Property profile

5501 Oak Is Dr Oak Island, NC 28465

OFF-MARKET
Grocery and convenience stores
Property ID
US53-1426769
1,650 SF Built 1976
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1976
Total area 1,650 SF
Zoning code CB
APN 250AB017
UPID US53-1426769

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Crypto Atm

Location

5501 Oak Is Dr Oak Island, NC 28465-5034
Oak Island metro Census 20315 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2019
$620,000
2019
Price N/A
2014
$350,000
2014
$352,000
1969
Price N/A

Zoning & alternative use

CB · Oak Island, NC
Zoning description

The CB business district is established as a zone in which the use of the land is for commercial and service uses for the surrounding urban market area.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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