Adaptable Mixed-Use
For Sale
$200,000
100 Earl Avenue, Beaufort, NC 28516
C-zoned property with an adaptable interior and prior barber shop use.
Property Size656 SF
Price / SF$304.88
Days on Market50
Property Features for 100 Earl Avenue
General Information
Standard status
Active
Size
656 SF
Property subtype
Commercial
Zoning
C
Taxes and HOA fees
Annual Taxes
$379
Amenities
No
Yes
Corner Lot
Public
See Remarks
0.06
Vinyl Siding
On Site
Block
Maintained
656.0
Building Details
Year Built
1971
Listing Agency:
Seabolt Real Estate
(843) 301-0013
Listed By:
Paddi Baily
Source:
Baystreetrealtygroup
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 28 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seabolt Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property at 100 Earl Avenue in Beaufort offers 656 of property size within a building constructed in 1971. The space previously operated as a barber shop and includes an open main area that can support commercial or residential occupancy. Its stated potential includes office, salon, boutique, studio, small-business, and live-work applications, subject to applicable requirements. Zoning is designated C, providing the recorded land-use classification for the property.
Key Highlights
- 656 property size
- C zoning
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,155
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,100
$203.1K
Cap Rate 7%
$145,071
$145.1K
Cap Rate 9%
$112,833
$112.8K
Market Conditions
NOI Build-Up for 656 SF
Gross rent
$15.7K $24.00/SF
− Vacancy
−$2.2K −$3.36/SF
EGI
$13.5K $20.64/SF
− OpEx
−$3.4K −$5.16/SF
NOI
$10.2K $15.48/SF
Area
Carteret County, NC
Vacancy
14.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,100
Cap Rate 7%
$145,071
Cap Rate 9%
$112,833
Alternative Uses
Best Use
Office B
$145.1K
$126.9K – $169.3K
NOI $10,155 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$108.6K
$95.1K – $126.7K
NOI $7,604 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$196.8K
$172.2K – $229.6K
NOI $13,776 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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Business Placement
Demographics for 28516, NC
11,204
Population
7,183
Households
1.6
Avg Household Size
52
Median Age
27%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
89
Density / Sq Mi
$63,257
Median Household Income
$36,227
Median Earnings
$869
Median Rent
$292,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-zoned property with an adaptable interior and prior barber shop use.
Where is this mixed-use property located?
The property is located at 100 Earl Avenue Beaufort, NC.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 656 property size; C zoning; Built in 1971
