Office Suite with Reception
For Sale
$225,000
5016 E Oak Island Drive, Oak Island, NC 28465
COMMERCIAL - Oak Island, NC
Property Size804 SF
Price / SF$279.85
Days on Market168
Property Features for 5016 E Oak Island Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm/Office
Parking features
Parking Lot
Subdivision
Not In Subdivision
Directions
From 211 Take Swains Cut Bridge- at end of road turn onto East Oak Island Drive , follow East Oak Island Drive to address - located across street from Publix- and just pass the Barbeque House.
Standard status
Active
APN
235mn01110
Size
804 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Bldg-3 U-2 Ph-3 Long Bay Commons Cb-11/54
Tax Annual Amount
1590
HOA Fee
$3,000 Annually
Legal Description
Bldg-3 U-2 Ph-3 Long Bay Commons Cb-11/54
Utilities
Utilities
Water Available
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Number of units
1
Flooring type
Vinyl
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Better Beach Sales & Rentals, Inc.
(910) 278-1147
Listed By:
Dawn J McVicker · License #304812
(843) 518-8168
Added: Feb 12
Changed: Jul 12
Last Checked: Jul 30 at 6:06PM
MLS# 100554235
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.
Investment Insights
Based on property information with market context.
This commercial office suite includes a reception area, a mini kitchen office space, and storage, providing a functional layout for client-facing operations and day-to-day administration. The property is offered with a current tenant in place.
Located at 5016 E Oak Island Drive in Oak Island, the space is positioned across the street from Publix. The offering is within a commercial complex where multiple small businesses operate. The zoning is listed as Comm/Office.
The suite is currently under lease with tenant in effect until June 2027. Appointment is required by the agent for showings. For buyers evaluating an occupied office asset, the existing tenant and lease term provide a defined near-to-medium term holding profile, while the interior configuration supports common small business and office use needs.
Located at 5016 E Oak Island Drive in Oak Island, the space is positioned across the street from Publix. The offering is within a commercial complex where multiple small businesses operate. The zoning is listed as Comm/Office.
The suite is currently under lease with tenant in effect until June 2027. Appointment is required by the agent for showings. For buyers evaluating an occupied office asset, the existing tenant and lease term provide a defined near-to-medium term holding profile, while the interior configuration supports common small business and office use needs.
Key Highlights
- Commercial space across from Publix in Oak Island
- Reception area, mini kitchen, office space, and storage space
- Current lease with tenant in effect until June 2027 (appointment required by agent)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.8k | $20.88 |
| − Vacancy | −$3.2k | −$3.95 |
| EGI | $13.6k | $16.93 |
| − OpEx | −$3.4k | −$4.23 |
| NOI | $10.2k | $12.70 |
804 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$145.9K
$127.6K – $170.2K
NOI $10,211 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.84M
$8.61M – $11.49M
NOI $689,116 @ 7.0% cap · market cap 306.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 28465, NC
8,020
Population
10,482
Households
0.8
Avg Household Size
60
Median Age
45%
College-Educated
97%
High-School Grad
10.9 sq mi
ZIP Area
736
Density / Sq Mi
$83,739
Median Household Income
$49,936
Median Earnings
$1,154
Median Rent
$436,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with reception, mini kitchen, and storage, currently leased through June 2027.
Where is this office units located?
The property is located at 5016 E Oak Island Drive Oak Island, NC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Commercial space across from Publix in Oak Island; Reception area, mini kitchen, office space, and storage space; Current lease with tenant in effect until June 2027 (appointment required by agent)
