1412 Live Oak Street, Beaufort, NC 28516

Building Details

Year Built 1942 More

Listing Agency: HTR Capital Group Show Phone

Listed By: Andrew Techet · License NC #200977 Show Phone

Source: Baystreetrealtygroup

Added: Dec 19, 2025 Changed: Nov 2 Last Checked: Nov 8 at 4:11AM

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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 HTR Capital Group

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Investment Insights

Based on property information with market context.

This freestanding concrete commercial property contains approximately 3,105 SF of retail/flex area along with approximately 400 SF that could support residential or office use, subject to zoning and permitting. The building has been used for an owner-operated dry-cleaning business and includes a functional layout with on-site parking. The dry-cleaning business is also available for purchase.

The property occupies 0.118± acres at 1412 Live Oak Street in Beaufort, North Carolina. Its central position provides access to downtown Beaufort, U.S. Highway 70, nearby residential areas, waterfront attractions, and local businesses. B-1 zoning supports evaluation for retail, service, professional office, or other compatible commercial applications.

Key Highlights

• 3,105 SF of retail/flex space plus approximately 400 SF of potential residential or office area
• 0.118±-acre site with a freestanding concrete commercial building
• B‑1 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,019

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$760,380 $760.4K

Cap Rate 7%

$543,129 $543.1K

Cap Rate 9%

$422,433 $422.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,105 SF

Gross rent

$62.2K $20.04/SF

− Vacancy

−$3.7K −$1.20/SF

EGI

$58.5K $18.84/SF

− OpEx

−$20.5K −$6.59/SF

NOI

$38.0K $12.24/SF

Area

Carteret County, NC

Vacancy

6.00%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$760,380

Cap Rate 7%

$543,129

Cap Rate 9%

$422,433

Alternative Uses

Best Use

Flex RnD

$543.1K

$475.2K – $633.7K (±1% cap)

NOI $38,019 @ 7.0% cap · market cap 5.07%

Second Best

Retail

$514.2K

$449.9K – $599.9K (±1% cap)

NOI $35,993 @ 7.0% cap · market cap 4.80%

Theoretical Best

Office A

$931.5K

$815.1K – $1.09M (±1% cap)

NOI $65,205 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store Dental Office Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

339

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 28516, NC

11,204

Population

7,183

Households

1.6

Avg Household Size

52

Median Age

27%

College-Educated

89%

High-School Grad

125.7 sq mi

ZIP Area

89

Density / Sq Mi

$63,257

Median Household Income

$36,227

Median Earnings

$869

Median Rent

$292,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Concrete commercial building with retail, service, office, and light-flex potential subject to zoning and permitting.

Where is this flex space located?

The property is located at 1412 Live Oak Street Beaufort, NC.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 3,105 SF of retail/flex space plus approximately 400 SF of potential residential or office area; 0.118±-acre site with a freestanding concrete commercial building; B‑1 zoning