Flex Property with Storage
For Sale
$549,000
213 Us 70 W, Havelock, NC 28532
Office, shop, and storage improvements support varied commercial operations with access to major routes.
Property Size4,032 SF
Price / SF$136.16
Days on Market80
Property Features for 213 Us 70 W
General Information
Standard status
Active
Size
4,032 SF
Building Details
Year Built
1986
Listing Agency:
Keller Williams Realty
Listed By:
ROSS BEEBE · License #213811,NORTHCAROLINA
(252) 226-9818
Source:
Ibxcoastalliving
Added: Jul 27
Changed: Sep 13
Last Checked: Oct 12 at 11:19PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This flex property combines a 4,032 SF office and shop building with a separate 2,000 SF storage structure. Constructed in 1986, the improvements provide a combination of administrative, service, workspace, and storage functions for commercial or light industrial operations. The property is currently occupied by a marine service business, while the real estate may support other uses within the stated commercial and service profile.
Positioned on the western side of Havelock at 213 US 70 W, the site offers access to major routes and a visible corridor setting. The additional storage building expands the property’s functional capacity beyond the primary office and shop improvements. Business assets may be acquired separately if desired, with the offering centered on the real estate.
Positioned on the western side of Havelock at 213 US 70 W, the site offers access to major routes and a visible corridor setting. The additional storage building expands the property’s functional capacity beyond the primary office and shop improvements. Business assets may be acquired separately if desired, with the offering centered on the real estate.
Key Highlights
- 4,032 SF office/shop building
- Separate 2,000 SF storage building
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,635
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,700
$892.7K
Cap Rate 7%
$637,643
$637.6K
Cap Rate 9%
$495,944
$495.9K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$81.3K $20.16/SF
− Vacancy
−$12.6K −$3.13/SF
EGI
$68.7K $17.03/SF
− OpEx
−$24.0K −$5.96/SF
NOI
$44.6K $11.07/SF
Area
Craven County, NC
Vacancy
15.52%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,700
Cap Rate 7%
$637,643
Cap Rate 9%
$495,944
Alternative Uses
Best Use
Office B
$1.04M
$912.1K – $1.22M
NOI $72,968 @ 7.0% cap · market cap 13.29%
Second Best
Flex RnD
$637.6K
$557.9K – $743.9K
NOI $44,635 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,054 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28532, NC
20,340
Population
8,677
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
93%
High-School Grad
165.4 sq mi
ZIP Area
123
Density / Sq Mi
$65,772
Median Household Income
$38,839
Median Earnings
$1,270
Median Rent
$193,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office, shop, and storage improvements support varied commercial operations with access to major routes.
Where is this flex space located?
The property is located at 213 Us 70 W Havelock, NC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 4,032 SF office/shop building; Separate 2,000 SF storage building; Built in 1986
