4603 Long Bch SE Rd Southport, NC 28461-8798
Property profile & analytics
4603 Long Bch SE Rd Southport, NC 28461-8798
- Warehouses
- 1,880 SF
Property ID
US53-1534962
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 4603 Long Bch SE Rd
- Year built
- 1985
- Property size
- 1,880 SF
- Zone code
- CLD
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 221IC008
- APU
- 221IC008
Description
This exceptional self-storage facility in Southport, NC, presents a compelling investment opportunity. The property, located at 4603 Long Beach Rd SE, 28461, boasts 143 units across nine single-story buildings totaling 13,396 net rentable square feet on a 0.92-acre lot. Built in 1985, the facility currently generates a NOI of $97,169, representing a 7.00% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $126,927 and a 9.14% cap rate, indicating substantial upside potential. The property features 13,162 square feet of non-climate-controlled drive-up storage and a 234-square-foot office space, currently vacant, offering further revenue generation opportunities through lease or conversion to climate-controlled units. The facility benefits from remote management via keypad access and existing management software. The strong local market, with a 7.2% annual population growth over the past four years and a projected 6.4% growth over the next five, coupled with an average household income of $102,956 within a five-mile radius, ensures a robust tenant base. Additional revenue streams can be maximized through ancillary services and tenant insurance. Situated in the rapidly growing Wilmington MSA, the sixth largest in North Carolina, this Southport location, approximately 20 miles south of Wilmington, offers excellent accessibility and strong market fundamentals. The asking price for this high-yield investment is $1,388,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Southport
- County
- Brunswick
- State
- North Carolina
- Longitude
- -78.0584
- Latitude
- 33.943
- 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
$158,770
$239,070
$397,840
-
$158,770
$239,070
$397,840
