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    107 Eastern Ave, Unit C Beaufort, NC 28516

    View on Map
    Sponsored
    For Lease
    $950 /Mo ($0.84 SF/Yr)

    COMMERCIAL - Beaufort, NC

    Property size:
    1,300 SF
    Lot size:
    0.31 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 8:06 pm

    Property Features for 107 Eastern Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    APN
    730612959746000
    Size
    1,300 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Expense value
    950
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    2022
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Edward M Lupton

    Putnam Real Estate Co. (252) 726-2826

    Listing agent Edward M Lupton (252) 726-2826 License #62726

    Listing date Mar 6, 2026

    MLS# 100558655

    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.

    Learn more

    Property Insight Report

    Overview

    Beaufort Warehouse/Workshop Rental

    This commercial property in Beaufort, North Carolina, offers warehouse and workshop spaces for rent. The available units range from 1000 to 1300 square feet and are separately metered. Each unit features 12-foot doors and a personal door for convenient access. A common bathroom is available for all tenants. The property is zoned commercial and sits on a 0.31-acre lot.
    Property Profile Insight Report 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, AA Self Storage, Beaufort, NC, Beaufort Square Mini Storage and Temperature Control, Beaufort Climate Controlled Storage

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.636545
    Latitude
    34.731956

    Nearby Similar for Lease

    • New
      $975 /Mo
      13,504 SF

      Beaufort, NC Warehouse/Workshop Space

      Warehouse/workshop space available for lease in Beaufort, North Carolina.
      105 Eastern Ave, Beaufort, NC 28516
      View Details
    • Contact for pricing
      800 SF

      Charming Townhome Near Beaufort Waterfront

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    FAQs

    What type of property is this?
    Warehouse - Warehouse/workshop with separately metered units and 12' doors.
    Where is this warehouse located?
    The property is located at 107 Eastern Ave, Unit C Beaufort, NC.
    What is the lease rate?
    The lease rate is $0.84 SF/Yr.
    What are key features of this property?
    This property features: - 1000-1300 sq ft warehouse/workshop space.; - Separately metered units.; - Easy access with 12' doors.
    (252) 726-2826
    Request Owner's contact information
    107 Eastern Ave, Unit C Beaufort, NC 28516
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    Beaufort, NC 28516
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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
    107 Eastern Ave, Unit C Beaufort, NC 28516
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    We can help!
    Listing Contact
    Edward M Lupton
    Real Estate License ID: 62726
    (252) 726-2826
    Learn more
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