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Property profile & analytics
OFF-MARKET Estimated value $595,000
Strip malls

1501 Howe St Southport, NC 28461

6,798 SF 1.44 ac lot Built 1925
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US53-2212538
Property summary
AI-generated overview

This exceptional commercial property, located at 1501 N Howe Street in the vibrant town of Southport, North Carolina, presents a unique investment opportunity. Boasting a substantial 6,752 square feet of space, this general commercial building sits on a generous 1.37-acre lot, offering ample room for expansion, parking, or outdoor activities. The property's prime location in Southport provides excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. The building's substantial size allows for diverse configurations to suit various business needs, from retail spaces to offices or light industrial uses. The expansive lot provides significant potential for future development or simply offers generous space for current operations. This property is priced competitively at $800,000, representing a strong value proposition in the thriving Southport market. Its size, location, and versatility make it an attractive investment for discerning buyers seeking a significant presence in this desirable coastal community. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property. The property is ready for immediate occupancy and offers a blank canvas for a new business or expansion of an existing one. Don't miss this chance to secure a prominent location in the heart of Southport.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1925
Total area 6,798 SF
Lot 1.44 ac (62,726 SF)
Zoning code HC
APN 221MA03302
UPID US53-2212538
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k
Owner & transaction history
River Road Funding LLC
River Road Funding LLC
since 2026
Last sale
$700,000
4 recorded transactions
2026
$849,000
2025
$700,000
2018
Price N/A
2004
$525,000
Zoning & alternative use
HC · Southport, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

10. HC: Highway Commercial District. A district established for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services to transients. 11. LI: Light Industrial District. A district established to accommodate commercial warehousing and light industrial uses. 12. HI: Heavy Industrial District. A distr…

Zone name Highway Commercial
General category INDUSTRIAL
Zone area 244.34 ac
Source 2021 0708 Southport UDO Full
Top alternative use upside
Auto repair, garage $780,000 +152.6%
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