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    Cleared Lot with Metal Building Title is generated by Realmo AI

    730 Chatham Street lot 5, Newport, NC 28570

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    Claim this Listing
    For Sale
    $75,000

    LAND - Newport, NC

    Property size:
    900 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $83/SF
    Added:
    May 23, 2025
    Days on Market:
    392
    Last Refresh:
    Jun 18 at 4:06 am

    Property Features for 730 Chatham Street lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Undeveloped
    Standard status
    Active
    APN
    633920918572000
    Size
    900 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Lot 5 Henry E Mann SD
    Tax Annual Amount
    125

    Building Details

    Additional Structures
    Workshop

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    Listing Contact
    RuthAnn S. Sluss

    Listing agent RuthAnn S. Sluss License #213458

    Listing office John Vesco Inc. 302 E Main St Ste 1A, Havelock, NC

    Listing date May 23, 2025

    MLS# 100509571 Listing URL

    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.

    HighLights

    • Cleared .35 Acre Lot
    • 30x30 Metal Building with Concrete Floor: Featuring two roll‑up doors and a walk‑in man door.
    • No City Taxes
    • No HOA Dues
    • Outside City Limits

    Overview

    This property features a cleared 0.35-acre lot located on Chatham Street in Newport, NC. It includes a 30x30 metal building with two roll-up doors, a walk-in man door, and a concrete floor. The property is outside city limits and has no city taxes or HOA dues. A soil evaluation conducted in September 2025 classified the land as unsuitable for a septic permit. There is no electric, water, or septic currently on the lot. The property is not permitted for residential use.

    Local Financial Insights For Warehouse

    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 $7.6k $8.40
    − Vacancy −$529 −$0.59
    EGI $7.0k $7.81
    − OpEx −$1.1k −$1.17
    NOI $6.0k $6.64
    900 SF · lease $8.40/SF/yr · vacancy 7.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $85.4K
    $74.7K – $99.6K (±1% cap)
    NOI $5,976 @ 7.0% cap · market cap 7.97%
    Second Best
    Industrial
    $75.7K
    $66.3K – $88.4K (±1% cap)
    NOI $5,301 @ 7.0% cap · market cap 7.07%
    Theoretical Best
    Office A
    $270.0K
    $236.3K – $315.0K (±1% cap)
    NOI $18,900 @ 7.0% cap · market cap 25.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Big Box & Wholesale Store Accounting Firm Auto Parts Store Kitchen & Bath Showroom Department Store Bar & Pub Daycare Center HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.867865
    Latitude
    34.80709

    FAQs

    What type of property is this?
    Commercial land - Cleared 0.35-acre lot with metal building in Newport, NC.
    Where is this commercial land located?
    The property is located at 730 Chatham Street lot 5 Newport, NC.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Cleared .35 Acre Lot; 30x30 Metal Building with Concrete Floor: Featuring two roll‑up doors and a walk‑in man door.; No City Taxes
    More about this property
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