Technical
Financial
Distress signals
Property profile

8901 Oak Is Dr Oak Island, NC 28465

OFF-MARKET
Office buildings
Property ID
US53-1900747
7,970 SF 0.74 ac lot Built 1999
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1999
Total area 7,970 SF
Lot 0.74 ac (32,234 SF)
Zoning code CB
APN 250DA00904
UPID US53-1900747

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
  • Vacation Rental Real Estate Agency
  • Golf Course

Location

8901 Oak Is Dr Oak Island, NC 28465-8371
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
by Request
CAP Approach CAP
$1.66M
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2016
3 recorded transactions
2016
$363,500
2006
$1.9M
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
Top alternative use upside
Restaurant $2.2M +60.8%
Apartment house (5+ units) $2.0M +48.3%
Retail stores $1.9M +41.3%

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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