ADA-Compliant Office
For Sale
Contact for pricing
189 Calabash Rd NW, Calabash, NC 28467
Office building with ADA-compliant layout, generous parking, and fenced yard space along Calabash Road.
Property Size594 SF
Lot Size0.48 Acres
Price / SF$3.70
Days on Market100
Property Features for 189 Calabash Rd NW
General Information
Standard status
Active
Size
594 SF
Lot size
0.48 Acres
Property subtype
Business Opportunity
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1961
Listing Agency:
Alpha Realty Group, LLC
Listed By:
Eleni N Gabriel · License #324096
(843) 855-2535
Source:
Barefootbrokers
Added: Jul 16
Changed: Oct 17
Last Checked: Oct 23 at 1:01PM
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 Alpha Realty Group, LLC
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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 office property includes an ADA-compliant office layout, along with ample parking and storage capacity. The site also features a fenced yard space designed to support practical day-to-day operations.
The building is positioned on Calabash Road with high visibility and high traffic, and it sits adjacent to newly acquired development parcels. The surrounding area is described as experiencing rapid commercial momentum, with expanding big-box stores being built on the corner of Highway 17 just steps away.
As a commercial investment or operating site, the property’s combination of office space, fenced yard, parking, and storage is positioned to complement nearby development activity in the Calabash area.
The building is positioned on Calabash Road with high visibility and high traffic, and it sits adjacent to newly acquired development parcels. The surrounding area is described as experiencing rapid commercial momentum, with expanding big-box stores being built on the corner of Highway 17 just steps away.
As a commercial investment or operating site, the property’s combination of office space, fenced yard, parking, and storage is positioned to complement nearby development activity in the Calabash area.
Key Highlights
- Office building built in 1961
- Located on 0.48 acres with frontage on Calabash Road
- ADA‑compliant office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,544
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,880
$150.9K
Cap Rate 7%
$107,771
$107.8K
Cap Rate 9%
$83,822
$83.8K
Market Conditions
NOI Build-Up for 594 SF
Gross rent
$12.4K $20.88/SF
− Vacancy
−$2.3K −$3.95/SF
EGI
$10.1K $16.93/SF
− OpEx
−$2.5K −$4.23/SF
NOI
$7.5K $12.70/SF
Area
Brunswick County, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,880
Cap Rate 7%
$107,771
Cap Rate 9%
$83,822
Alternative Uses
Best Use
Office B
$107.8K
$94.3K – $125.7K
NOI $7,544 @ 7.0% cap · market cap 342.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.27M
$6.36M – $8.49M
NOI $509,123 @ 7.0% cap · market cap 23,141.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 28467, NC
11,770
Population
8,098
Households
1.5
Avg Household Size
65
Median Age
31%
College-Educated
97%
High-School Grad
17.4 sq mi
ZIP Area
676
Density / Sq Mi
$72,840
Median Household Income
$38,909
Median Earnings
$1,346
Median Rent
$281,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building with ADA-compliant layout, generous parking, and fenced yard space along Calabash Road.
Where is this office building located?
The property is located at 189 Calabash Rd NW Calabash, NC.
What are key features of this property?
This property features: Office building built in 1961; Located on 0.48 acres with frontage on Calabash Road; ADA‑compliant office layout
