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Property profile & analytics
FOR SALE
Office buildings
6260 Ocean Hwy, Shallotte, NC 28469
Entity Owned
14-yr Hold
Free & Clear
Property ID
US53-1616244
For Sale
$3,750,000
6260 Ocean Hwy, Shallotte, NC 28469
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2000
Total area
5,400 SF
Lot
2 ac (87,120 SF)
Zoning code
CLD
APN
2120000511
UPID
US53-1616244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.21M
Owner & transaction history
Bw Cos LLC · 14 yrs held
Bw Cos LLC
since 2011
4 recorded transactions
Zoning & alternative use
CLD · Ocean Isle Beach, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+43.2%
Retail stores
$1.3M
+28.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shallotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shallotte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,035,000
Current use
RESTAURANT
$1,480,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$1,325,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$935,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$875,000
Change: -15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,103,220
Assessed 2023
Previous assessed
$668,850
+64.9% YoY
Assessed land
$240,000
Assessed improvement
$863,220
Land market value
$240,000
Improvement market value
$863,220
Total market value
$1,103,220
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2000
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
5,400 SF
Lot
2 ac (87,120 SF)
Zoning code
CLD
APN
2120000511
UPID
US53-1616244
Jurisdiction
BRUNSWICK
Zoning & alternative use
CLD · Ocean Isle Beach, NC
Zoning CLD · permitted uses
CLD · Ocean Isle Beach, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Isle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Bw Cos LLC
Entity
Free & Clear · 14 yrs held
Mailing address
6260 OCEAN HWY W, OCEAN ISLE BEACH, NC 28469-3522
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2011
$650,000
Bw Cos LLC
Atlas Nc II Spe LLC
Grant Deed
—
Oct 6, 2011
$850,000
Atlas Nc II Spe LLC
Stephens H Kenneth II
Trustees Deed
related
—
Jan 22, 2007
$136,500
Red Hill Properties LLC
Brek LLC
Warranty Deed
$950,000 · Branch Banking & Trust Co
—
—
Red Hill Properties LLC
—
Deed Of Trust
related
$1,100,000 · Waccamaw Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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