Open-Plan Retail
New
For Sale
$199,900
6606 Beach Dr Sw Unit D, Ocean Isle Beach, NC 28469
An office, restroom, multiple sinks, and built-in shelving complement the customer-facing area.
Property Size1,160 SF
Price / SF$172.33
Days on Market3
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Property Features for 6606 Beach Dr Sw Unit D
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
open showroom
private office
restroom
multiple sinks
built-in shelving
Building Details
Year Built
1990
Tenancy
Single
Listing Agency:
Coastal Carolina Realty LLC
Listed By:
Tabetha R Cooke · License #129025
(910) 512-6535
Source:
Myhomesearchtriangle
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:09AM
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 Coastal Carolina Realty LLC
Investment Insights
Based on property information with market context.
This 1,160-square-foot retail suite in Cornerstone Plaza dates to 1990 and includes an open showroom, private office, restroom, multiple sinks, and built-in shelving. A new HVAC system was installed in 2022, and the plaza roof was replaced in November 2024. The suite will be vacant at closing; the shelving and sinks remain, while the pottery studio’s equipment, inventory, and furnishings are excluded.
The established commercial complex has professional offices, personal-service businesses, and specialty retailers. The property is at 6606 Beach Dr SW, Unit D, with access from Beach Drive and shared parking for plaza occupants. Water service is provided by the county, and the site uses a private septic system.
The established commercial complex has professional offices, personal-service businesses, and specialty retailers. The property is at 6606 Beach Dr SW, Unit D, with access from Beach Drive and shared parking for plaza occupants. Water service is provided by the county, and the site uses a private septic system.
Key Highlights
- 1,160‑square‑foot suite in Cornerstone Plaza
- Open showroom with a private office, restroom, multiple sinks, and built‑in shelving
- HVAC system installed in 2022; plaza roof replaced in November 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,450
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,000
$229.0K
Cap Rate 7%
$163,571
$163.6K
Cap Rate 9%
$127,222
$127.2K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$18.2K $15.72/SF
− Vacancy
−$1.9K −$1.62/SF
EGI
$16.4K $14.10/SF
− OpEx
−$4.9K −$4.23/SF
NOI
$11.4K $9.87/SF
Area
Brunswick County, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,000
Cap Rate 7%
$163,571
Cap Rate 9%
$127,222
Alternative Uses
Best Use
Retail
$163.6K
$143.1K – $190.8K
NOI $11,450 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.20M
$12.43M – $16.57M
NOI $994,246 @ 7.0% cap · market cap 497.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 28469, NC
8,171
Population
8,730
Households
0.9
Avg Household Size
63
Median Age
39%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
318
Density / Sq Mi
$87,285
Median Household Income
$41,936
Median Earnings
$948
Median Rent
$413,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An office, restroom, multiple sinks, and built-in shelving complement the customer-facing area.
Where is this retail space located?
The property is located at 6606 Beach Dr Sw Unit D Ocean Isle Beach, NC.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,160‑square‑foot suite in Cornerstone Plaza; Open showroom with a private office, restroom, multiple sinks, and built‑in shelving; HVAC system installed in 2022; plaza roof replaced in November 2024
