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    Property profile & analytics

    179 Calabash Rd Calabash, NC 28467

    • Commercial real estate
    • 20.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0552560
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 179 Calabash Rd

    Lot size
    20.00 lot acres
    Property type
    Commercial real estate
    APN
    2400000302

    Description

    Exceptional investment opportunity awaits with this 20-acre commercial land parcel located at 179 Calabash Rd NW, Calabash, NC 28467. This property boasts significant road frontage on Calabash Road, a major thoroughfare providing maximum visibility to and from Myrtle Beach. Situated in Brunswick County, the fastest-growing county in North Carolina for the past decade, this land presents unparalleled potential for substantial returns. The property consists of two parcels sold as one, zoned for Neighborhood Business, offering a wide array of permitted uses (detailed zoning information is available). Its strategic location provides easy access to nearby Little River, SC (3.2 miles) and Sunset Beach (6.1 miles). The asking price is $2,250,000, and the APN is 2400000302. This is a rare chance to capitalize on the explosive growth in this area. Don't miss this chance to secure a prime piece of commercial real estate in a thriving market. The property's size and zoning make it ideal for a variety of commercial developments.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Calabash
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.591654402786
    Latitude
    33.908813158786

    Comparable in this City

    • $74,990
      1.16 Acres

      Ocean Isle Beach Land Opportunity

      1.16 acre lot near Sunset and Ocean Isle Beaches.
      Reed Trl NW, Ocean Isle Beach, NC 28467
      View Details
    • $89,000

      Cleared Golf Course Lot

      Land in gated community with great views for sale.
      396 Crow Creek Dr, Calabash, NC 28467
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    • $425,000

      Calabash Land For Sale

      0.64 acre lot suitable for retail or office development.
      Beach Dr SW, Calabash, NC 28467
      View Details
    • $57,500
      0.20 Acres

      Residential Lot Near Beaches

      Residential lot with existing septic system near beaches and shopping.
      9202 Shady Forest Dr, Calabash, NC 28467
      View Details
    • $74,000
      0.47 Acres

      Golf Course View Land

      Golf course front lot in gated Crow Creek community.
      429 Crow Creek Dr NW, Calabash, NC 28467
      View Details
    • $117,000
      0.30 Acres

      Waterfront Land in Calabash, NC

      Waterfront lot with creek access near Calabash River.
      1111 River Dr SW, Calabash, NC 28467
      View Details

    Similar Nearby for Sale

    • $74,990
      1.16 Acres

      Ocean Isle Beach Land Opportunity

      1.16 acre lot near Sunset and Ocean Isle Beaches.
      Reed Trl NW, Ocean Isle Beach, NC 28467
      View Details
    • $89,000

      Cleared Golf Course Lot

      Land in gated community with great views for sale.
      396 Crow Creek Dr, Calabash, NC 28467
      View Details
    • $425,000

      Calabash Land For Sale

      0.64 acre lot suitable for retail or office development.
      Beach Dr SW, Calabash, NC 28467
      View Details
    • $57,500
      0.20 Acres

      Residential Lot Near Beaches

      Residential lot with existing septic system near beaches and shopping.
      9202 Shady Forest Dr, Calabash, NC 28467
      View Details
    • $74,000
      0.47 Acres

      Golf Course View Land

      Golf course front lot in gated Crow Creek community.
      429 Crow Creek Dr NW, Calabash, NC 28467
      View Details
    • $117,000
      0.30 Acres

      Waterfront Land in Calabash, NC

      Waterfront lot with creek access near Calabash River.
      1111 River Dr SW, Calabash, NC 28467
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      8,000 SF

      Retail Space on Beach Drive

      8,000± SF retail space available for lease in 2026.
      10215 Beach Dr SW, Calabash, NC 28467
      View Details
    • $6,900 /Mo
      4,016 SF

      Calabash Retail Opportunity For Rent

      Retail space for rent in the heart of Calabash, NC.
      10067 Beach Dr, Calabash, NC 28467
      View Details
    • Contact for pricing
      249,000 SF

      Calabash Commons Retail Space

      Prime Retail Space, 6 Units Available
      9810 Ocean Hwy, Calabash, NC 28467
      View Details
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    179 Calabash Rd
    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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