Office Building with B-1
For Sale
Contact for pricing
1113 Lennoxville Rd, Beaufort, NC 28516
Versatile office building with ample parking and flexible interior layouts, with B-1 zoning allowing Bed & Breakfast use.
Property Size1,666 SF
Price / SF$299.52
Days on Market268
Property Features for 1113 Lennoxville Rd
General Information
Standard status
Active
Size
1,666 SF
Property subtype
OFFICE
Zoning
B-1
Listing Agency:
SVN Efird Commercial Real Esta
(910) 200-0037
Listed By:
James Efird
(910) 200-0037
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Jul 25
Last Checked: Jul 30 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Efird Commercial Real Esta
Investment Insights
Based on property information with market context.
This property is a versatile office building previously utilized as professional office space, with multiple private offices, common areas, and flexible layout options that can be reconfigured for a new owner. The property is offered for sale with B-1 zoning, which allows Bed & Breakfast use.
The building provides ample parking and excellent frontage for convenient access and visibility. It is located minutes from the Beaufort waterfront in a coastal community.
For buyers seeking an adaptable setup, the combination of office-ready interiors and B-1 zoning supports both commercial and hospitality use scenarios, subject to applicable requirements.
The building provides ample parking and excellent frontage for convenient access and visibility. It is located minutes from the Beaufort waterfront in a coastal community.
For buyers seeking an adaptable setup, the combination of office-ready interiors and B-1 zoning supports both commercial and hospitality use scenarios, subject to applicable requirements.
Key Highlights
- B‑1 zoning allows Bed & Breakfast use in addition to commercial uses
- Previously used as professional office space with multiple private offices and common areas
- Flexible interior layout options can be reconfigured to fit a new owner’s needs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.0k | $24.00 |
| − Vacancy | −$5.6k | −$3.36 |
| EGI | $34.4k | $20.64 |
| − OpEx | −$8.6k | −$5.16 |
| NOI | $25.8k | $15.48 |
1,666 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$368.4K
$322.4K – $429.8K
NOI $25,790 @ 7.0% cap · market cap 5.17%
Second Best
Hotel Hospitality
$149.2K
$130.6K – $174.1K
NOI $10,446 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$499.8K
$437.3K – $583.1K
NOI $34,986 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
187
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?
Office building - Versatile office building with ample parking and flexible interior layouts, with B-1 zoning allowing Bed & Breakfast use.
Where is this office building located?
The property is located at 1113 Lennoxville Rd Beaufort, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: B‑1 zoning allows Bed & Breakfast use in addition to commercial uses; Previously used as professional office space with multiple private offices and common areas; Flexible interior layout options can be reconfigured to fit a new owner’s needs
