Property profile

1226 Howe St Southport, NC 28461

OFF-MARKET
Office buildings
Property ID
US53-2141486
1,101 SF Built 1950
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a corner lot located in Southport, Brunswick County, in an area described as the gateway to Downtown Southport. It is zoned CLD, which allows for either mixed-use development or commercial use, and Brunswick County Planning indicates the site could accommodate a building of at least five stories. The site includes a paved circular parking area with access from 13th Street, which connects to Atlantic Ave and provides an alternate route intended to help avoid N Howe St traffic. An existing building on the lot was historically used as office space for two businesses, including an HOA management company and a law office. The building features a newer roof and a newer HVAC system.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1950
Total area 1,101 SF
Zoning code BD
APN 221MB019
UPID US53-2141486

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Community Center
  • Law Firm

Location

1226 Howe St Southport, NC 28461-2603
Southport metro Census 20306 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2018
5 recorded transactions
2022
Price N/A
2018
$5,000
2012
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

BD · Southport, NC
Zoning description

Change of Use or Redevelopment in the BD District A change of use or redevelopment whereby the floor area of the building or parcel is not expanded by greater than 25%. No parking required. Change of use or redevelopment…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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