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    9810 Ocean Hwy Calabash, NC 28467

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    9810 Ocean Hwy Calabash, NC 28467

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    • Retail properties & Spaces
    • 249,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 9810 Ocean Hwy

    Property size
    249,000 SF
    Property type
    Retail properties & Spaces

    Description

    Calabash Commons, located at 9810 Ocean Hwy W in Calabash, NC 28467, offers exceptional retail leasing opportunities. This established commercial property boasts a total of 249,000 square feet and comprises seven suites. Currently, there are six available spaces, ranging from 1,400 to 1,680 contiguous square feet, providing flexibility for various retail businesses. The total vacant space amounts to 7,960 square feet. The property's prime location in Calabash, Calabash County, North Carolina, ensures high visibility and accessibility for customers. Ideal for businesses seeking a well-established presence in a thriving community, this property presents a unique chance to establish or expand your retail operation. The minimum divisible space is 1,400 square feet, making it suitable for a range of businesses. With its strategic location and ample space, Calabash Commons provides a strong foundation for success. Interested parties are encouraged to inquire about lease terms and availability. The property is categorized as a multi-tenant retail building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calabash
    County
    Calabash
    State
    North Carolina
    Longitude
    -78.5862
    Latitude
    33.9072

    Comparable in this City

    • Value Estimation by Request
      10,416 SF

      10283 Bch SW Dr

      DEPARTMENT STORE • 10,416 SF
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    • Value Estimation by Request
      11,720 SF

      10000 Bch SW Dr, Unit 1

      DEPARTMENT STORE (MULTI-STORY) • 11,720 SF
      10000 Bch SW Dr, Calabash, NC 28467-2856
      View Details
    • Value Estimation
      $1,625,000
      6,000 SF

      727 Mclamb NW Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,000 SF
      727 Mclamb NW Rd, Calabash, NC 28467
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    • Value Estimation
      $670,000
      13,184 SF

      Calabash, NC 28467

      CONVENIENCE STORE • 13,184 SF
      Calabash, NC 28467
      View Details
    • Value Estimation
      $730,000
      8,294 SF

      9887 Oak St

      RESTAURANT • 8,294 SF
      9887 Oak St, Calabash, NC 28467-2729
      View Details
    • Value Estimation by Request
      450 SF

      9530 Shady Frst SW Dr

      AUTO REPAIR, GARAGE • 450 SF
      9530 Shady Frst SW Dr, Calabash, NC 28467
      View Details

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      Publix-Anchored Shopping Center For Rent

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      Retail Space For Lease

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      9810 Ocean Hwy W, Calabash, NC 28467
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      Commercial Office Space For Lease

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      Calabash Land For Sale

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    Calabash, NC 28467
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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.

    More about this property
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    9810 Ocean Hwy, Calabash, NC, 28467

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