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    Property profile & analytics

    501 Lk Park N Blvd Carolina Beach, NC 28428-4822

    • Office buildings
    • 2,092 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $595,000
    Last Sale
    Mar 31, 2022
    $500,000
    Location Intelligence
    Property ID
    US53-1143523
    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

    • Island Massage & Spa / Day Spa / Massage Spa
    • Sea & Sun Motel / Motel / Hotel

    Property Details for 501 Lk Park N Blvd

    Year built
    1937
    Construction
    CONCRETE
    Lot size
    0.09 lot acres
    Property size
    2,092 SF
    Zone code
    HB
    Property type
    Office buildings
    APN
    R08818-008-007-000
    APU
    R08818008007000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $595,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $550,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $635,000
      Retail
      $650,000
      Mixed-Use
      $635,000
      Hospitality
      $680,000
      Educational
      $630,000
      Residential Income
      $540,000
      Energy
      $665,000
      Income-Based Land
      $555,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Carolina Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8942
    Latitude
    34.0377
    CBSA code
    48900
    CBSA name
    WILMINGTON, 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
    2023
    $2,411
    $139,200
    $223,300
    $362,500
    -
    $139,200
    $223,300
    $362,500

    Comparable in this City

    • Value Estimation by Request
      176 SF

      110 Winner Ave, Unit CARL

      OFFICE BUILDING • 176 SF
      110 Winner Ave, Carolina Beach, NC 28428-4801
      View Details
    • Value Estimation
      $390,000
      1,342 SF

      12 Pavilion N Ave

      OFFICE BUILDING • 1,342 SF
      12 Pavilion N Ave, Carolina Beach, NC 28428-6342
      View Details
    • Value Estimation
      $755,000
      960 SF

      201 Lumberton Ave

      OFFICE BUILDING • 960 SF
      201 Lumberton Ave, Carolina Beach, NC 28428-4846
      View Details
    • Value Estimation
      $1,070,000
      2,034 SF

      104 Winner Ave

      OFFICE BUILDING • 2,034 SF
      104 Winner Ave, Carolina Beach, NC 28428-4853
      View Details
    • Value Estimation
      $310,000
      982 SF

      703 Saint Joseph St, Unit 202

      OFFICE BUILDING • 982 SF
      703 Saint Joseph St, Carolina Beach, NC 28428-3857
      View Details
    • Value Estimation
      $415,000
      2,100 SF

      1000 Lk Park S Blvd

      OFFICE BUILDING • 2,100 SF
      1000 Lk Park S Blvd, Carolina Beach, NC 28428-5335
      View Details

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    Similar Nearby for Lease

    • $300 /Mo
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      Upstairs office space for rent in Carolina Beach, NC.
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      Small office space for rent in Carolina Beach, NC.
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    • $300 /Mo
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      Carolina Beach Office Space Available

      Upstairs office space for rent in Carolina Beach, NC.
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    • New
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      Restaurant and bar with outdoor entertainment in Carolina Beach, NC.
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    • $7,000 /Mo
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      Bar and restaurant with outdoor deck in Carolina Beach, NC.
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    Carolina Beach, NC 28428-4822
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    Realmo Value Estimation

    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.

    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.

    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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