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

    2410 Ocean W Hwy Shallotte, NC 28470-5969

    • Automotive properties
    • 5,760 SF
    • 6.76 lot acres
    OFF-MARKET
    Last Sale
    Mar 06, 2024
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1737857
    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

    • Jones Ford / Auto Repair Shop
    • Jones Ford Service / Auto Repair Shop
    • Jones Ford Parts / Auto Parts Store

    Property Details for 2410 Ocean W Hwy

    Year built
    1991
    Lot size
    6.76 lot acres
    Property size
    5,760 SF
    Zone code
    HB
    Property type
    Automotive properties
    APN
    1820008502
    APU
    1820008502

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,422,000
      Market price range: $365k - $1.82M
      AI Estimate
      $1,084,000
      Market price range: $334k - $1.10M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,000,000
      Current use
      RESTAURANT
      $1,580,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $1,415,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $1,100,000
      Change: +10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $935,000
      Change: -6% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $920,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.3484
    Latitude
    33.992
    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
    $513,760
    $638,880
    $1,152,640
    -
    $513,760
    $638,880
    $1,152,640

    Comparable in this City

    • Value Estimation
      $3,880,000
      24,086 SF

      100 Harley-davidson Dr

      VEHICLE SALES, RENTALS • 24,086 SF
      100 Harley-davidson Dr, Shallotte, NC 28470-4743
      View Details
    • Value Estimation
      $2,040,000
      11,340 SF

      45 Naber Dr

      VEHICLE SALES, RENTALS • 11,340 SF
      45 Naber Dr, Shallotte, NC 28470-4698
      View Details
    • Value Estimation
      $2,820,000
      8,151 SF

      2366 Ocean W Hwy

      VEHICLE SALES, RENTALS • 8,151 SF
      2366 Ocean W Hwy, Shallotte, NC 28470-5970
      View Details
    • Value Estimation by Request
      1,920 SF

      109 Mcmilly NW Rd

      AUTO REPAIR, GARAGE • 1,920 SF
      109 Mcmilly NW Rd, Shallotte, NC 28470-1809
      View Details
    • Value Estimation by Request
      1,772 SF

      Shallotte, NC 28470

      CAR WASH • 1,772 SF
      Shallotte, NC 28470
      View Details
    • Value Estimation
      $585,000
      9,550 SF

      4757 Main St

      AUTO REPAIR, GARAGE • 9,550 SF
      4757 Main St, Shallotte, NC 28470-4449
      View Details

    Similar Nearby for Sale

    • $850,000

      Highway 17 Corner Property

      1.36 acre corner property with a well-maintained building.
      2556 Ocean Hwy W, Shallotte, NC 28470
      View Details
    • $525,000
      1,800 SF

      Retail/Flex Building Near Shallotte Park

      1,800 SF retail/flex building near Shallotte District Park.
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    • $1,295,000
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      Shallotte Retail/Office/Showroom Flex Space

      Impeccable retail, office, showroom, workroom, or flex space.
      423 Village Rd SW, Shallotte, NC 28470
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    • $2,500,000
      16.30 Acres

      Shallotte, NC Development Land

      16.3 Acres, Prime Location, 228 Units Possible
      0 Highlands Glen Dr, Shallotte, NC 28470
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    • $550,000
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      Prime Shallotte Commercial Land

      3-Acre Lot, 1858 sq ft Building
      5460 Main St, Shallotte, NC 28470
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    • $269,000
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      Shallotte Commercial Lot - Great Potential

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    Similar Nearby for Lease

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      1,500 SF

      Renovated Retail Space in Shallotte

      Recently renovated retail space in the heart of Shallotte, North Carolina.
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      View Details
    • Contact for pricing
      151,242 SF

      Shallotte Crossing Executive Suites

      Prime Brunswick County Office Space
      130 Shallotte Crossing Pkwy, Shallotte, NC 28470
      View Details
    • $8 SF/Yr
      87,757 SF

      Shallotte Commons Shopping Center

      Community centers • 87,757 SF
      5053 Main St, Shallotte, NC 28470
      View Details
    • $20 SF/Yr
      5,883 SF

      Shallotte Flex/Retail/Office Leasing Opportunity

      Flex/Retail/Office spaces available for lease in Shallotte, North Carolina.
      4636 East Eastcoast Ln, Shallotte, NC 28470
      View Details
    • $8 SF/Yr
      24,964 SF

      Updated Retail Space in Shallotte

      Prime retail space available in a high-traffic shopping center.
      5051 Main St, Shallotte, NC 28470
      View Details
    • Contact for pricing
      2,695 SF

      Retail Space in Growing Area

      Retail space available in Shallotte Crossing shopping center.
      110 Shallotte Crossing Pkwy, Shallotte, NC 28470
      View Details
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    2410 Ocean W Hwy
    Shallotte, NC 28470-5969
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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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