24251 Atlantic Dr Rodanthe, NC 27968
This exceptional 1.84-acre oceanfront property in Rodanthe, NC, presents a unique investment opportunity. The iconic Rodanthe Pier, established in the 1960s, boasts approximately 500 feet of oceanfront expanse, offering breathtaking Atlantic views. Its rich history and prominent location make it a beloved destination, featured in popular films and attracting visitors year-round. The property's substantial size allows for significant development potential, subject to local regulations, potentially including a boutique hotel, resort, or exclusive oceanfront residences. The pier's current net operating income is $160,000. This prime location offers unparalleled access to the Outer Banks' natural beauty, including pristine beaches, diverse wildlife, and world-class surfing and fishing. Nearby amenities include charming shops, restaurants, and historical sites. This is a rare chance to acquire a piece of Outer Banks history and a highly sought-after coastal real estate asset. The property's potential for redevelopment, combined with its current income stream, makes it an exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.