Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9263 Crabtree Cir Calabash, NC 28467

    • Garden apartment buildings
    • 924 SF
    OFF-MARKET
    Last Sale
    Oct 06, 2023
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1990011
    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.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 9263 Crabtree Cir

    Year built
    1996
    Property size
    924 SF
    Zone code
    MFH2
    Property type
    Garden apartment buildings
    APN
    255GG02311
    APU
    255GG02311

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $258,000
      Market price range: $139k - $259k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Calabash
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.5572
    Latitude
    33.8808
    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
    $76,000
    $38,860
    $114,860
    -
    $76,000
    $38,860
    $114,860

    Comparable in this City

    • Value Estimation
      $260,000
      1,064 SF

      9166 Bonaparte SW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,064 SF
      9166 Bonaparte SW Dr, Calabash, NC 28467-3003
      View Details
    • Value Estimation
      $280,000
      1,762 SF

      9165 Bonaparte SW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,762 SF
      9165 Bonaparte SW Dr, Calabash, NC 28467-3004
      View Details
    • Value Estimation
      $270,000
      1,328 SF

      9247 Bonaparte SW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,328 SF
      9247 Bonaparte SW Dr, Calabash, NC 28467-3008
      View Details
    • Value Estimation
      $295,000
      924 SF

      9113 Bonaparte SW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 924 SF
      9113 Bonaparte SW Dr, Calabash, NC 28467-3004
      View Details
    • Value Estimation
      $235,000
      1,264 SF

      9038 Shady Frst SW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,264 SF
      9038 Shady Frst SW Dr, Calabash, NC 28467-3064
      View Details
    • Value Estimation
      $70,000
      1,176 SF

      938 Pineclair SW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,176 SF
      938 Pineclair SW Dr, Calabash, NC 28467-2814
      View Details

    Similar Nearby for Sale

    • $174,000
      860 SF

      Coastal Condo with Resort Amenities

      Charming 2-bedroom condo with pool, hot tub, and convenient location.
      10172 Beach Dr SW, Calabash, NC 28467
      View Details
    • $275,000

      New Coastal Luxury Condo

      Luxurious 2-bedroom condo with modern amenities in amenity-rich community.
      395 S Crow Creek Dr, Calabash, NC 28467
      View Details
    • $321,500

      Beach Condo with Pond View

      Well-maintained condo with flexible space near beaches and golf.
      395 S Crow Creek Dr NW, Calabash, NC 28467
      View Details
    • $285,000

      Resort-Style Condo with Golf Views

      3BR condo with golf course views, near Sunset Beach.
      250 Woodlands Way, Calabash, NC 28467
      View Details
    • $264,900
      1,341 SF

      Furnished Condo in Brunswick Plantation

      Move-in ready condo with pond view and community amenities.
      8855 Radcliff Dr NW, Calabash, NC 28467
      View Details
    • $231,900
      1,445 SF

      Brunswick Plantation Condo with Pond View

      Well-maintained condo in amenity-rich Brunswick Plantation, near Sunset Beach.
      8855 Radcliff Dr NW, Calabash, NC 28467
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      8,000 SF

      Retail Space on Beach Drive

      8,000± SF retail space available for lease in 2026.
      10215 Beach Dr SW, Calabash, NC 28467
      View Details
    • $6,900 /Mo
      4,016 SF

      Calabash Retail Opportunity For Rent

      Retail space for rent in the heart of Calabash, NC.
      10067 Beach Dr, Calabash, NC 28467
      View Details
    • Contact for pricing
      249,000 SF

      Calabash Commons Retail Space

      Prime Retail Space, 6 Units Available
      9810 Ocean Hwy, Calabash, NC 28467
      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.
    9263 Crabtree Cir
    Calabash, NC 28467
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.