Retail Space For
For Sale
Contact for pricing
129 Nine Foot Rd, Newport, NC 28570
Retail space available for purchase, offering a 7.00% CAP.
Property Size2,834 SF
Price / SF$351.33
Days on Market718
Property Features for 129 Nine Foot Rd
General Information
Standard status
Active
Size
2,834 SF
Property subtype
Retail
Net Operating Income
$69,696
Building Details
Year Built
2011
Listing Agency:
Matthews
Listed By:
Josh Ein · License #DC SP98371724
Source:
Crexi
Added: Oct 18, 2024
Changed: Sep 22
Last Checked: Oct 4 at 9:21AM
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 Matthews
Investment Insights
Based on property information with market context.
This retail space, encompassing 2,834 square feet, is available for purchase. The property offers a 7.00% capitalization rate.
Key Highlights
- 7.00% CAP Rate
- Retail Property
- 2,834 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,852
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,040
$657.0K
Cap Rate 7%
$469,314
$469.3K
Cap Rate 9%
$365,022
$365.0K
Market Conditions
NOI Build-Up for 2,834 SF
Gross rent
$51.0K $18.00/SF
− Vacancy
−$4.1K −$1.44/SF
EGI
$46.9K $16.56/SF
− OpEx
−$14.1K −$4.97/SF
NOI
$32.9K $11.59/SF
Area
Carteret County, NC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,040
Cap Rate 7%
$469,314
Cap Rate 9%
$365,022
Alternative Uses
Best Use
Retail
$469.3K
$410.7K – $547.5K
NOI $32,852 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$850.2K
$743.9K – $991.9K
NOI $59,514 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 28570, NC
21,647
Population
10,819
Households
2
Avg Household Size
46
Median Age
24%
College-Educated
92%
High-School Grad
148.8 sq mi
ZIP Area
145
Density / Sq Mi
$69,018
Median Household Income
$36,753
Median Earnings
$951
Median Rent
$245,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase, offering a 7.00% CAP.
Where is this retail space located?
The property is located at 129 Nine Foot Rd Newport, NC.
What is the asking price?
The asking price for this property is $995,658.
What are key features of this property?
This property features: 7.00% CAP Rate; Retail Property; 2,834 SF
