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Property profile & analytics
OFF-MARKET Estimated value $1,235,000
Medical Office Space

204 Smith Ave Shallotte, NC 28470-4458

4,992 SF 1.64 ac lot Built 2002
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-5835626
Property summary
AI-generated overview

This exceptional 2.71-acre commercial property in Shallotte, NC, is ideally situated on heavily traveled Smith Avenue, boasting excellent visibility across from the expanding Coastal Walk Marketplace. The site includes a 5,100+ square foot existing medical office building, adaptable for various uses or potential demolition. The property features a substantial stormwater pond engineered to support significant additional square footage development. Previously occupied by Novant Health, the building offers a large reception area, nine private offices, ten exam rooms, a lab, and a sizable kitchen. Ample plumbing and drainage make it suitable for medical, dental, salon, or spa uses. The two parcels (APN 1820017402 & 1820017403) were once planned for a six-building campus totaling 12,700+ square feet. The property benefits from its proximity to major retailers like Walmart, Home Depot, Lowe's, and Belk, and is within a rapidly growing area experiencing significant residential development. The Town of Shallotte's recent approval of an 80-unit apartment complex further enhances the property's value and potential. This prime location offers unparalleled opportunity for commercial development in southeastern North Carolina's thriving market. The asking price is $1,350,000. The permitted zoning is HB. Deeds with easements are recorded at Brunswick County Book 2152, page 563 (May 24, 2005) and B2828/P0159 (June 24, 2008).

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Total area 4,992 SF
Lot 1.64 ac (71,438 SF)
Zoning code HB
APN 1820017403
UPID US53-5835626
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
Current use
Occupant on record · Public records
  • Dr. Paul C. Whitesides, MD Physician
  • Rosa Berry Physician
  • Dr. Michael D. Applegate, MD Physician Medical Clinic
  • Marie M. Wheatley, FNP Physician
  • Kimberly Steed MA, LPC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.24M
Owner & transaction history
Sycamore Land Holdings LLC · 1 yrs held
Sycamore Land Holdings LLC
since 2025
Last sale
$1.3M
4 recorded transactions
2025
$1.3M
2020
Price N/A
2005
$975,000
2005
Price N/A
Zoning & alternative use
HB · Shallotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $805,000 +97.7%
Office building $760,000 +86.5%
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