624 Vlg Rd Ste 1 Shallotte, NC 28470-3416
» HB Highway Business District - This district is established in which the principal use of land is for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services to transients. » CB Central Business District - This district is established as a zone in which the use of the land is for commercial and se…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
HB · Shallotte, NC» HB Highway Business District - This district is established in which the principal use of land is for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services to transients. » CB Central Business District - This district is established as a zone in which the use of the land is for commercial and service uses for an urban and rural market area. » CW Commercial Waterfront District - This district is established to preserve an d reserve adequate areas for water-related uses in the Town, while allowing low intensity commercial uses. » HI Industrial District - This district is established in which the pri ncipal use of land is for wholesale activities, industrial research, warehouses, and manufacturing operations. » C Conservation - The Conservation District is established in which only partial development of land may occur. The regulations of this district are intended to protect the floodplain and estuarine ar eas and pe rmitted u ses s hall be in conformity w ith t he us es listed in this ordinance, subject to the appropriate State and Federal laws. This district shall apply to those areas above mean high water which may be covered by marsh and are protected by the Coastal Area Management Act and appropriate Federal laws. According to T able 33, 184 parcels, or 62.0%, of the T own’s undeveloped land is zoned f or residential development. It is d ifficult to judge how rapidly these areas will dev elop. Accord ing to t he Brunswick County Building Inspections Department, in the last two years 396 building permits have been issued in Shallotte for an average of 198 per year. The permits were for single-family residences (162 permits issued over two years), commercial developments (217 permits issued over two years), and mobile homes (17 permits issued over two years). The environmental composite map (Map 9) was discussed in the Natural Systems Analysis section of the plan. The map is intended to delineate the Town’s jurisdiction in accordance with environmentally sensitive areas. All land masses were assigned an environmental composite class based on CAMA regulations (see Table 26, page 50). The following table provides a summary of how the undeveloped parcels in Shallotte relate to the classes established on the environmental composite map. If a parcel was located in more than one class as defined in the analysis, the most environmentally sensitive class was assigned to the parcel. TOW N OF SHAL LOTTE 67 CAM A CORE LAN D US E PLAN Table 34 .
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.