Sign Up Successful!
You now have access to more from Realmo!
    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

    1142 N Rd St Unit, Unit 3 Elizabeth City, NC 27909

    Sponsored
    For Lease
    $1,400 /Mo ($14 SF/Yr)

    COMMERCIAL - Elizabeth City, NC

    Property size:
    1,175 SF
    Lot size:
    5.60 Acres
    Days on Market:
    72
    Last Refresh:
    Feb 5 at 11:06 am

    Property Features for 1142 N Rd St Unit

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    O&I
    APN
    891408975683
    Parking
    106
    Parking features
    Parking Lot
    Size
    1,175 SF
    Lot size
    5.60 Acres

    Taxes and HOA fees

    Expense value
    1400
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

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

    Building Details

    Year built
    1967
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Alex Rich
    Alex Rich

    Rich Company (252) 338-5432

    Listing agent Alex Rich (252) 256-1279 License #261159

    Listing date Nov 26, 2025

    MLS# 100537534

    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 Office Space Available

    An office space of 1175 square feet is available for lease at $1400 per month. The property is zoned Office & Institutional (O&I), accommodating a wide range of uses including medical, professional, and personal services, along with limited support retail. It is situated within a well-established professional complex that includes an oral surgeon, dermatologist, orthotics/prosthetics specialist, and rheumatologist. This suite offers an excellent opportunity for a complementary business to thrive in a strong medical and service-oriented environment. It is ideal for tenants seeking a convenient location. The property is located in Elizabeth City, NC, in Pasquotank County. The lot size is 5.6 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.217311
    Latitude
    36.322447

    Nearby Similar for Lease

    • $149,864
      6,812 SF

      Elizabeth City Medical/Office Building

      Three-story building suitable for medical or office use.
      1177 N Road St, Elizabeth City, NC 27909
      View Details
    • $6,942 /Mo
      4,900 SF

      Professional Office Space For Lease

      Professional office space available near new hospital in Elizabeth City.
      1880 W City Dr Unit, Elizabeth City, NC 27909
      View Details
    • $3,600 /Mo
      3,432 SF

      Functional Medical Office Space Available

      Attractive medical office space in Elizabeth City for lease.
      1507 N Road St, Elizabeth City, NC 27909
      View Details
    • $4,427 /Mo
      4,427 SF

      Medical Office Space Available

      Commercial space with exam rooms, ideal for medical or professional use.
      1141 N Rd St Unit, Elizabeth City, NC 27909
      View Details
    • $7,260 /Mo
      7,260 SF

      Two-Story Commercial Building For Rent

      7,260 SF commercial building suitable for medical or retail.
      1141 N Rd St Unit, Elizabeth City, NC 27909
      View Details
    • $7,308 /Mo
      4,800 SF

      Restaurant/Retail Space Near University

      4,800 SF commercial space with high visibility.
      1831 Weeksville Rd, Elizabeth City, NC 27909
      View Details
    • $6,000 /Mo
      6,000 SF

      Elizabeth City Commercial Space Available

      6,000 SF commercial space with flexible floor plan.
      1141 N Rd St Unit, Elizabeth City, NC 27909
      View Details
    • $2,454 /Mo
      1,732 SF

      Professional Office Space For Lease

      Immaculate office space in desirable City Center West subdivision.
      1880 W City Dr Unit, Elizabeth Cty, NC 27909
      View Details
    • $3,600 /Mo
      3,375 SF

      Elizabeth City Medical Office Space

      3,375 SF medical office space for lease.
      1134 N Rd St Unit, Elizabeth City, NC 27909
      View Details
    • $1,500 /Mo
      1,573 SF

      Elizabeth City Commercial Leasing Opportunity

      1573 sqft commercial space for lease in Elizabeth City.
      221 Bray St, Elizabeth City, NC 27909
      View Details
    • $3,000 /Mo
      3,000 SF

      Elizabeth City Retail Space Available

      3,000 SF commercial space with drive-thru in Elizabeth City.
      1141 N Rd St Unit, Elizabeth City, NC 27909
      View Details
    • $3,654 /Mo
      2,400 SF

      Adaptable Commercial Unit For Lease

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

    FAQs

    What type of property is this?
    Office space - Office space for lease in established professional complex.
    Where is this office space located?
    The property is located at 1142 N Rd St Unit, Unit 3 Elizabeth City, NC.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Established professional complex with medical tenants (oral surgeon, dermatologist, etc.); - Versatile Office & Institutional (O&I) zoning allows for diverse business types.; - Competitive lease rate of $1400/month.
    (252) 256-1279
    Request Owner's contact information
    1142 N Rd St Unit, Unit 3 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.
    1142 N Rd St Unit, Unit 3
    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
    1142 N Rd St Unit, Unit 3 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
    Alex Rich
    Alex Rich
    Real Estate License ID: 261159
    (252) 256-1279
    Learn more
    Google sign-in failed. Please try again or use another login method.