Office/Warehouse Flex
118 South Pope Street Atkinson, NC 28421
118 South Pope Street, Atkinson, NC, 28421
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For Sale
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Well-maintained office/warehouse flex space with B-1 Commercial zoning on 0.73 acres in Atkinson.
Property Size2,200 SF
Lot Size0.73 Acres
Price / SF$104.09
Days on Market40
Property Features for 118 South Pope Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 0.73 Acres
- Property subtype
- OFFICE
Listing agency
Creative Commercial Properties, Inc
(910) 622-6258
Listed by
Brian Nadeau · License #334260
(910) 622-6258
Source
Moodyscre
Added: Jun 12 Updated: Jul 20 at 8:32PM Checked: Jul 21 at 2:58AM
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 Creative Commercial Properties, Inc
Investment Insights
Based on property information with market context.
This well-maintained office/warehouse flex building offers approximately 2,200 square feet of space on 0.73 acres. The property is zoned B-1 Commercial and can accommodate commercial or residential use.
The site is located just off Highway 53 in Atkinson. Additional commercial land is available if needed.
The layout supports a combination of office and warehouse functionality, making the property suitable for users seeking both working space and administrative/office space in one facility.
The site is located just off Highway 53 in Atkinson. Additional commercial land is available if needed.
The layout supports a combination of office and warehouse functionality, making the property suitable for users seeking both working space and administrative/office space in one facility.
Key Highlights
- Well‑maintained 2,200 SF office/warehouse on 0.73 acres in Atkinson
- Located just off Highway 53
- B‑1 Commercial zoning allows commercial or residential use
Local Financial Insights For Flex RnD
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 | $34.3k | $15.60 |
| − Vacancy | −$2.3k | −$1.03 |
| EGI | $32.1k | $14.57 |
| − OpEx | −$11.2k | −$5.10 |
| NOI | $20.8k | $9.47 |
2,200 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 35.00%
Alternative Uses
Best Use
Office B
$399.2K
$349.3K – $465.7K
NOI $27,941 @ 7.0% cap · market cap 12.20%
Second Best
Warehouse
$389.2K
$340.6K – $454.1K
NOI $27,247 @ 7.0% cap · market cap 11.90%
Theoretical Best
Multifamily LT 5
$26.94M
$23.57M – $31.43M
NOI $1,885,640 @ 7.0% cap · market cap 823.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Well-maintained office/warehouse flex space with B-1 Commercial zoning on 0.73 acres in Atkinson.
Where is this flex space located?
The property is located at 118 South Pope Street Atkinson, NC.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Well‑maintained 2,200 SF office/warehouse on 0.73 acres in Atkinson; Located just off Highway 53; B‑1 Commercial zoning allows commercial or residential use
