Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    206 Miller Blvd Havelock, NC 28532

    Sponsored
    For Sale
    $859,000

    Large commercial space, ideal for various uses.

    Property size:
    12,407 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional commercial property, located at 206 MILLER Boulevard in Havelock, North Carolina, presents a significant opportunity for business owners seeking a substantial space. Boasting a generous 12,407 square feet of interior space, this building sits on a sizable 2.22-acre lot, offering ample room for expansion, parking, or outdoor operations. The property's versatile design makes it suitable for a wide range of commercial ventures. Its prime location in Havelock ensures excellent visibility and accessibility, placing it within easy reach of a thriving community and convenient transportation routes. The asking price is $859,000, representing a compelling investment opportunity in a growing market. The property's size and location make it an attractive prospect for businesses seeking to establish a strong presence in the Havelock area. Serious inquiries are encouraged to explore the potential of this substantial commercial property and its possibilities for future growth and success. The property is classified as General Commercial, offering flexibility in its potential uses. The expansive lot size provides significant potential for future development or expansion of existing operations. This is a rare opportunity to acquire a large, well-situated commercial property in a desirable location.

    Property Features for 206 Miller Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,407 SF
    Lot Size
    96,703 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Trinity Presbyterian Church Presbyterian Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.91467
    Latitude
    34.88335

    Nearby Comparable

    • $264,000
      0.81 Acres

      Commercial Land Near Cherry Point

      Commercial land near MCAS Cherry Point with high traffic volume.
      116 W Main St, Havelock, NC 28532
      View Details
    • $3,100,000

      Havelock Shopping Center For Sale

      Stabilized shopping center near Marine Corps Air Station Cherry Point.
      327 W Main St, Havelock, NC 28532
      View Details
    • $3,110,506
      13,813 SF

      Freestanding Walgreens in Havelock, NC

      Single tenant Walgreens with absolute NNN lease and zero responsibilities.
      101 W Main St, Havelock, NC 28532
      View Details
    • $895,000
      8,000 SF

      Havelock Retail Frontage Investment

      High-traffic, 8,000 SF vacant storefront.
      130 Main St, Havelock, NC 28532
      View Details
    • $380,000
      12.00 Acres

      Havelock Commercial Land For Sale

      Undeveloped commercial land in Havelock, zoned Light Industrial.
      305 Belltown Rd, Havelock, NC 28532
      View Details
    • $679,000
      2,694 SF

      Havelock Restaurant - Hwy 70 East

      Prime Restaurant Space, Hwy 70, Havelock NC
      413 Main St, Havelock, NC 28532
      View Details
    • $290,000
      2.90 Acres

      Havelock NC Commercial Land

      Prime 2.9-acre development site. High traffic, near MCAS Cherry Point.
      230 Main St, Havelock, NC 28532
      View Details
    • $290,000

      Commercial Land on Hwy 70

      2.9+/- acre commercial development site on Hwy 70 East.
      230 E Main St, Havelock, NC 28532
      View Details
    • $290,000
      2 SF

      Prime Commercial Land Opportunity

      Land suitable for storage development near Cherry Point MCAS.
      234 East Main St, Havelock, NC 28532
      View Details
    • $1,700,000
      36.00 Acres

      Havelock Commercial Land Opportunity

      36 Acres, Prime Commercial Location
      Fox Ridge Ct, Havelock, NC 28532
      View Details
    • $1,700,000
      36.00 Acres

      Havelock Land For Development

      36-acre tract suitable for multifamily or single-family development.
      Fox Ridge Ct, Havelock, NC 28532
      View Details
    • $1,700,000
      36.42 Acres

      Havelock Multifamily Investment

      240-unit apartment complex, prime location.
      0 Gray Fox Rd, Havelock, NC 28532
      View Details

    Nearby Similar for Sale

    • $450,000
      0.86 Acres

      Highway 70 Commercial Opportunity

      Commercial property with high visibility and renovation potential on 0.86 acres.
      275 W Us 70 Hwy W, Havelock, NC 28532
      View Details
    • $3,110,506
      13,813 SF

      Freestanding Walgreens in Havelock, NC

      Single tenant Walgreens with absolute NNN lease and zero responsibilities.
      101 W Main St, Havelock, NC 28532
      View Details
    • $325,000
      1.08 Acres

      Commercial Land in Havelock, NC

      Commercial lot suitable for gas station, supermarket, or mini-mart.
      6044025 U.S Hwy 70 W, Havelock, NC 28532
      View Details
    • $3,100,000

      Havelock Shopping Center For Sale

      Stabilized shopping center near Marine Corps Air Station Cherry Point.
      327 W Main St, Havelock, NC 28532
      View Details
    • $1,700,000
      36.00 Acres

      Havelock Commercial Land Opportunity

      36 Acres, Prime Commercial Location
      Fox Ridge Ct, Havelock, NC 28532
      View Details
    • $375,000
      850 SF

      Havelock Highway Commercial Property

      Prime Havelock location, 850 sq ft building on 0.61 acres.
      567 Us 70 Hwy, Havelock, NC 28532
      View Details
    • $1,700,000
      36.42 Acres

      Havelock Multifamily Investment

      240-unit apartment complex, prime location.
      0 Gray Fox Rd, Havelock, NC 28532
      View Details
    • $450,000

      Havelock Mixed-Use Investment Opportunity

      Four-unit apartment building near MCAS Cherry Point.
      201 Shipman Marine Corps Air Sta, Marine Corps Air Station Cherry Point, NC 28532
      View Details
    • $895,000
      8,000 SF

      Havelock Retail Frontage Investment

      High-traffic, 8,000 SF vacant storefront.
      130 Main St, Havelock, NC 28532
      View Details
    • $679,000
      2,694 SF

      Havelock Restaurant - Hwy 70 East

      Prime Restaurant Space, Hwy 70, Havelock NC
      413 Main St, Havelock, NC 28532
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Large commercial space, ideal for various uses.
    Where is this commercial real estate located?
    The property is located at 206 Miller Blvd Havelock, NC.
    What is the asking price?
    The asking price for this property is $859,000.
    Request Owner's contact information
    206 Miller Blvd Havelock, NC 28532
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Miller Blvd
    Havelock, NC 28532
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Miller Blvd Havelock, NC 28532
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.