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    Property profile & analytics

    349 Whiteville NW Rd Shallotte, NC 28470

    • Bowling alleys
    • 50,813 SF
    • 10.43 lot acres
    OFF-MARKET
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1842656
    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

    • Starz Grille / Restaurant
    • Planet Fun & Starz Grille Family Entertainment and Bowling Center / Restaurant
    • Moonlight Drive-in @ Planet Fun / Cinema / Theater & Performing Art Venue

    Property Details for 349 Whiteville NW Rd

    Year built
    2009
    Lot size
    10.43 lot acres
    Property size
    50,813 SF
    Zone code
    HB
    Property type
    Bowling alleys
    APN
    1970005015
    APU
    1970005015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,500,000
      Market price range: $1.50M - $2.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.3964
    Latitude
    33.975
    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
    $1,034,850
    $2,346,310
    $3,381,160
    -
    $1,034,850
    $2,346,310
    $3,381,160

    Comparable in this City

    • Value Estimation
      $1,145,000
      19,068 SF

      630 Vlg Rd

      BOWLING ALLEY • 19,068 SF
      630 Vlg Rd, Shallotte, NC 28470-4428
      View Details
    • Value Estimation by Request
      11,044 SF

      27 Brierwood SW Rd

      COUNTRY CLUB • 11,044 SF
      27 Brierwood SW Rd, Shallotte, NC 28470-4404
      View Details
    • Value Estimation by Request
      9,158 SF

      2000 Arnold Palmer Dr

      COUNTRY CLUB • 9,158 SF
      2000 Arnold Palmer Dr, Shallotte, NC 28470-5260
      View Details
    • Value Estimation by Request
      2.82 Acres

      5110 Jennie Br SW Way

      MOBILE HOME PARK, TRAILER PARK • 2.82 Acres
      5110 Jennie Br SW Way, Shallotte, NC 28470-5202
      View Details
    • Value Estimation
      $1,470,000
      9,963 SF

      4607 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,963 SF
      4607 Main St, Shallotte, NC 28470-4453
      View Details
    • Value Estimation by Request
      2,930 SF

      4414 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,930 SF
      4414 Main St, Shallotte, NC 28470-4450
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      0.329-acre lot overlooking the 13th hole of a golf course.
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      1,480 SF

      149 Holden Beach Rd, Shallotte, NC 28470

      Commercial real estate • 1,480 SF
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      Cleared Land Ready for Home

      Cleared 0.16 acre lot with septic and water meter.
      3049 Roadrunner Way SW, Shallotte, NC 28470
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    • Contact for pricing
      8.00 Acres

      Shallotte Commercial Land - 8 Acres

      Prime 8-acre commercial site in Shallotte, NC
      0 Forest Dr, Shallotte, NC 28470
      View Details
    • New
      $49,900
      0.45 Acres

      Residential Land Near Shallotte River

      0.45 acre lot in amenity-rich Shallotte community.
      749 Loblolly Dr SW, Shallotte, NC 28470
      View Details
    • $5,500,000
      483.10 Acres

      Large Acreage Near Shallotte

      483 acre tract for residential development near Shallotte, NC.
      483.10 Whiteville Rd NW, Shallotte, NC 28470
      View Details

    Similar Nearby for Lease

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      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
    • $16,800 /Mo
      1,500 SF

      Renovated Retail Space in Shallotte

      Newly renovated retail space in the heart of Shallotte, NC.
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      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.
      US-17 & Old Shallotte Rd NW, Shallotte, NC 28470
      View Details
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      188,388 SF

      Coastal Walk Retail Center

      Shallotte, NC: Prime Retail Space Available
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      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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    349 Whiteville NW Rd
    Shallotte, NC 28470
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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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