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

    15200 Us Hwy 17 Hampstead, NC 28443-3386

    • Strip malls
    • 9,200 SF
    • 1.95 lot acres
    OFF-MARKET
    Last Sale
    May 12, 2020
    $85,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4022081
    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

    • ExpressTech Shipping / Shipping Service

    Property Details for 15200 Us Hwy 17

    Year built
    2008
    Lot size
    1.95 lot acres
    Property size
    9,200 SF
    Zone code
    GB RP
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3292-18-0927-0000
    APU
    32921809270000

    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
    Hampstead
    County
    Pender
    State
    North Carolina
    Longitude
    -77.7042
    Latitude
    34.3721
    CBSA code
    48900
    CBSA name
    WILMINGTON, 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
    $276,250
    $448,613
    $724,863
    -
    $276,250
    $448,613
    $724,863

    Comparable in this City

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      25,000 SF

      15597 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 25,000 SF
      15597 Us Hwy 17, Hampstead, NC 28443-3697
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    • Value Estimation by Request
      12,745 SF

      210 Nc Hwy Hwy

      SHOPPING CENTER, STRIP CENTER • 12,745 SF
      210 Nc Hwy Hwy, Hampstead, NC 28443
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    • Value Estimation by Request
      11,095 SF

      Hampstead, NC 28443

      SHOPPING CENTER, STRIP CENTER • 11,095 SF
      Hampstead, NC 28443
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    • Value Estimation by Request
      5,475 SF

      16747 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 5,475 SF
      16747 Us Hwy 17, Hampstead, NC 28443-3695
      View Details
    • Value Estimation by Request
      7,008 SF

      16621 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 7,008 SF
      16621 Us Hwy 17, Hampstead, NC 28443-7329
      View Details
    • Value Estimation by Request
      7,552 SF

      14536 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 7,552 SF
      14536 Us Hwy 17, Hampstead, NC 28443-3519
      View Details

    Similar Nearby for Sale

    • $8,500,000
      13,000 SF

      25311 Us Highway 17

      Airport retail • 13,000 SF
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    • $900,000
      6.83 Acres

      6.83 Acre Industrial Zoned Parcel

      Industrial-zoned land near Hampstead Bypass, ideal for development.
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    • $1,200,000

      Prime Commercial Corner Lot

      Corner lot in downtown Hampstead with high traffic volume.
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    • $950,000

      Prime Commercial Land Opportunity

      1.69 acre commercial land in thriving Surf City Community.
      23400 Us Highway 17, Hampstead, NC 28443
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    • $369,000

      Residential Homesite in Gated Community

      Homesite in gated, water-access community with resort-style amenities.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Surf City

      Retail space for lease in a neighborhood shopping center.
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    • $25 SF/Yr
      12,000 SF

      New Retail Development in Hampstead

      New retail development with units from 1,145 to 12,000 SF.
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    • $26 SF/Yr
      19,500 SF

      Whitebridge Crossing Retail Space

      Prime Hampstead, NC retail/office suites.
      0 Us Highway 17, Hampstead, NC 28443
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    • $10 SF/Yr
      35,100 SF

      Integrity Business Park, Hampstead NC

      Industrial Flex Space Available, Hwy 17
      13047 Us Highway 17, Hampstead, NC 28443
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    • $15,000 /Mo
      2 SF

      Commercially Zoned Land For Lease

      2.91 acres with house/office, shed, and laydown yard.
      132 Peanut Rd, Hampstead, NC 28443
      View Details
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    Hampstead, NC 28443-3386
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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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