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    Property profile & analytics

    220 Lk Park N Blvd Carolina Beach, NC 28428-4815

    • Turn key restaurants
    • 3,839 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US53-0870699
    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

    • McDonald's / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 220 Lk Park N Blvd

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    0.64 lot acres
    Property size
    3,839 SF
    Zone code
    CBD,CENTRAL BUS DIST
    Property type
    Turn key restaurants
    APN
    R09006-003-003-000
    APU
    R09006003003000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $250,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $215,000
      Mixed-Use
      $285,000
      Hospitality
      $210,000
      Educational
      $255,000
      Residential Income
      $250,000
      Energy
      $235,000
      Income-Based Land
      $225,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Carolina Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8933
    Latitude
    34.0353
    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
    2023
    $6,986
    $426,700
    $623,800
    $1,050,500
    -
    $426,700
    $623,800
    $1,050,500

    Comparable in this City

    • Value Estimation by Request
      416 SF

      602 Lk Park N Blvd

      RESTAURANT • 416 SF
      602 Lk Park N Blvd, Carolina Beach, NC 28428-4823
      View Details
    • Value Estimation
      $430,000
      3,334 SF

      6 Lk Park N Blvd

      RESTAURANT • 3,334 SF
      6 Lk Park N Blvd, Carolina Beach, NC 28428-4925
      View Details
    • Value Estimation
      $380,000
      1,280 SF

      304 Lk Park N Blvd

      RESTAURANT • 1,280 SF
      304 Lk Park N Blvd, Carolina Beach, NC 28428-4817
      View Details
    • Value Estimation
      $255,000
      2,738 SF

      308 Lk Park S Blvd

      RESTAURANT • 2,738 SF
      308 Lk Park S Blvd, Carolina Beach, NC 28428-5137
      View Details
    • Value Estimation
      $1,430,000
      2,008 SF

      9 Carolina Bch N Ave

      RESTAURANT • 2,008 SF
      9 Carolina Bch N Ave, Carolina Beach, NC 28428
      View Details
    • Value Estimation
      $2,550,000
      6,845 SF

      205 Charlotte Ave

      RESTAURANT • 6,845 SF
      205 Charlotte Ave, Carolina Beach, NC 28428-5121
      View Details

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    Similar Nearby for Lease

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      Restaurant and bar with outdoor entertainment in Carolina Beach, NC.
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      Bar and restaurant with outdoor deck in Carolina Beach, NC.
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      New Retail Space Near Beach

      New retail space in luxury apartment complex near Carolina Beach.
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      Carolina Beach Office Space

      Upstairs office space for rent in Carolina Beach, NC.
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      Top-Floor Condo Near Carolina Beach

      Spacious 2-bedroom condo with community pool, near the beach.
      609 Spencer Farlow Dr, Carolina Beach, NC 28428
      View Details

    Property Visit Statistics

    • Visits by month
      18.0k
    • Visitors by month
      11.0k
    • Avg Time on site
      13 min
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    Carolina Beach, NC 28428-4815
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    Realmo Value Estimation

    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.

    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.

    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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