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    The Largest CRE Database in the US with Over 1 Million Listings

    1855 W Ehringhaus St Elizabeth Cty, NC 27909

    Sponsored
    For Lease
    $2,200 /Mo ($18 SF/Yr)

    COMMERCIAL - Elizabeth Cty, NC

    Property size:
    1,400 SF
    Lot size:
    10.44 Acres
    Days on Market:
    73
    Last Refresh:
    Feb 6 at 7:06 am

    Property Features for 1855 W Ehringhaus St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GB
    APN
    891303043873
    Parking
    219
    Parking features
    Parking Lot
    Size
    1,400 SF
    Lot size
    10.44 Acres

    Taxes and HOA fees

    Expense value
    1808
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Flooring type
    Concrete
    Roof type
    Flat

    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# 100538422

    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

    Retail/Office Space in Elizabeth City

    A 1,400 square foot commercial unit is available for lease at $2,200 per month. The space features a 32' x 26' open area suitable for showroom display, retail, or an open-concept professional office. Additional features include a back room suitable for storage or a private office and one restroom. The unit is ready to be customized. Located near major thoroughfares in Elizabeth City, the property offers 219 shared parking spaces. It is situated in the Port Elizabeth Center and surrounded by a mix of national and local tenants, including Planet Fitness, Harbor Freight, and Dollar Tree. This versatile space is suited for retail or service-oriented uses. The property is located in Pasquotank County, North Carolina, and sits on a 10.44-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth Cty
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.25037
    Latitude
    36.287479

    Nearby Similar for Lease

    • $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

    FAQs

    What type of property is this?
    Retail space - Versatile 1,400 sqft commercial unit in established shopping center.
    Where is this retail space located?
    The property is located at 1855 W Ehringhaus St Elizabeth Cty, NC.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location in Port Elizabeth Center, near major thoroughfares.; - Versatile 1,400 sqft space suitable for retail, showroom, open-concept office, or service-oriented businesses.; - Large 32' x 26' open area, ideal for showroom display or flexible workspace.
    (252) 256-1279
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    Elizabeth Cty, NC 27909
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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
    1855 W Ehringhaus St Elizabeth Cty, NC 27909
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    We can help!
    Listing Contact
    Alex Rich
    Alex Rich
    Real Estate License ID: 261159
    (252) 256-1279
    Learn more
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