Office and Warehouse on Hwy
For Sale
$3,600,000
6260 Ocean W, Ocean Isle Beach, NC 28469
19,200 SF office and warehouse space on Hwy 17.
Property Size19,200 SF
Price / SF$187.50
Days on Market441
Property Features for 6260 Ocean W
General Information
Standard status
Active
Size
19,200 SF
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
SLOANE COMMERCIAL
Listed By:
MICHAEL J ABUSHAKRA
Source:
Corcoran
Added: May 16, 2025
Changed: Jul 10
Last Checked: Jul 30 at 6:52AM
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 SLOANE COMMERCIAL
Investment Insights
Based on property information with market context.
This property features approximately 19,200 square feet of office and warehouse space, situated on a corner lot along Highway 17. The office area is well-equipped, including a reception area, multiple offices, conference rooms, a break area, and floored storage space on the upper level. The property includes two attached warehouse spaces. The first warehouse offers approximately 5,000 square feet of space and is accessible via two drive-in doors, one measuring 14 feet tall and the other 10 feet tall, both 14 feet wide. The second warehouse provides approximately 8,200 square feet of space and features a trailer-height loading dock with three rollup doors, each 12 feet tall. One door is 18 feet wide, while the other two are 12 feet wide. Note that all measurements are approximate, and the actual square footage should be confirmed by the buyer.
Key Highlights
- Approximately 19,200 SF of office and warehouse space.
- Located on a hard corner on Hwy 17.
- Two warehouse spaces: ~5,000 SF with two drive‑in doors and ~8,200 SF with a trailer height loading dock and three rollup doors.
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 | $400.9k | $20.88 |
| − Vacancy | −$75.8k | −$3.95 |
| EGI | $325.1k | $16.93 |
| − OpEx | −$81.3k | −$4.23 |
| NOI | $243.8k | $12.70 |
19,200 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.48M
$3.05M – $4.06M
NOI $243,845 @ 7.0% cap · market cap 6.77%
Second Best
Warehouse
$3.40M
$2.97M – $3.96M
NOI $237,789 @ 7.0% cap · market cap 6.61%
Theoretical Best
Multifamily LT 5
$235.09M
$205.71M – $274.27M
NOI $16,456,492 @ 7.0% cap · market cap 457.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28469, NC
8,171
Population
8,730
Households
0.9
Avg Household Size
63
Median Age
39%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
318
Density / Sq Mi
$87,285
Median Household Income
$41,936
Median Earnings
$948
Median Rent
$413,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 19,200 SF office and warehouse space on Hwy 17.
Where is this flex space located?
The property is located at 6260 Ocean W Ocean Isle Beach, NC.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Approximately 19,200 SF of office and warehouse space.; Located on a hard corner on Hwy 17.; Two warehouse spaces: ~5,000 SF with two drive‑in doors and ~8,200 SF with a trailer height loading dock and three rollup doors.
