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    130 Shallotte Crossing Pkwy Shallotte, NC 28470
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    130 Shallotte Crossing Pkwy Shallotte, NC 28470

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    • Retail properties & Spaces
    • 151,242 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shoe Dept. / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Bath & Body Works / Cosmetic Store
    • Belk / Department Store / Men'S Clothing Store
    • BenchMark Physical Therapy / Medical Clinic
    • Sally Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 130 Shallotte Crossing Pkwy

    Property size
    151,242 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    Shallotte Crossing, located at 130 Shallotte Crossing Pkwy, Shallotte, NC 28470, offers exceptional executive office and retail space in Brunswick County, a rapidly growing area of North Carolina. This multi-tenant property boasts a total of 151,242 square feet, with four suites currently available. Individual suites range from a minimum of 2,400 square feet to a maximum contiguous space of 6,250 square feet, providing flexibility for businesses of various sizes. Currently, 14,145 square feet are vacant and ready for immediate occupancy. The property's strategic location within Shallotte provides access to a thriving retail environment, featuring both national and regional brands, making it an ideal location for businesses seeking high visibility and convenient access to amenities. The property is classified as both Retail and Office, specifically Executive Office and Strip Shop, offering a diverse range of potential uses. This presents a unique opportunity to establish a presence in a dynamic coastal community experiencing significant growth. The property's address is easily accessible, offering convenient access for employees and customers alike. Invest in a thriving location with excellent potential for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.3744
    Latitude
    33.978

    Comparable in this City

    • Value Estimation by Request
      0.77 Acres

      5459 Main St

      Land • 1,400 SF
      5459 Main St, Shallotte, NC 28470
      View Details
    • Value Estimation
      $2,610,000
      25,300 SF

      4502 Main St, Unit 1

      DEPARTMENT STORE • 25,300 SF
      4502 Main St, Shallotte, NC 28470-4446
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    • Value Estimation
      $5,100,000
      45,000 SF

      3680 Expy Dr

      DEPARTMENT STORE • 45,000 SF
      3680 Expy Dr, Shallotte, NC 28470-6501
      View Details
    • Value Estimation
      $1,255,000
      12,800 SF

      4511 Main St

      DEPARTMENT STORE • 12,800 SF
      4511 Main St, Shallotte, NC 28470-4447
      View Details
    • Value Estimation
      $4,635,000
      32,500 SF

      25 Naber Dr

      DEPARTMENT STORE • 32,500 SF
      25 Naber Dr, Shallotte, NC 28470-4698
      View Details
    • Value Estimation by Request
      5,400 SF

      4498 Main St, Unit 1

      DEPARTMENT STORE (MULTI-STORY) • 5,400 SF
      4498 Main St, Shallotte, NC 28470-4479
      View Details

    Similar Nearby for Sale

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      Shallotte Retail/Office/Showroom Flex Space

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      Furnished Office Building For Sale

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    • $3,250,000
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      Waterfront Land with Commercial Potential

      Exceptional waterfront land with commercial and residential use opportunity.
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      Shallotte Commercial Lot - Great Potential

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    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Space available in growing coastal community shopping center.
      130 Shallotte Crossing Pkwy, Shallotte, NC 28470
      View Details
    • Contact for pricing
      2,483 SF

      Shallotte Flex/Retail/Office Leasing Opportunity

      Flex/Retail/Office spaces available for lease in Shallotte, North Carolina.
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      Retail Hub in Shallotte, NC

      Prime retail location serving multiple beach town markets.
      Smith Ave & Main St, Shallotte, NC 28470
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      2,600 SF

      Retail Space in Shallotte, NC

      Retail space in regional hub near beach towns.
      135 Smith Ave, Shallotte, NC 28470
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    • Contact for pricing
      2,695 SF

      Retail Space in Growing Area

      Retail space available in Shallotte Crossing shopping center.
      110 Shallotte Crossing Pkwy, Shallotte, NC 28470
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    • $8 SF/Yr
      24,964 SF

      Updated Retail Space in Shallotte

      Prime retail space available in a high-traffic shopping center.
      5051 Main St, Shallotte, NC 28470
      View Details
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    Shallotte, NC 28470
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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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