Move-In Ready Office
126 River Rd Vanceboro, NC 28586
For Sale
$195,000
Move-in ready office/commercial property on River Rd near the intersection of Hwy 70 and Hwy 17.
Property Size856 SF
Price / SF$227.80
Days on Market106
Property Features for 126 River Rd
General Information
Standard status
Active
Size
856 SF
Listing Agency:
Lorimee Property & Real Estate
(919) 971-8053
Listed By:
Miranda Goldman
(919) 971-8053
Source:
Exprealty
Added: Apr 16
Changed: Jul 28
Last Checked: Jul 29 at 6:14PM
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 Lorimee Property & Real Estate
Investment Insights
Based on property information with market context.
This move-in ready commercial property is well suited for office use or other business ventures. The site offers ample room for expansion, making it practical for growing operations.
Located just outside New Bern, NC, the property is conveniently positioned between Hwy 70 and Hwy 17, providing straightforward access for daily business needs.
The offering includes a commercial building/property size of 856 square feet, with the balance of the site designed to support future growth.
Located just outside New Bern, NC, the property is conveniently positioned between Hwy 70 and Hwy 17, providing straightforward access for daily business needs.
The offering includes a commercial building/property size of 856 square feet, with the balance of the site designed to support future growth.
Key Highlights
- Move‑in ready office/commercial property on River Rd near the intersection of Hwy 70 and Hwy 17
- Conveniently located between Hwy 70 and Hwy 17, just outside New Bern, NC
- Suitable for office or other business ventures with ample room for expansion
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 | $23.9k | $27.96 |
| − Vacancy | −$3.3k | −$3.83 |
| EGI | $20.7k | $24.13 |
| − OpEx | −$5.2k | −$6.03 |
| NOI | $15.5k | $18.10 |
856 SF · lease $27.96/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$221.3K
$193.6K – $258.2K
NOI $15,491 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.2K
$246.9K – $329.3K
NOI $19,755 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office/commercial property on River Rd near the intersection of Hwy 70 and Hwy 17.
Where is this office building located?
The property is located at 126 River Rd Vanceboro, NC.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Move‑in ready office/commercial property on River Rd near the intersection of Hwy 70 and Hwy 17; Conveniently located between Hwy 70 and Hwy 17, just outside New Bern, NC; Suitable for office or other business ventures with ample room for expansion
