Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    153 Beaufort Ct, Unit 3 Morehead City, NC 28557

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $465,000

    Updated condo with sound views, community pool, and tennis courts.

    Property size:
    1,991 SF

    Property Features for 153 Beaufort Ct

    General Information

    Standard status
    Pending
    Size
    1,991 SF

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Bailey Basnight Real Estate
    Bailey Basnight Real Estate
    Source: Exitrealty

    Listing Agency: Coldwell Banker Sea Coast AB Listing Agent: Bailey Basnight Real Estate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Charming Updated Condo with Amenities

    This charming retreat is located in a sound side condo complex situated atop one of the highest bluffs in Carteret County. The property features abundant windows that offer views of mature azaleas and landscaping, providing natural light throughout. The interior has been updated, starting with a welcoming entry and a kitchen with an eat-in bar that opens to the spacious living and dining areas. The dining room includes a wet bar with lighting, and the living room opens to a private patio that can be extended for views of the sound. There are two bedrooms on the second floor, one with new windows, each having its own updated bath. The primary suite, located on the third floor, features hardwood floors, a walk-in closet, and a completely new bath. Oak Bluffs' amenities include a pier for viewing sunrises and sunsets, a community pool, tennis and pickleball courts, kayak storage, and a playground. Boat storage across Hwy 24 is available on a first come, first serve basis for a rental fee. There are currently two boat slips available for rent in the Brandywine Marina. The property size is 1991 square feet.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Pharmacy Kitchen & Bath Showroom Electrical Service Bakery Garden Center Car Rental Facility Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.8333626
    Latitude
    34.7289698

    Nearby Similar for Sale

    • $563,900
      3,644 SF

      Income Property in Morehead City

      Income-producing property with five separate units in a prime location.
      106 N 9Th St, Morehead City, NC 28557
      View Details
    • $499,900

      Turn-Key Restaurant Business Opportunity

      Established restaurant for sale in prime Morehead City location.
      5380 Hwy 70 W, Morehead City, NC 28557
      View Details
    • $420,000
      2,318 SF

      Move-in Ready Morehead City Office

      Office building in the heart of Morehead City, North Carolina.
      403 N 35Th St, Morehead City, NC 28557
      View Details
    • Contact for pricing
      5,880 SF

      Downtown Morehead City Office Space

      Office space for lease in downtown Morehead City.
      911 Arendell St, Morehead City, NC 28557
      View Details
    • $2,375,000

      Industrial Building on Corner Lot

      15,750 SF industrial building on 3.82-acre corner lot.
      301 Facility Dr, Morehead City, NC 28557
      View Details
    • $420,000
      2,318 SF

      Morehead City Office Building

      Prime Medical/Creative Office Space
      403 35Th St, Morehead City, NC 28557
      View Details
    • Contact for pricing
      Pending

      Income Producing Strip Mall

      High-traffic strip mall with nine bays and ample parking.
      5448 Hwy 70 W, Morehead City, NC 28557
      View Details
    • $1,750,000
      5,540 SF

      Morehead City Mixed-Use Gem

      Historic Downtown B&B, Huge Potential
      500 Arendell St, Morehead City, NC 28557
      View Details
    • $2,550,000
      13,813 SF

      2904 Arendell St

      Lifestyle centers • 13,813 SF
      2904 Arendell St, Morehead City, NC 28557
      View Details
    • $450,000
      2,248 SF

      Morehead City Retail Corner Lot

      High-traffic Hwy 70 E retail space. Vacant, ready for your business.
      4415 Arendell St, Morehead City, NC 28557
      View Details

    FAQs

    What type of property is this?
    Residential income property - Updated condo with sound views, community pool, and tennis courts.
    Where is this residential income property located?
    The property is located at 153 Beaufort Ct, Unit 3 Morehead City, NC.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Updated throughout, including kitchen and all bathrooms.; - The primary suite on the 3rd floor features hardwood floors, walk-in closet, and completely new bath.; - Community amenities include a pier, pool, tennis/pickleball courts, kayak storage, and playground.
    (252) 515-0502
    Request Owner's contact information
    153 Beaufort Ct, Unit 3 Morehead City, NC 28557
    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.
    153 Beaufort Ct, Unit 3
    Morehead City, NC 28557
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    153 Beaufort Ct, Unit 3 Morehead City, NC 28557
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bailey Basnight Real Estate
    Bailey Basnight Real Estate
    Real Estate License ID: 281517
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!