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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1301 Thomasboro SW Rd Calabash, NC 28467-2827

    • Office buildings
    • 1,500 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    6.3%
    Office buildings
    Location Intelligence
    Property ID
    US53-1236859
    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

    • Office buildings

    Property Details for 1301 Thomasboro SW Rd

    Year built
    1990
    Construction
    WOOD
    Lot size
    1.49 lot acres
    Property size
    1,500 SF
    Zone code
    CB
    Property type
    Office buildings
    APN
    241JA006
    APU
    241JA006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $315,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $410,000
      Market price range: $157k - $411k
      AI Estimate
      $328,000
      Market price range: $131k - $328k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $285,000
      Current use
      RETAIL STORES
      $370,000
      Change: +28% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $260,000
      Change: -9% Conversion: Difficult
      WAREHOUSE, STORAGE
      $245,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Calabash
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.5589
    Latitude
    33.8992
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $116,040
    $198,110
    $314,150
    -
    $116,040
    $198,110
    $314,150

    Comparable in this City

    • Value Estimation
      $245,000
      1,276 SF

      9222 Bch Dr Sw5a

      PROFESSIONAL BUILDING • 1,276 SF
      9222 Bch Dr Sw5a, Calabash, NC 28467-2904
      View Details
    • Value Estimation
      $245,000
      1,276 SF

      9220 Bch Dr Sw10a

      PROFESSIONAL BUILDING • 1,276 SF
      9220 Bch Dr Sw10a, Ocean Isle Beach, NC 28467-2960
      View Details
    • Value Estimation
      $235,000
      1,032 SF

      10170 Ocean W Hwy

      PROFESSIONAL BUILDING • 1,032 SF
      10170 Ocean W Hwy, Carolina Shores, NC 28467
      View Details
    • Value Estimation
      $315,000
      1,456 SF

      1216 Thomasboro SW Rd

      PROFESSIONAL BUILDING • 1,456 SF
      1216 Thomasboro SW Rd, Carolina Shores, NC 28467-2267
      View Details
    • Value Estimation
      $360,000
      2,085 SF

      10187 Bch SW Dr

      PROFESSIONAL BUILDING • 2,085 SF
      10187 Bch SW Dr, Calabash, NC 28467-2701
      View Details
    • Value Estimation
      $400,000
      2,100 SF

      61 Carolina Farms Blvd

      PROFESSIONAL BUILDING • 2,100 SF
      61 Carolina Farms Blvd, Carolina Shores, NC 28467-2284
      View Details

    Similar Nearby for Sale

    • $3,200,000
      17.70 Acres

      Prime Calabash Commercial Land

      17.7 Acres Hwy 17 Frontage
      17 Acres Hwy, Calabash, NC 28467
      View Details
    • $154,500
      751 SF

      Coastal Condo in Gated Community

      One-bedroom condo with resort-style amenities near beaches and waterfront dining.
      330 S Middleton Dr NW, Calabash, NC 28467
      View Details
    • $74,000

      Residential Lot at Crow Creek

      Vacant lot in gated golf community, build your dream home.
      503 Crow Creek Dr, Calabash, NC 28467
      View Details
    • $79,500
      0.37 Acres

      Cleared Land in Gated Community

      Cleared lot ready for building in a gated community.
      437 N Crow Creek Dr, Calabash, NC 28467
      View Details
    • $80,000
      0.47 Acres

      Residential Lot in Carolina Shores

      Residential lot in a sought-after community with great amenities.
      L-2 Carolina Shores Dr, Shallotte, NC 28467
      View Details
    • $225,000
      0.38 Acres

      Waterfront Residential Lot Opportunity

      Residential lot with Intracoastal Waterway views, close to beaches.
      69 Schuyler Dr, 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
    • 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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    1301 Thomasboro SW Rd
    Calabash, NC 28467-2827
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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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