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    410 Anderson Blvd Holly Ridge, NC 28445
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    Property profile & analytics

    410 Anderson Blvd Holly Ridge, NC 28445

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    • Residential income homes
    • 2,578 SF
    Off-Market
    Property ID
    US53-2377571
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 410 Anderson Blvd

    Year built
    1970
    Property size
    2,578 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings

    Description

    This exceptional Topsail Beach, NC investment opportunity presents a rare triplex, ideally situated on an 8,407 sq ft lot at 410 S Anderson Blvd, 28445. The property, built in 1970, boasts a total of 2,578 sq ft across three units: a 4-bedroom, 2-bathroom unit, and two 2-bedroom, 1-bathroom units. Currently operating as a highly profitable short-term rental business, this turnkey property comes fully furnished, eliminating the need for extensive upfront investment. The property's strong financial performance is reflected in its impressive $120,000 NOI and 11.16% cap rate, with an asking price of $1,075,000 ($416.99/sq ft and $358,333.33 per unit). The two-story building is zoned R-4 and offers convenient second-row access to the beach. A seller concession of 2% is available to assist with off-season carrying costs or property improvements, and a 1.25% lender credit may be available under specific terms and conditions. This is a truly exceptional opportunity for investors seeking a high-return, immediately operational short-term rental property in a prime coastal location. The property's strong rental history further solidifies its investment potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Ridge
    County
    Pender
    State
    North Carolina
    Longitude
    -77.624067014802
    Latitude
    34.37025752164

    Comparable in this City

    • $1,141,000
      1,870 SF

      Topsail Island Oceanfront Townhome

      Oceanfront 4-bedroom townhome on Topsail Island, move-in/rental ready.
      312 N Shore Dr, Surf City, NC 28445
      View Details
    • $1,195,000
      2,742 SF

      Topsail Beach Quadplex Investment Opportunity

      Rare quadplex near Topsail Beach with ocean and sound views.
      1008 Ocean Blvd, Topsail Beach, NC 28445
      View Details
    • $6,300,000
      15,437 SF

      Tiffany's Motel and Condotel Units

      40 motel and condotel units on Topsail Island.
      1503 N New River Dr, Surf City, NC 28445
      View Details
    • $414,000
      2,400 SF

      Turnkey Duplex in Coastal Market

      Fully occupied duplex generating $2,500 monthly income in Holly Ridge.
      215/217 Lloyd St, Holly Ridge, NC 28445
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    • $409,900
      Pending

      Surf City Townhome Near Beach

      Well-maintained townhome with flexible layout, close to amenities.
      105 James Ave, Surf City, NC 28445
      View Details
    • $1,400,000
      0.37 Acres

      Waterfront Land in Surf City, NC

      Rare waterfront property with development potential near Surf City beaches.
      484 Little Kinston Rd, Surf City, NC 28445
      View Details

    Similar Nearby for Sale

    • $414,000
      2,400 SF

      Turnkey Duplex in Coastal Market

      Fully occupied duplex generating $2,500 monthly income in Holly Ridge.
      215/217 Lloyd St, Holly Ridge, NC 28445
      View Details
    • $1,141,000
      1,870 SF

      Topsail Island Oceanfront Townhome

      Oceanfront 4-bedroom townhome on Topsail Island, move-in/rental ready.
      312 N Shore Dr, Surf City, NC 28445
      View Details
    • $1,195,000
      2,742 SF

      Topsail Beach Quadplex Investment Opportunity

      Rare quadplex near Topsail Beach with ocean and sound views.
      1008 Ocean Blvd, Topsail Beach, NC 28445
      View Details
    • $6,300,000
      15,437 SF

      Tiffany's Motel and Condotel Units

      40 motel and condotel units on Topsail Island.
      1503 N New River Dr, Surf City, NC 28445
      View Details
    • $409,900
      Pending

      Surf City Townhome Near Beach

      Well-maintained townhome with flexible layout, close to amenities.
      105 James Ave, Surf City, NC 28445
      View Details
    • $1,400,000
      0.37 Acres

      Waterfront Land in Surf City, NC

      Rare waterfront property with development potential near Surf City beaches.
      484 Little Kinston Rd, Surf City, NC 28445
      View Details
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    Holly Ridge, NC 28445
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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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