Live-Work Space with Open
For Sale
$200,000
100 Earl Avenue, Beaufort, NC 28516
COMMERCIAL - Beaufort, NC
Property Size656 SF
Lot Size0.06 Acres
Price / SF$304.88
Days on Market172
Property Features for 100 Earl Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Subdivision
Taylor Park
Lot features
Corner Lot
Directions
Directions to Property: Take Hwy 70 to Hwy 101. Left on Earl Avenue. Property is located on the right.
Standard status
Active
APN
730611565200000
Size
656 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PART L10 TAYLOR'S PARK
Tax Annual Amount
380
Legal Description
PART L10 TAYLOR'S PARK
Utilities
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1971
Building materials
Block, Vinyl Siding
Roof type
Shingle
Listing Agency:
Coldwell Banker Sea Coast Advantage
(910) 378-0455
Listed By:
Marvelous Realty LLC
(443) 365-6241
Added: Feb 28
Changed: Aug 19
Last Checked: Aug 19 at 11:06PM
MLS# 100557289
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 656-square-foot live-work property provides an open main area within a compact commercial and residential format. The space previously operated as a barber shop and may accommodate business activity or residential use, subject to applicable requirements. Block and vinyl siding construction, a shingle roof, and a 1971 build date define the property’s physical profile.
The property is located at 100 Earl Avenue in Beaufort, North Carolina, on a 0.056-acre lot. It carries C zoning and receives public water service. Heating is provided by a wall furnace with electric heat, while cooling is available through wall or window units.
The property is located at 100 Earl Avenue in Beaufort, North Carolina, on a 0.056-acre lot. It carries C zoning and receives public water service. Heating is provided by a wall furnace with electric heat, while cooling is available through wall or window units.
Key Highlights
- 656 SF live‑work property on a 0.056‑acre lot
- C zoning with public water service
- Open main area supporting commercial or residential use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,155
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - C-zoned property with public water service, flexible interior use, and wall or window heating and cooling.
Where is this live-work space 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 SF live‑work property on a 0.056‑acre lot; C zoning with public water service; Open main area supporting commercial or residential use
