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Condominium and Marina

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Oak Island Marina

Development Due Diligence – Valuation

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Clontz Newkirk appraised the Oak Island Marina project, the largest marina and condominium development now planned for the entire North Carolina Coast. This project consists of 224 dryslips, 56 wetslips, full service marine facility (fuel sales, transient slips and ship’s store) and 256 condominium units located in two 12-story residential towers. This assignment required separate land sales analysis for commercial waterfront sites and multi-family sites; a discounted sellout analysis with separate sales prices and absorption rates for dryslips and wetslips; and a discounted sellout analysis with sales prices and absorption rates for residential condominium units.

© 2017 The Clontz Newkirk Real Estate Group
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