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Move-in Ready Morehead City Office

403 N 35th Street, Morehead City, NC 28557

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For Sale

$420,000

Office building in the heart of Morehead City, North Carolina.

Type:Commercial/Industrial

Property size:

2,318 SF

Lot size:

0.29 Acres

Price / SF:

$181/SF

HighLights

Move‑in ready office building in central Morehead City location.
Proximity to local hospital (less than 1/2 mile) and Hwy 70.
Features nine total office spaces across two floors.
Includes kitchenette and 1.5 bathrooms.
Separate internal and external staircases for ingress/egress.
Zoned OP (Office Professional).

We can help!

Listing Contact

Meredith & Matt Team Johnson

For Sale

$420,000

Office building in the heart of Morehead City, North Carolina.

Type:Commercial/Industrial

Property size:

2,318 SF

Lot size:

0.29 Acres

Price / SF:

$181/SF

Added:: Oct 9, 2024
Days on Market:: 612
Last Refresh:: May 19 at 10:09 pm

Property Features for 403 N 35th Street

General Information

Standard status: Active
Size: 2,318 SF
Lot size: 0.29 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1996

We can help!

Listing Contact

Meredith & Matt Team Johnson

Listing agent Meredith & Matt Team Johnson License #210529

Listing office RE/MAX Ocean Properties

Listing date Oct 9, 2024

Source Exitrealty

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 RE/MAX Ocean Properties

HighLights

Move‑in ready office building in central Morehead City location.
Proximity to local hospital (less than 1/2 mile) and Hwy 70.
Features nine total office spaces across two floors.
Includes kitchenette and 1.5 bathrooms.
Separate internal and external staircases for ingress/egress.
Zoned OP (Office Professional).

Overview

This move-in ready office building is located in the heart of Morehead City, North Carolina, just off N. 35th Street and less than 1/2 mile from the local hospital and Hwy 70. The property is zoned OP. The main level features 5 office spaces of various sizes, along with a kitchenette and a bathroom. The second floor offers 4 additional office spaces and another 1/2 bath. An internal stairwell connects the floors, and an exterior staircase in the rear provides separate ingress/egress. The property size is 2318 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$55.6k	$24.00
− Vacancy	−$7.8k	−$3.36
EGI	$47.8k	$20.64
− OpEx	−$12.0k	−$5.16
NOI	$35.9k	$15.48

2,318 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$512.6K

$448.5K – $598.1K (±1% cap)

NOI $35,883 @ 7.0% cap · market cap 8.54%

Second Best

—

no second resolved use

Theoretical Best

Office A

$695.4K

$608.5K – $811.3K (±1% cap)

NOI $48,678 @ 7.0% cap · market cap 11.59%

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

Property Profile Location Intelligence

Current Use by Public Records

The Clinic Physician

Suggested Use

Location Insight

Map
Local Demand

City: Morehead City
County: Carteret
State: North Carolina
Longitude: -76.7548
Latitude: 34.7295

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For sale
Office buildings
NC
Morehead City
28557
403 N 35th Street

What type of property is this?

Office building - Office building in the heart of Morehead City, North Carolina.

Where is this office building located?

The property is located at 403 N 35th Street Morehead City, NC.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Move‑in ready office building in central Morehead City location.; Proximity to local hospital (less than 1/2 mile) and Hwy 70.; Features nine total office spaces across two floors.