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Property profile & analytics
OFF-MARKET
Commercial real estate

24251 Atlantic Dr Rodanthe, NC 27968

1.84 ac lot Built 1980
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1980
Lot 1.84 ac (80,150 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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