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    25202 Island Pines Dr Waves, NC 27982

    • Commercial real estate
    • 1,800 SF
    For Sale
    View listing
    $750,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 25202 Island Pines Dr

    Year built
    1995
    Property size
    1,800 SF
    Property type
    Commercial real estate

    Description

    This exceptional business opportunity in Waves, NC, presents a 1,800-1,900 square foot, two-story building on a 20,000-20,001 square foot lot. Built in 1995 and zoned S-1, the property boasts a charming, rustic ambiance, currently operating as a well-established restaurant with 52-seat capacity across dual-level screened porches. All kitchen equipment and furniture are included in the sale price of $750,000. The property's strategic location near major campgrounds, residential areas, and hotels ensures consistent high tourist foot traffic. This presents a unique opportunity for a savvy entrepreneur to continue operating the existing restaurant or explore alternative uses for this versatile building. The property is being sold "as is." The building consists of one unit.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waves
    County
    Dare
    State
    North Carolina
    Longitude
    -75.4668
    Latitude
    35.5728

    Comparable in this City

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    • Value Estimation
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      25204 Mac-oca Dr

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    • Value Estimation
      $430,000
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      25206 Bold Dune Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,816 SF
      25206 Bold Dune Dr, Waves, NC 27982
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    • Value Estimation
      $300,000
      2,560 SF

      25205 Mac-oca Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,560 SF
      25205 Mac-oca Dr, Waves, NC 27982
      View Details
    • Value Estimation
      $515,000
      2,144 SF

      25579 Nc Hwy 12

      OFFICE/RESIDENTIAL (MIXED USE) • 2,144 SF
      25579 Nc Hwy 12, Waves, NC 27982
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    • Value Estimation
      $455,000
      1,549 SF

      Nc 12th Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,549 SF
      Nc 12th Hwy, Waves, NC 27982
      View Details

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    Waves, NC 27982
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    Realmo Value Estimation

    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.

    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.

    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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