Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 Howe St Ste, Unit 3 Southport, NC 28461-3474
    Back to Search
    Property profile & analytics

    701 Howe St Ste, Unit 3, Southport, NC 28461-3474

    View on Map
    • Office Spaces
    • 1,304 SF
    Off-Market
    Last Sale May 30, 2025
    $402,000
    Property ID
    US53-2089098
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 701 Howe St Ste

    Year built
    2004
    Property type
    Office Spaces
    APN
    237ED02910
    APU
    237ED02910

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.0214
    Latitude
    33.9254
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-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
    0
    $0.00
    $0.00
    $212,800
    $212,800
    -
    $0.00
    $212,800
    $212,800

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      4594 Long Bch SE Rd, Unit 2

      CONDOMINIUM OFFICES
      4594 Long Bch SE Rd, Southport, NC 28461-8796
      View Details
    • Value Estimation by Request
      880 SF

      6 Merchants Rowa

      CONDOMINIUM OFFICES
      6 Merchants Rowa, Southport, NC 28461
      View Details
    • Value Estimation by Request
      1,160 SF

      2 Merchants Rowb

      CONDOMINIUM OFFICES
      2 Merchants Rowb, Bald Head Island, NC 28461-5075
      View Details
    • Value Estimation by Request
      640 SF

      600 Brunswick St, Unit 4

      CONDOMINIUM OFFICES
      600 Brunswick St, Southport, NC 28461-3857
      View Details
    • Value Estimation by Request
      1,050 SF

      1131 Atlantic Ave, Unit B

      CONDOMINIUM OFFICES
      1131 Atlantic Ave, Southport, NC 28461-2768
      View Details
    • Value Estimation by Request
      1,280 SF

      3960 Executive Park Blvd, Unit 8

      CONDOMINIUM OFFICES
      3960 Executive Park Blvd, Southport, NC 28461-8184
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,205 SF

      Corner Lot in Southport Gateway

      Corner lot zoned CLD, suitable for mixed-use or commercial development.
      1226 N Howe St, Southport, NC 28461
      View Details
    • Contact for pricing

      Historic Southport Mixed-Use Property

      Meticulously restored historic property in downtown Southport with versatile potential.
      119 N Davis St, Southport, NC 28461
      View Details
    • Contact for pricing
      1,013 SF

      Downtown Southport Commercial Condo Opportunity

      Move-in ready commercial condo in downtown Southport, North Carolina.
      600 North Howe St, Southport, NC 28461
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Commercial Building on Long Beach

      Free-standing building on high-traffic road near Southport and Oak Island.
      4593 Long Beach Rd SE, Southport, NC 28461
      View Details
    • $225,000
      0.95 Acres

      Southport Commercial Land Opportunity

      Prime 0.95-acre lot, ideal for development.
      5521 Rob Gandy Blvd, Southport, NC 28461
      View Details
    • Contact for pricing

      Cleared Lot in Boiling Spring

      Residential lot with paid water tap near Southport amenities.
      1797 Juniper Rd, Southport, NC 28461
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,964 SF

      New Mixed-Use Development For Lease

      New construction mixed-use development featuring retail and Class-A office space.
      5020 J. Swain Blvd, Southport, NC 28461
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Southport Crossing

      Retail space for lease anchored by Lowes Foods.
      5009-5021 Southport Xing, Southport, NC 28461
      View Details
    • Contact for pricing

      Commercial Land For Ground Rent

      1.07 acre commercial land for rent at signalized intersection.
      4356 Fish Factory Rd SE, Southport, NC 28461
      View Details
    • Contact for pricing
      1,314 SF

      Southport Retail Investment Opportunity

      Fully occupied retail property with owner financing available.
      5101 Southeast Southport Supply Rd, Southport, NC 28461
      View Details
    • Contact for pricing

      Southport Yard Space For Lease

      Yard space available for lease in Southport, North Carolina.
      3846 George Ii Hwy, Southport, NC 28461
      View Details
    • Contact for pricing

      Southport Commercial Tract For Rent

      Commercial tract for rent in Southport, North Carolina.
      4006 St James Dr Southeast, Southport, NC 28461
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Howe St Ste, Unit 3
    Southport, NC 28461-3474
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    701 Howe St Ste, Southport, NC, 28461
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!