Versatile Retail and Office
For Sale
Contact for pricing
18-300 Medical Park Ct, Morehead City, NC 28557
Flexible interior layout with a fully fenced backyard and convenient access to main road traffic.
Property Size2,000 SF
Lot Size0.32 Acres
Price / SF$1.35
Days on Market175
Property Features for 18-300 Medical Park Ct
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.32 Acres
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,180
Amenities
fully fenced in backyard
Listing Agency:
John Vesco Inc.
(252) 444-3790
Listed By:
Wyatt Rike · License #283567
(252) 304-6552
Source:
Exprealty
Added: Apr 30
Changed: Oct 7
Last Checked: Oct 20 at 9:08PM
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 John Vesco Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This versatile commercial property at 18-300 Medical Park Ct offers a flexible layout suited for office, retail, or service-based businesses. The property includes heated interior space and a fully fenced in backyard that can support day-to-day work or breaks.
Located in the Morehead City area, the property benefits from steady local and visitor activity, with convenient access to main roads and local traffic corridors.
The combination of indoor space and fenced outdoor area provides a practical configuration for businesses seeking an adaptable footprint in an active commercial setting.
Located in the Morehead City area, the property benefits from steady local and visitor activity, with convenient access to main roads and local traffic corridors.
The combination of indoor space and fenced outdoor area provides a practical configuration for businesses seeking an adaptable footprint in an active commercial setting.
Key Highlights
- Lot size 13,983 SF (200x70x200x70) with a fully fenced backyard
- Heated interior space of 2,000 SF with a flexible layout
- Suitable for office, retail, or service‑based businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,184
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,680
$463.7K
Cap Rate 7%
$331,200
$331.2K
Cap Rate 9%
$257,600
$257.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$33.1K $16.56/SF
− OpEx
−$9.9K −$4.97/SF
NOI
$23.2K $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%
$463,680
Cap Rate 7%
$331,200
Cap Rate 9%
$257,600
Alternative Uses
Best Use
Office B
$442.3K
$387.0K – $516.0K
NOI $30,960 @ 7.0% cap · market cap 1,146.67%
Second Best
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 858.67%
Theoretical Best
Office A
$600.0K
$525.0K – $700.0K
NOI $42,000 @ 7.0% cap · market cap 1,555.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28557, NC
14,910
Population
9,168
Households
1.6
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
14.2 sq mi
ZIP Area
1,050
Density / Sq Mi
$67,753
Median Household Income
$38,534
Median Earnings
$1,143
Median Rent
$331,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Seaside Florist and Gifts LLC — 4119 B, Arendell St, Morehead City, NC 28557
- Fountain Dream Flowers — 714 N Forty Rd, Morehead City, NC 28557
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible interior layout with a fully fenced backyard and convenient access to main road traffic.
Where is this storefront property located?
The property is located at 18-300 Medical Park Ct Morehead City, NC.
What are key features of this property?
This property features: Lot size 13,983 SF (200x70x200x70) with a fully fenced backyard; Heated interior space of 2,000 SF with a flexible layout; Suitable for office, retail, or service‑based businesses
