Add Listing
    For Lease
    • 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

    1141 N Rd St Unit, Unit A1 Elizabeth City, NC 27909

    View on Map
    Sponsored
    For Lease
    $3,000 /Mo ($12 SF/Yr)

    COMMERCIAL - Elizabeth City, NC

    Property size:
    3,000 SF
    Lot size:
    15.22 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 26 at 4:06 am

    Property Features for 1141 N Rd St Unit

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GB
    APN
    891412868975
    Parking
    21
    Parking features
    Off Street, Parking Lot
    Size
    3,000 SF
    Lot size
    15.22 Acres

    Taxes and HOA fees

    Expense value
    3000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1991
    Flooring type
    Carpet
    Building materials
    Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Kellen Long

    Rich Company

    Listing agent Kellen Long License #362488

    Listing date Mar 2, 2026

    MLS# 100532737

    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

    Elizabeth City Commercial Space For Rent

    This commercial space, Suite A1, offers 3,000 square feet of space available for rent. The property is located directly on N Road Street. The unit features a drive-thru window, previously used by a pharmacy, and a flexible floor plan that can be adapted to meet tenant needs. There are 21 parking spaces shared between Suites A1 and A2, with additional parking available in the rear. The property is zoned General Business, accommodating a wide range of retail and service-based uses. The property sits across from a variety of medical offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.219855
    Latitude
    36.320108

    Nearby Similar for Lease

    • $149,864
      6,812 SF

      Elizabeth City Medical/Office Building

      Three-story medical/office building for lease or sale in Elizabeth City.
      1177 N Road St, Elizabeth City, NC 27909
      View Details
    • $2,200 /Mo
      1,400 SF

      Elizabeth City Commercial Space Available

      1400 sqft commercial unit for lease in Elizabeth City.
      1855 W Ehringhaus St, Elizabeth Cty, NC 27909
      View Details
    • $1,250 /Mo
      800 SF

      Retail/Office Space in Elizabeth City

      800 sqft commercial unit for lease in Elizabeth City, NC.
      1857 W Ehringhaus St, Elizabeth City, NC 27909
      View Details
    • $3,600 /Mo
      3,432 SF

      Functional Medical Office Space Available

      Attractive medical office space in Elizabeth City, North Carolina.
      1507 N Road St, Elizabeth City, NC 27909
      View Details
    • $2,200 /Mo
      1,400 SF

      Retail Space in Elizabeth City

      1,400 SF retail space for lease in Elizabeth City.
      1853 W Ehringhaus St, Elizabeth City, NC 27909
      View Details
    • $1,500 /Mo
      140 SF

      Modern Commercial Space on Parkway

      Well-maintained commercial unit in Elizabeth City, NC.
      410 Interpath Pkwy, Elizabeth City, NC 27909
      View Details
    • $1,730 /Mo
      1,219 SF

      Downtown Elizabeth City Commercial Space

      Renovated commercial space in the heart of downtown Elizabeth City.
      610 E Fearing St, Elizabeth City, NC 27909
      View Details
    • $1,500 /Mo
      1,573 SF

      Commercial Space Near Major Corridors

      1,573 sqft commercial space for lease near major corridors.
      221 Bray St, Elizabeth City, NC 27909
      View Details
    • $2,000 /Mo
      1,500 SF

      Ehringhaus Street Commercial Unit

      Commercial unit available for rent on Ehringhaus Street.
      900 W Ehringhaus St, Elizabeth City, NC 27909
      View Details
    • $7,308 /Mo
      4,800 SF

      Restaurant/Retail Space Near University

      4,800 SF commercial space with open layout and ample parking.
      1831 Weeksville Rd, Elizabeth City, NC 27909
      View Details
    • $1,600 /Mo
      1,800 SF

      Commercial Space in Elizabeth City

      1800 sq ft unit with office and roll-up door.
      1910 Weeksville Rd, Elizabeth City, NC 27909
      View Details
    • $3,654 /Mo
      1,200 SF

      Adaptable Commercial Space For Rent

      2,400 sq ft commercial unit suitable for retail/office.
      1831 Weeksville Rd, Elizabeth City, NC 27909
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,000 SF commercial space with drive-thru in Elizabeth City.
    Where is this retail space located?
    The property is located at 1141 N Rd St Unit, Unit A1 Elizabeth City, NC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial space directly on N Road Street.; - Benefit from the convenience of a drive-thru window (previously used by a pharmacy).; - Flexible floor plan adaptable to tenant needs.
    (252) 562-8889
    Request Owner's contact information
    1141 N Rd St Unit, Unit A1 Elizabeth City, NC 27909
    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.
    1141 N Rd St Unit, Unit A1
    Elizabeth City, NC 27909
    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
    1141 N Rd St Unit, Unit A1 Elizabeth City, NC 27909
    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

    We can help!
    Listing Contact
    Kellen Long
    Real Estate License ID: 362488
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!