Building Details

Year Built 1985

Tenancy Multi

Listing Agency: Ocean Life Realty

Listed By: Tenley E. Grazioli · License #213144 Show Phone

Source: Bradberrygarnerrealestate

Added: Aug 23 Changed: Oct 7 Last Checked: Oct 7 at 3:45PM

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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 Ocean Life Realty

Investment Insights

Based on property information with market context.

This conventional restaurant space occupies the lobby level of Building 1 at the St. Regis oceanfront resort. The unit is currently configured as a casual bar and grill and includes an existing hood system and A/C units, providing established restaurant infrastructure for continued operation or a new concept.

The space serves the 240-unit St. Regis complex, with exposure to resort owners and guests. Monthly HOA services include water, sewer, trash, the master insurance policy, cable, and internet. The property was built in 1985 and is located at 2000 New River Inlet #U1g7 in Sneads Ferry, North Carolina.

Key Highlights

• Located within the St. Regis oceanfront resort complex
• Serves the 240‑unit St. Regis complex
• Building 1 lobby‑level location

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,329

Cap Rate

2.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$506,580 $506.6K

Cap Rate 7%

$361,843 $361.8K

Cap Rate 9%

$281,433 $281.4K

Market Conditions

NOI Build-Up for 1,975 SF

Gross rent

$35.6K $18.00/SF

− Vacancy

−$1.8K −$0.90/SF

EGI

$33.8K $17.10/SF

− OpEx

−$8.4K −$4.27/SF

NOI

$25.3K $12.83/SF

Area

Onslow County, NC

Vacancy

5.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$506,580

Cap Rate 7%

$361,843

Cap Rate 9%

$281,433

Alternative Uses

Best Use

Specialty Retail

$361.8K

$316.6K – $422.2K (±1% cap)

NOI $25,329 @ 7.0% cap · market cap 2.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$429.0K

$375.4K – $500.6K (±1% cap)

NOI $30,033 @ 7.0% cap · market cap 3.43%

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

Property Analytics

Current Use

Ocean's Edge Restaurant ... Restaurant SeaShore Realty Group, ... Vacation Rental St Regis Topsail ... Vacation Rental St. Regis HOA Homeowners' Association Coffee Joy Cafe & Coffee Shop

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Home Appliance Store Grocery & Convenience Store Spa & Massage Center

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

Lease Details

Multi-tenant

Tenancy

Yes

Utilities to site

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28460, NC

12,591

Population

9,134

Households

1.4

Avg Household Size

37

Median Age

38%

College-Educated

96%

High-School Grad

27.9 sq mi

ZIP Area

451

Density / Sq Mi

$86,180

Median Household Income

$50,061

Median Earnings

$1,544

Median Rent

$310,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Lobby-level restaurant space includes an existing hood system and A/C units within the St. Regis resort complex.

Where is this conventional restaurant located?

The property is located at 2000 New River Inlet Road U1g7 Sneads Ferry, NC.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Located within the St. Regis oceanfront resort complex; Serves the 240‑unit St. Regis complex; Building 1 lobby‑level location