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    Property profile & analytics

    4521 Main St Shallotte, NC 28470-4447

    • Retail space
    • 1,600 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    May 29, 2024
    $5,000
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    5.3%
    Retail space
    Location Intelligence
    Property ID
    US53-0153130
    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

    • Retail space

    Property Details for 4521 Main St

    Year built
    2003
    Lot size
    0.35 lot acres
    Property size
    1,600 SF
    Zone code
    HB
    Property type
    Retail space
    APN
    1820014202
    APU
    1820014202

    Description

    This freestanding, single-tenant retail building offers 1,600 square feet on a 0.35-acre lot (1,703 sq ft) in Shallotte's thriving commercial area. Built in 2003, the one-story structure features a large open showroom, a smaller storage area, a restroom, and a rear office. Previously occupied by Domino's Pizza and later a US Cellular store, the property retains a drive-thru window, potentially re-openable with Town of Shallotte approval. Its convenient location on Hwy 17 Business (Main Street) provides excellent visibility and accessibility. A cross-access agreement ensures smooth traffic flow, connecting to the Holden Beach Rd SW stoplight. The property is ideal for a variety of retail uses, excluding vape and tobacco shops per local ordinance. The building's adaptable layout and prime location make it an exceptional opportunity for a business seeking high visibility and convenient access in a growing market. This is a single-tenant space with no elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $299,000
      Market price range: $89.4k - $300k

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

    Location Insight

    • Map
    • Local Demand
    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.3724
    Latitude
    33.9817
    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
    $273,780
    $160,880
    $434,660
    -
    $273,780
    $160,880
    $434,660

    Comparable in this City

    • Value Estimation
      $345,000
      9,963 SF

      4607 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,963 SF
      4607 Main St, Shallotte, NC 28470-4453
      View Details
    • Value Estimation
      $400,000
      2,752 SF

      5600 Ocean W Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,752 SF
      5600 Ocean W Hwy, Shallotte, NC 28470-4018
      View Details
    • Value Estimation
      $150,000
      1,719 SF

      1119 Holden Bch SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,719 SF
      1119 Holden Bch SW Rd, Shallotte, NC 28470-1746
      View Details
    • Value Estimation
      $485,000
      19,142 SF

      5100 Main St

      RETAIL STORES (PERSONAL SERVICES) • 19,142 SF
      5100 Main St, Shallotte, NC 28470-3414
      View Details
    • Value Estimation
      $635,000
      1,293 SF

      4701 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,293 SF
      4701 Main St, Shallotte, NC 28470
      View Details
    • Value Estimation
      $260,000
      9,808 SF

      4902 Main St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 9,808 SF
      4902 Main St, Shallotte, NC 28470-0015
      View Details

    Similar Nearby for Sale

    • $525,000
      1,800 SF

      Retail/Flex Building Near Shallotte Park

      1,800 SF retail/flex building near Shallotte District Park.
      5460 Main St, Shallotte, NC 28470
      View Details
    • $1,295,000
      4,218 SF

      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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    • $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
    • $175,000
      3.36 Acres

      Private Land Near Holden Beach

      3.36 acres near Holden Beach with mobile home.
      2539 Acres +/-, Shallotte, NC 28470
      View Details
    • $100,000
      0.24 Acres

      Waterfront Lot in Shallotte, NC

      Waterfront lot with creek views, no HOA dues.
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    • $50,000
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      Homesite in Rutledge with pond and walking trail views.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Shallotte, NC

      Retail space in regional hub near beach towns.
      135 Smith Ave, 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
      151,242 SF

      Shallotte Crossing Executive Suites

      Prime Brunswick County Office Space
      130 Shallotte Crossing Pkwy, 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
    • 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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    4521 Main St
    Shallotte, NC 28470-4447
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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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