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    Property profile & analytics

    1108 Corbett Ave Swansboro, NC 28584

    • Mixed-use properties
    • 0.92 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1232043
    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

    • Mixed-use properties

    Property Details for 1108 Corbett Ave

    Year built
    1975
    Lot size
    0.92 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 1108 W CORBETT Avenue in Swansboro, North Carolina, presents a unique investment opportunity. Situated on a sizable 0.92-acre lot, the property offers significant potential for a variety of uses, catering to both commercial and potentially residential development, subject to local zoning regulations. The asking price is $1,300,000. The property's substantial lot size provides ample space for expansion or redevelopment, allowing for increased revenue generation or the creation of a larger-scale project. Its location in Swansboro offers access to a growing community with a strong local economy and a desirable lifestyle. Further investigation into zoning and permitted uses is recommended to fully explore the development possibilities. This property is being offered as-is, and potential buyers are encouraged to conduct their own due diligence to assess its suitability for their intended purpose. The absence of square footage information in the listing highlights the need for an on-site inspection to accurately determine the existing building's dimensions and assess its condition. This presents a chance to acquire a significant piece of Swansboro real estate with considerable upside potential. Serious inquiries only.

    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
    Swansboro
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.14817
    Latitude
    34.70177

    Comparable in this City

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      Swansboro Mixed-Use Investment Opportunity

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    Similar Nearby for Sale

    • $400,000
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      Swansboro Mixed-Use Investment Opportunity

      Prime Swansboro location, 736 sq ft, 0.35 acre lot.
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      View Details
    • $649,500
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      Swansboro Commercial Land - Prime Location

      5.48 Acres, B-1 Zoning, Hwy 24 Access
      168 Queens Creek Rd, Swansboro, NC 28584
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    • $600,000
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      Prime Commercial Land, Cape Carteret, NC

      1.06-acre lot, Hwy 24 & Taylor Notion Rd.
      901 Wb Mclean Dr, Cape Carteret, NC 28584
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    • $99,900
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      Water Access Wooded Lot

      Wooded lot with water access and community amenities.
      306 Limbaugh Ln, Swansboro, NC 28584
      View Details
    • $525,000
      5.27 Acres

      Peletier Land with Road Frontage

      5+ acre lot with septic system near Emerald Isle.
      252 W Firetower Rd, Peletier, NC 28584
      View Details
    • $275,000
      1.27 Acres

      Waterfront Lot in Swansboro, NC

      Waterfront lot on Halls Creek near Swansboro with community access.
      406 Red Drum Way W, Swansboro, NC 28584
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for ground lease or build-to-suit development.
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      View Details
    • Contact for pricing

      Commercial Land in Swansboro, NC

      Commercial land available for ground lease or build-to-suit development.
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      New Storage Bay in Swansboro

      New commercial storage bay with private restroom in Swansboro.
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      Outparcels available with excellent visibility in a growing coastal market.
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    • $1.00 SF/Yr
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      Cedar Point Office Space Available

      Office space for rent in high-traffic Cedar Point location.
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      Swansboro Commercial Storage Bay Rental

      New commercial storage bay with private restroom in Swansboro.
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    1108 Corbett Ave
    Swansboro, NC 28584
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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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