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

    1712 Fletcher NE Rd Leland, NC 28451-8570

    • Grocery and convenience stores
    • 1,456 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    6.4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US53-2182279
    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

    • Grocery and convenience stores

    Property Details for 1712 Fletcher NE Rd

    Year built
    1940
    Lot size
    2.50 lot acres
    Property size
    1,456 SF
    Zone code
    NC
    Property type
    Grocery and convenience stores
    APN
    2900011
    APU
    2900011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $156,000
      Market price range: $99.5k - $282k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $235,000
      OFFICE BUILDING
      $175,000
      AUTO REPAIR, GARAGE
      $165,000
      RETAIL STORES
      $160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.0584
    Latitude
    34.2543
    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
    $254,000
    $83,230
    $337,230
    -
    $254,000
    $83,230
    $337,230

    Comparable in this City

    • Value Estimation
      $225,000
      240 SF

      1116 New Pointe Blvd

      CONVENIENCE STORE • 240 SF
      1116 New Pointe Blvd, Leland, NC 28451-4115
      View Details
    • Value Estimation
      $185,000
      5,000 SF

      1680 Vlg NE Rd

      CONVENIENCE STORE • 5,000 SF
      1680 Vlg NE Rd, Leland, NC 28451-8464
      View Details
    • Value Estimation
      $270,000
      2,400 SF

      832 Vlg NE Rd

      CONVENIENCE STORE • 2,400 SF
      832 Vlg NE Rd, Leland, NC 28451-8462
      View Details
    • Value Estimation
      $225,000
      1,200 SF

      9400 Walker NE St

      CONVENIENCE STORE • 1,200 SF
      9400 Walker NE St, Leland, NC 28451
      View Details
    • Value Estimation
      $315,000
      5,040 SF

      51 Riv SE Rd

      CONVENIENCE STORE • 5,040 SF
      51 Riv SE Rd, Belville, NC 28451-7428
      View Details
    • Value Estimation
      $290,000
      420 SF

      114 Vlg NE Rd

      CONVENIENCE STORE • 420 SF
      114 Vlg NE Rd, Leland, NC 28451-7412
      View Details

    Similar Nearby for Sale

    • $450,000
      1,680 SF

      Retail Property Near Columbus County

      Retail property suitable for beer and wine sales.
      5197 Andrew Jackson Hwy NE, Leland, NC 28451
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    • $3,187,500
      14,820 SF

      Established Retail Property For Sale

      Located on signalized intersection in the heart of trade area.
      319 Village Rd NE, Leland, NC 28451
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    • $1,100,000
      9.28 Acres

      Leland, NC Commercial Land - $1.1M

      9.28 acres, prime C2 zoning, high traffic.
      9720 Blackwell Rd, Leland, NC 28451
      View Details
    • $350,000

      Leland Commercial Land - $350K

      2.04 Acres, Commercial/Residential Potential
      0 Tract A Leland School Rd, Leland, NC 28451
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    • $900,000
      1.32 Acres

      Leland, NC Commercial Development Opportunity

      Prime Leland location, high growth area, C1-T40 zoning.
      112 Perry Ave, Leland, NC 28451
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    • $1,200,000

      Commercial Land Near Wilmington

      2.95 acres of commercial land near downtown Wilmington.
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    Similar Nearby for Lease

    • $6 SF/Yr
      2,255 SF

      Leland Waterfront Commercial/Residential Property

      2+ acre waterfront property with commercial and residential zoning.
      760-764 Village Rd NE, Leland, NC 28451
      View Details
    • $4,500 /Mo
      1,308 SF

      Leland Commercial Space For Rent

      Commercial space available for lease in Leland, North Carolina.
      308 Village Rd NE, Leland, NC 28451
      View Details
    • $32 SF/Yr
      1,475 SF

      Retail Space in Leland, NC

      Retail spaces available in Leland, NC, delivery in late 2026.
      Olde Waterford Way, Leland, NC 28451
      View Details
    • $0.83 SF/Yr
      3,200 SF

      Waterfront Property in Growing Leland, NC

      20.98-acre waterfront property with commercial and residential zoning.
      762 Village Rd NE, Leland, NC 28451
      View Details
    • $23 SF/Yr
      45,609 SF

      Leland Mixed-Use Retail/Office Space

      Prime Leland location, 2,890 sq ft available.
      2155 Britton Rd, Leland, NC 28451
      View Details
    • $8 SF/Yr
      204,120 SF

      Class A Warehouse Space in Leland, NC

      ±22,680 - 113,400 SF Available
      1335 Cedar Hill Rd, Leland, NC 28451
      View Details
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    Leland, NC 28451-8570
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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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