Furnished Office Unit with Ocean
For Sale
Under Contract
$140,000
110 West Drive, Atlantic Beach, NC 28512
Commercial Sale, Atlantic Beach, NC
Property Size370 SF
Lot Size0.01 Acres
Price / SF$378.38
Days on Market169
Property Features for 110 West Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Cir-B
Subdivision
The Lookouts in The Grove
View
Ocean
Directions
From Morehead City, Go over Atlantic Beach Bridge, Continue Straight onto West Drive, Unit B will be on your Right.
Standard status
Active Under Contract
APN
637516934366000
Size
370 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
U18B LOOKOUTS IN THE GROVE PH3 ATLANTIC BEACH
HOA Fee
$860 Annually
Legal Description
U18B LOOKOUTS IN THE GROVE PH3 ATLANTIC BEACH
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
private restroom
ocean views
Building Details
Year built
2017
Flooring type
Wood
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
HTR Coastal Properties
(252) 648-6565
Listed By:
Team Judy K. · License #233057
(919) 320-7091
Added: Apr 29
Changed: Oct 7
Last Checked: Oct 14 at 6:06PM
MLS# 100570247
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 370-square-foot office unit is located within a mixed-use community that combines residential and commercial spaces. The property is offered furnished and includes a private restroom, wood flooring, wood-frame construction, and a heat pump serving both heating and cooling needs. Public water service and a shingle roof are also in place, with construction completed in 2017.
The office is situated in Atlantic Beach near restaurants and shops, with sidewalks providing access toward the beach. Current ocean views add a coastal setting to the workspace. Cir-B zoning applies to the property.
The office is situated in Atlantic Beach near restaurants and shops, with sidewalks providing access toward the beach. Current ocean views add a coastal setting to the workspace. Cir-B zoning applies to the property.
Key Highlights
- 370 square feet of office space
- Furnished office unit with a private restroom
- Current ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,728
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,560
$114.6K
Cap Rate 7%
$81,829
$81.8K
Cap Rate 9%
$63,644
$63.6K
Market Conditions
NOI Build-Up for 370 SF
Gross rent
$8.9K $24.00/SF
− Vacancy
−$1.2K −$3.36/SF
EGI
$7.6K $20.64/SF
− OpEx
−$1.9K −$5.16/SF
NOI
$5.7K $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%
$114,560
Cap Rate 7%
$81,829
Cap Rate 9%
$63,644
Alternative Uses
Best Use
Office B
$81.8K
$71.6K – $95.5K
NOI $5,728 @ 7.0% cap · market cap 4.09%
Second Best
Mixed Use
$39.7K
$34.7K – $46.3K
NOI $2,778 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$111.0K
$97.1K – $129.5K
NOI $7,770 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 28512, NC
3,011
Population
8,944
Households
0.3
Avg Household Size
61
Median Age
56%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
494
Density / Sq Mi
$80,375
Median Household Income
$45,075
Median Earnings
$1,008
Median Rent
$529,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Small professional workspace in a mixed-use community near restaurants, shops, and sidewalk beach access.
Where is this office units located?
The property is located at 110 West Drive Atlantic Beach, NC.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 370 square feet of office space; Furnished office unit with a private restroom; Current ocean views
