Property profile

201 Lumberton Ave Carolina Beach, NC 28428

OFF-MARKET
Office buildings
Property ID
US53-1959132
960 SF 0.1 ac lot Built 1972
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,000-square-foot freestanding office building presents a rare leasing opportunity in Carolina Beach's Central Business District (CBD). Completely renovated in 2023, this single-tenant Class B property boasts a thoughtfully designed layout including a reception area with built-in desk, a conference room featuring a built-in hardwood conference table, two private offices, two restrooms, a small break area, and a storage closet. Situated on a 0.15-acre lot, the building offers convenient off-street parking and prominent signage on North Lake Park Boulevard, enhancing visibility and accessibility. The property benefits from dual street frontage on Lumberton Avenue and North Lake Park Boulevard. Its strategic location places it directly across from the Carolina Beach Marina, the new Brunches Restaurant, and the Gulf Stream Restaurant, and provides easy access to the Carolina Beach Boardwalk. The lease rate includes landscaping services. Built in 1972, this one-story building is zoned CBD (R08818-020-002-000, R08818-020-003-000) and offers immediate occupancy. This is an ideal space for businesses seeking a high-profile location with modern amenities in a vibrant coastal community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Construction STEEL & CONCRETE
Total area 960 SF
Lot 0.1 ac (4,443 SF)
Zoning code CBD,CENTRAL BUS DIST
APN R08818-020-002-000
UPID US53-1959132

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
  • Construction Company General Contractor

Location

201 Lumberton Ave Carolina Beach, NC 28428-4846
Carolina Beach metro Census 12201 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$730k

Owner & transaction history

since 2024
Last sale
$727,500
2 recorded transactions
2024
$727,500
2021
$344,000

Zoning & alternative use

CBD,CENTRAL BUS DIST · Carolina Beach, NC

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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