Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    477 Ocean W Blvd Supply, NC 28462

    • Retail space
    • 4,170 SF
    OFF-MARKET
    Last Sale
    Jun 15, 2023
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1920987
    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

    • SALT PEDDLER SWIMSUITS BOUTIQUE / Swimwear Store
    • Haley's Ice Cream Store / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 477 Ocean W Blvd

    Year built
    1960
    Property size
    4,170 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    246DB013
    APU
    246DB013

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $685,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $744,000
      Market price range: $376k - $744k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $955,000
      Current use
      OFFICE BUILDING
      $945,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Supply
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.2994
    Latitude
    33.911
    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
    $850,000
    $138,780
    $988,780
    -
    $850,000
    $138,780
    $988,780

    Comparable in this City

    • Value Estimation by Request
      2,720 SF

      2511 Seashore SW Rd, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 2,720 SF
      2511 Seashore SW Rd, Supply, NC 28462-4191
      View Details
    • Value Estimation
      $1,905,000
      12,436 SF

      3271 Holden Bch SW Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 12,436 SF
      3271 Holden Bch SW Rd, Supply, NC 28462-5717
      View Details
    • Value Estimation by Request
      728 SF

      3324 Holden Bch SW Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 728 SF
      3324 Holden Bch SW Rd, Holden Beach, NC 28462-5718
      View Details
    • Value Estimation by Request
      840 SF

      2164 Holden Bch SW Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      2164 Holden Bch SW Rd, Supply, NC 28462-5978
      View Details
    • Value Estimation by Request
      2,944 SF

      473 Ocean W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,944 SF
      473 Ocean W Blvd, Supply, NC 28462-1937
      View Details
    • Value Estimation by Request
      3,500 SF

      20 Sellers NW Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      20 Sellers NW Rd, Supply, NC 28462-3713
      View Details

    Similar Nearby for Sale

    • New
      $1,500,000
      1.98 Acres

      Prime Commercial Land, Supply, NC

      1.98 acres with highway frontage suitable for various commercial uses.
      377 Ocean Hwy W, Supply, NC 28462
      View Details
    • $1,999,000

      Bakery and Residential Home Opportunity

      Successful bakery and residential home near Holden Beach for sale.
      3331 Holden Beach Rd, Supply, NC 28462
      View Details
    • Contact for pricing
      72,242 SF

      Healthcare Facility Redevelopment Opportunity

      Proposed behavioral health treatment center redevelopment opportunity in Supply, NC.
      1 Medical Center Dr, Supply, NC 28462
      View Details
    • Contact for pricing

      Residential Lot in Sherrow Estates

      Undeveloped 0.26-acre lot, build your dream home near Holden Beach.
      331 Sassafras Ln, Supply, NC 28462
      View Details
    • Contact for pricing

      Coastal Homesite with Financing Available

      0.26-acre lot in Sherrow Estates, near Holden Beach.
      330 Sassafras Ln, Supply, NC 28462
      View Details
    • $100,000

      Double Lot Near Intracoastal Waterway

      Desirable double lot near Intracoastal Waterway and Holden Beach.
      2366 Jolly Roger Dr, Supply, NC 28462
      View Details

    Similar Nearby for Lease

    • New
      $1,500 /Mo
      600 SF

      Retail Space on Holden Beach

      Centrally located retail space near Holden Beach Causeway.
      3324 Holden Beach Rd SW, Supply, NC 28462
      View Details
    • $23 SF/Yr
      13,285 SF

      Medical Office Space For Lease

      Medical office space available within established Brunswick Medical Campus.
      13 Medical Campus Dr, Supply, NC 28462
      View Details
    • Contact for pricing
      73,616 SF

      Prime Brunswick County Land

      1.69 Acres, Hwy 17 Frontage
      53 Physicians Dr, Supply, NC 28462
      View Details
    • Contact for pricing

      Brunswick County Development Site

      1.69-acre development site near Novant Hospital on HWY 17.
      57 Physicians Dr NW, Supply, NC 28462
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    477 Ocean W Blvd
    Supply, NC 28462
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!