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    Beaufort Warehouse/Workshop for Rent Title is generated by Realmo AI

    105 Eastern Avenue, Beaufort, NC 28516

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    For Lease
    $950/Mo $8 SF/Yr (calc)

    COMMERCIAL - Beaufort, NC

    Property size:
    1,300 SF
    Lot size:
    0.31 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    168
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 105 Eastern Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    730612958698000
    Size
    1,300 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 13 Eastern Avenue
    Tax Annual Amount
    2714
    Expense value
    950
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    2023
    Roof type
    Metal

    We can help!

    Listing Contact
    Edward M Lupton

    Listing agent Edward M Lupton License #62726

    Listing office Putnam Real Estate P.O. Box 955, Morehead City, NC

    Listing date Dec 16, 2025

    MLS# 100545639

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction (2023)
    • Warehouse/workshop space
    • Separately metered units (1000‑1300 sq. ft.)
    • 12' doors
    • Personal door
    • Metal roof

    Overview

    Located at 105 Eastern Avenue in Beaufort, North Carolina, this property offers warehouse and workshop space for rent. The available space ranges from 1000 to 1300 square feet, with each unit being separately metered. Each unit features 12-foot doors and a personal door. A common bathroom is available for use. The property is zoned for commercial use and is situated on a 0.31-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Beaufort Storage — 1795 Live Oak St, Beaufort, NC 28516
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    • Beaufort Square Mini Storage and Temperature Control — 102 Wellons Dr, Beaufort, NC 28516
    • Beaufort Climate Controlled Storage — 100 Crescent Dr, Beaufort, NC 28516
    • Alligator Climate Controlled Storage — 668 W Beaufort Rd, Beaufort, NC 28516

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.636739
    Latitude
    34.731713

    Nearby Similar for Lease

    • $500/Mo
      350 SF

      Downtown Beaufort Waterfront Office Space

      Desirable waterfront office space available in downtown Beaufort, North Carolina.
      412 Front Street, Beaufort, NC 28516
      View Details
    • $950/Mo
      1,300 SF

      Beaufort Warehouse/Workshop Rental

      Warehouse/workshop with separately metered units and 12' doors.
      107 Eastern Avenue, Beaufort, NC 28516
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse/workshop space available in Beaufort, North Carolina.
    Where is this warehouse located?
    The property is located at 105 Eastern Avenue Beaufort, NC.
    What is the lease rate?
    The lease rate is $950 /Mo.
    What are key features of this property?
    This property features: New construction (2023); Warehouse/workshop space; Separately metered units (1000‑1300 sq. ft.)
    (252) 726-2826
    We can help!
    Listing Contact
    Edward M Lupton
    Real Estate License ID: 62726
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    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
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