Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot with Water Views Title is generated by Realmo AI

    3400 Scupper Run, Southport, NC 28461

    View on Map
    Claim this Listing
    For Sale
    $220,000

    Desirable corner lot with marsh, creek, and Intracoastal views.

    Added:
    May 17, 2025
    Days on Market:
    386
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 3400 Scupper Run

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    MICHAEL D BRENNAN

    Listing agent MICHAEL D BRENNAN

    Listing office BERKSHIRE HATHAWAY HOMESERVICES CAROLINA PREMIER PROPERTIES

    Listing date May 17, 2025

    Source Corcoran

    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 BERKSHIRE HATHAWAY HOMESERVICES CAROLINA PREMIER PROPERTIES

    HighLights

    • Breathtaking water views of marsh, tidal creek, and Intracoastal Waterway from a desirable corner lot.
    • Semi‑cleared lot primed for construction, allowing for a seamless building process.
    • Access to community amenities including a clubhouse, swimming pool, and community pier.
    • Located in the upscale Beaver Creek Plantation, offering privacy and exclusivity.
    • Conveniently located near Southport and Oak Island beaches.
    • Maintained community with HOA ensures pristine conditions.

    Overview

    This corner lot offers views of the marsh, tidal creek, and the Intracoastal Waterway. The lot is semi-cleared and ready for construction, facilitating the building of a new home. Residents have access to a clubhouse, swimming pool, and a community pier. Located in Beaver Creek Plantation, the lot provides privacy and is near Southport and the beaches of Oak Island. The community is maintained by an HOA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Hotel & Motel Gym & Fitness Center Auto Parts Store Garden Center Cafe & Coffee Shop Clothing & Fashion Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.1029
    Latitude
    33.9268

    Nearby Similar for Sale

    • $750,000
      1,584 SF

      Southport Commercial Property For Sale

      Premier commercial property in historic downtown Southport, North Carolina.
      414 N Howe Street, Southport, NC 28461
      View Details
    • $1,775,000
      5,262 SF

      Southport Multifamily Investment Opportunity

      Unique four-unit property with short-term rental advantage in Southport.
      510 W St George, Southport, NC 28461
      View Details
    • $500,000

      Prime Southport Business District Land

      Exceptional exposure in a high-growth coastal tourism market.
      413 N Howe Street lot: 0, Southport, NC 28461
      View Details
    • $529,000

      Waterfront Homesite in Gated Community

      Build on a waterfront Intracoastal Waterway homesite within a gated community near marina and park amenities.
      2831 Harborside Way lot: 2, Southport, NC 28461
      View Details
    • $315,000

      Southport, NC Commercial Land

      5 acre commercial lot with high visibility in Southport, NC.
      3760 George II Highway SE, Southport, NC 28461
      View Details
    • $389,000

      Southport Homesite with Golf Views

      Wooded homesite with golf views in St. James Plantation.
      3886 Hearndon Lane lot: 48, Southport, NC 28461
      View Details
    • $519,000

      Waterfront Homesite in St. James

      Intracoastal Waterway homesite with access to premier community amenities.
      2829 Harborside Way lot: 1, Southport, NC 28461
      View Details
    • $427,500

      Southport, NC Land Opportunity

      0.59-acre parcel zoned CO-NC, suitable for various uses.
      1228 N Lord Street, Southport, NC 28461
      View Details
    • $275,000

      Southport Homesite in Olde Southport

      Homesite in a peaceful cul-de-sac near Southport's downtown.
      207 Joshuas Way, Southport, NC 28461
      View Details
    • $184,000

      Southport Homesite in Gated Community

      0.31-acre homesite in St. James Plantation, Southport, NC.
      4360 Polly Gully Court SE lot: 36, Southport, NC 28461
      View Details
    • $275,000

      Southport Homesite in Olde Southport

      Homesite in a desirable coastal community near downtown Southport.
      207 Joshuas Way lot: 23, Southport, NC 28461
      View Details
    • $420,000

      Southport Land with Pond View

      Homesite with pond view in St. James Plantation.
      3759 Players Club Drive SE lot: 24, Southport, NC 28461
      View Details

    FAQs

    What type of property is this?
    Land - Desirable corner lot with marsh, creek, and Intracoastal views.
    Where is this land located?
    The property is located at 3400 Scupper Run Southport, NC.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Breathtaking water views of marsh, tidal creek, and Intracoastal Waterway from a desirable corner lot.; Semi‑cleared lot primed for construction, allowing for a seamless building process.; Access to community amenities including a clubhouse, swimming pool, and community pier.
    We can help!
    Listing Contact
    MICHAEL D BRENNAN
    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
    3400 Scupper Run, Southport, NC 28461
    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!