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

    283 Smith Ave Shallotte, NC 28470-4459

    • Manufacturing properties
    • 20,172 SF
    • 4.03 lot acres
    OFF-MARKET
    Value Estimations
    $1,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0337896
    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

    • Mirror Lite of NC / Manufacturer

    Property Details for 283 Smith Ave

    Year built
    1968
    Lot size
    4.03 lot acres
    Property size
    20,172 SF
    Zone code
    HB
    Property type
    Manufacturing properties
    APN
    1810006501
    APU
    1810006501

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,034,000
      Market price range: $1.03M - $2.42M
      AI Estimate
      $1,386,000
      Market price range: $1.39M - $4.21M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,780,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.388
    Latitude
    33.9871
    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
    $550,800
    $111,200
    $662,000
    -
    $550,800
    $111,200
    $662,000

    Comparable in this City

    • Value Estimation
      $600,000
      22,310 SF

      2589 Sun And Surf NW Ln

      MANUFACTURING (LIGHT) • 22,310 SF
      2589 Sun And Surf NW Ln, Shallotte, NC 28470-5978
      View Details
    • Value Estimation by Request
      3,157 SF

      152 Mulberry St

      FOOD PROCESSING • 3,157 SF
      152 Mulberry St, Shallotte, NC 28470
      View Details
    • Value Estimation by Request
      4,000 SF

      4976 Industrial Dr

      MANUFACTURING (LIGHT) • 4,000 SF
      4976 Industrial Dr, Shallotte, NC 28470-3440
      View Details
    • Value Estimation
      $860,000
      6,212 SF

      430 Mulberry NW Rd

      MANUFACTURING (LIGHT) • 6,212 SF
      430 Mulberry NW Rd, Shallotte, NC 28470
      View Details
    • Value Estimation by Request
      6,677 SF

      1642 Vlg Pt SW Rd

      FOOD PROCESSING • 6,677 SF
      1642 Vlg Pt SW Rd, Shallotte, NC 28470-5581
      View Details
    • Value Estimation
      $975,000
      13,510 SF

      5007 Northside Dr

      MINI-WAREHOUSE, STORAGE • 13,510 SF
      5007 Northside Dr, Shallotte, NC 28470-4461
      View Details

    Similar Nearby for Sale

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    • $99,000

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      Spacious lot with water rights and river views.
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    • $147,000

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      Spacious .92-acre lot ready for custom home in Shallotte, NC.
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    • $95,000
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      Residential Lot in Growing Community

      0.73-acre residential lot, perfect for building your dream home.
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    • $225,900
      0.28 Acres

      Waterfront Lot in Brunswick County

      Developed waterfront lot near amenities, golf, shopping, restaurants, and beaches.
      4758 Is Walk Dr SW, Shallotte, NC 28470
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      Homesite in established waterfront community with amenities and coastal access.
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    Similar Nearby for Lease

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      5,883 SF

      Shallotte Flex/Retail/Office Leasing Opportunity

      Flex/Retail/Office spaces available for lease in Shallotte, North Carolina.
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    • $2,678 /Mo
      1,680 SF

      Prime Shallotte Warehouse/Commercial Space

      1,680 sq ft Industrial Building, High Visibility
      701 Holden Beach Rd, Shallotte, NC 28470
      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
    • Contact for pricing

      Prime Highway Frontage Land

      Located on US-17, ideal for various commercial uses.
      Shallotte, NC 28470
      View Details
    • Contact for pricing
      188,388 SF

      Coastal Walk Retail Center

      Shallotte, NC: Prime Retail Space Available
      0 Smith Ave & Main St, 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
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    283 Smith Ave
    Shallotte, NC 28470-4459
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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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