Single-Level Office
For Sale
Contact for pricing
207 N 35th Street Unit A, Morehead City, NC 28557
The suite includes a half bath, with water and sewer service included.
Property Size950 SF
Price / SF$1.20
Days on Market25
Property Features for 207 N 35th Street Unit A
General Information
Standard status
Active
Size
950 SF
Property subtype
Office
Additional Details
Floor
1st
HOA Fee
$78
Property Use
Office
Building Details
Year Built
1996
Stories
1
Listing Agency:
RE/MAX Ocean Properties
Listed By:
Meredith & Matt Team Johnson · License #210529
(252) 269-9177
Source:
Navigaterealty
Added: Oct 8
Changed: Nov 1
Last Checked: Nov 1 at 4:19PM
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 RE/MAX Ocean Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 950-square-foot office unit is on the first level of a one-story building constructed in 1996. The suite includes a half bath, and water and sewer service are included. A minimum one-year lease term is specified.
The property is at 207 N 35th Street, Unit A, in Professional Court in Morehead City, behind the post office on 35th Street.
The property is at 207 N 35th Street, Unit A, in Professional Court in Morehead City, behind the post office on 35th Street.
Key Highlights
- 950‑square‑foot office unit
- First‑level space in a one‑story building built in 1996
- Includes a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,706
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,120
$294.1K
Cap Rate 7%
$210,086
$210.1K
Cap Rate 9%
$163,400
$163.4K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$22.8K $24.00/SF
− Vacancy
−$3.2K −$3.36/SF
EGI
$19.6K $20.64/SF
− OpEx
−$4.9K −$5.16/SF
NOI
$14.7K $15.48/SF
Area
Carteret County, NC
Vacancy
14.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,120
Cap Rate 7%
$210,086
Cap Rate 9%
$163,400
Alternative Uses
Best Use
Office B
$210.1K
$183.8K – $245.1K
NOI $14,706 @ 7.0% cap · market cap 1,292.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.0K
$249.4K – $332.5K
NOI $19,950 @ 7.0% cap · market cap 1,753.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a half bath, with water and sewer service included.
Where is this office unit located?
The property is located at 207 N 35th Street Unit A Morehead City, NC.
What are key features of this property?
This property features: 950‑square‑foot office unit; First‑level space in a one‑story building built in 1996; Includes a half bath
