1199 Anderson Blvd Topsail Beach, NC 28445-0107
R-1, R-2, R-3, R-4 residential districts. These districts are established for residential development in which the principal use of the land is for single-family dwellings. In promoting the general purpose of this article, the specific intent of these districts is to: (1) Encourage the construction of and the continued use of the land for single-family resid…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Topsail Beach, NCR-1, R-2, R-3, R-4 residential districts. These districts are established for residential development in which the principal use of the land is for single-family dwellings. In promoting the general purpose of this article, the specific intent of these districts is to: (1) Encourage the construction of and the continued use of the land for single-family residential purposes. (2) Encourage the development of residential neighborhoods that complement one another. (3) Prohibit commercial and industrial use of the land and to prohibit any other use which would substantially interfere with development or continuation of dwellings in the district. (4) Encourage the discontinuance of existing uses that would not be permitted as new uses under the provisions of this article. (5) Discourage any use which would generate traffic on minor streets other than normal traffic to serve residents on those streets. (6) To discourage any use which because of its character or size would create requirements and costs for public services, such as police and fire protection, water supply and sewerage, substantially in excess of such requirements and costs if the district were developed solely for residential purposes. (b)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.