Property profile

5611 Oak Is Dr Oak Island, NC 28465

OFF-MARKET
Hotels
Property ID
US53-1349702
7,450 SF Built 1983
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1983
Total area 7,450 SF
Zoning code CB
APN 250AC010
UPID US53-1349702

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
  • Hotel & Motel
  • Hotel & Motel

Location

5611 Oak Is Dr Oak Island, NC 28465-5065
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
$700k
CAP Approach CAP
$1.18M
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k

Owner & transaction history

since 2022
Last sale
$875,000
5 recorded transactions
2022
$875,000
2022
Price N/A
2015
Price N/A
2015
$80,000
2007
$950,000

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
Top alternative use upside
Commercial (general) $1.2M +77.8%
Retail stores $990,000 +46.5%
Auto repair, garage $820,000 +21.4%

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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