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

    3719 N Croatan Hwy Kitty Hawk, NC 27949

    Sponsored
    For Sale
    $999,000

    Office - Kitty Hawk, NC

    Type:Office
    Lot size:
    31,500.00 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 2 at 4:06 pm

    Property Features for 3719 N Croatan Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    Smoke Alarm
    Lot size
    31,500.00 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Zoned (Heating)
    Cooling system
    Heat Pump, Zoned

    Building Details

    Number of units
    1
    Flooring type
    Carpet, Tile, Vinyl
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Edith Rowe
    Edith Rowe

    Brindley Beach Vacation & Sales (252) 261-7550

    Listing agent Edith Rowe (252) 261-7550 License #188824

    Listing date Jan 29, 2026

    MLS# 131136 Listing URL

    Copyright © 2026 Outer Banks Association of Realtors®. 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

    Kitty Hawk Commercial Property For Sale

    This commercial property is located in a high-traffic area of Kitty Hawk. The property is positioned on three-quarters of an acre along Highway 158. It is zoned General Beach Commercial (BC-2), allowing for a range of uses. Development standards include setbacks of 15 feet front, 10 feet side, and 20 feet rear, with a maximum lot coverage of 60%, or up to 72% with permeable pavement, and a maximum building height of 35 feet. The existing layout includes a large welcoming lobby, a reception area with space for multiple workstations, four private offices, a fully equipped kitchen, two bathrooms, storage rooms, and attic space. The property has two driveways providing direct access from the main highway, a drive-through window, and on-site parking for 16 spaces. A proposed septic plan allows for expansion to accommodate a restaurant with up to 34 seats. The property is currently leased through 2026, with the tenant covering all expenses, including taxes and insurance. The property is suitable for a restaurant, retail destination, service-based business, medical use, or hospitality concept. Permitted beach commercial uses highlight the possibilities available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kitty Hawk
    County
    Dare
    State
    North Carolina
    Longitude
    -75.6895763
    Latitude
    36.0612624

    Nearby Similar for Sale

    • $340,000

      Move-in Ready Townhouse Condo

      Furnished townhouse-style condo near beach, restaurants, and shops.
      302 Angler Way, Kitty Hawk, NC 27949
      View Details
    • $6,793,000
      4,640 SF

      NNN Leased Investment Opportunity

      NNN leased 7-Eleven with 10 years remaining on lease.
      6100 N Croatan Hwy, Kitty Hawk, NC 27949
      View Details

    FAQs

    What type of property is this?
    Office space - Highly visible commercial property with income and expansion potential.
    Where is this office space located?
    The property is located at 3719 N Croatan Hwy Kitty Hawk, NC.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Prime location on Highway 158 in Kitty Hawk with exceptional exposure and high traffic.; - Zoned General Beach Commercial (BC-2) allowing for a broad spectrum of uses including restaurant, retail, medical, and hospitality.; - Currently leased through 2026 with tenant covering all expenses, providing immediate income.
    (252) 202-6165
    Request Owner's contact information
    3719 N Croatan Hwy Kitty Hawk, NC 27949
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    Kitty Hawk, NC 27949
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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
    3719 N Croatan Hwy Kitty Hawk, NC 27949
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    We can help!
    Listing Contact
    Edith Rowe
    Edith Rowe
    Real Estate License ID: 188824
    (252) 202-6165
    Learn more
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