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    410 Interpath Pkwy, Unit H Elizabeth City, NC 27909

    View on Map
    Sponsored
    For Lease
    $1,500 /Mo ($128 SF/Yr)

    COMMERCIAL - Elizabeth City, NC

    Property size:
    140 SF
    Lot size:
    0.03 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 11 at 1:06 am

    Property Features for 410 Interpath Pkwy

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    C-1
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    8902 099084
    Parking features
    Off Street
    Size
    140 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Expense value
    3000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2008
    Flooring type
    Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Gene Tick

    IBX Realty LLC (252) 303-3006

    Listing agent Gene Tick (252) 202-7973 License #306646

    Listing date Mar 10, 2026

    MLS# 8108854

    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

    Modern Commercial Space on Interpath

    Located on Interpath Parkway in Elizabeth City, this commercial unit offers 1,200 square feet of well-maintained space. The unit features contemporary finishes and a flexible open layout suitable for office operations, professional services, or retail. The layout can accommodate multiple workstations, a reception area, private offices, or showroom displays. Each unit includes one full bathroom and dedicated storage space. Private lot parking provides convenient access for clients and employees. The location on Interpath Parkway facilitates easy access for deliveries and customer visits, with an accessible lot and ground-level entry enhancing ease of use. The open-plan layout supports flexible tenant improvements and a customized floor plan. The combination of functional storage and clear floor space makes build-out and branding straightforward. The property's location provides access to regional transportation routes and local amenities, making it a practical address for clients and staff traveling from nearby neighborhoods and surrounding counties. Monthly rent is $1,500, with a security deposit required. The unit is not available on a month-to-month basis; lease length options and tenant improvement needs are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    H & R Extinguisher ... Production Facility IBX Auto Care ... Auto Repair Shop ALCOLOCK Ignition Interlock Building Supply Smart Start Ignition ... Building Supply ATLAS Window Tinting Interior Design

    Suggested Use

    Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Skin Care Clinic Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.282765
    Latitude
    36.272245

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    • New
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    FAQs

    What type of property is this?
    Office units - Well-maintained commercial unit ideal for office or retail use.
    Where is this office units located?
    The property is located at 410 Interpath Pkwy, Unit H Elizabeth City, NC.
    What is the lease rate?
    The lease rate is $128 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Interpath Parkway offering high visibility and easy access for clients and employees.; - Flexible 1,200 sq ft open layout suitable for various business types.; - Competitive monthly rent of $1,500 with flexible lease structure options.
    (252) 202-7973
    Request Owner's contact information
    410 Interpath Pkwy, Unit H Elizabeth City, NC 27909
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    Elizabeth City, 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
    410 Interpath Pkwy, Unit H Elizabeth City, NC 27909
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    We can help!
    Listing Contact
    Gene Tick
    Real Estate License ID: 306646
    (252) 202-7973
    Learn more
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