short term rental property located?
    The property is located at 312 N Shore Drive A Surf City, NC.
    What is the asking price?
    The asking price for this property is $1,141,000.
    What are key features of this property?
    This property features: Direct Oceanfront Location on Topsail Island with Breathtaking Atlantic Ocean Views; Fully Furnished and Rental Ready with $40k in Spring/Summer 2025 Reservations; 4 Bedrooms and 3 Bathrooms
    (910) 329-9800
    We can help!
    Listing Contact
    Amber Afify
    Amber Afify
    Real Estate License ID: 291512
    Learn More
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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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