Unique Office Space with Rustic
2173 Smith Harbour Drive, Denver, NC 28037
For Sale
$1,265,000
One-of-a-kind office space designed for client entertainment and general business.
Property Size2,494 SF
Price / SF$507.22
Days on Market551
Property Features for 2173 Smith Harbour Drive
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
RE/MAX EXECUTIVE
Listed By:
MICHAEL MORGAN · License NC #219912
(704) 224-6941
Source:
Corcoran
Added: May 9, 2025
Changed: Mar 16
Last Checked: Apr 12 at 2:53PM
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 EXECUTIVE
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 meticulously designed office space, located at the corner of Hwy 16 and Smith Harbour Dr in Denver, NC, offers a unique opportunity for various general business uses. The property features a rustic yet elegant design, highlighted by a stunning lobby with heavy timbers, natural wood ceilings, and a two-story stone fireplace inspired by the Bob Timberlake Gallery. Thoughtful landscaping and a bubbling rock fountain contribute to a calming first impression. The interior includes six offices, with an executive suite featuring glass panel doors, a two-story focal wall, and a private bath. This suite provides patio access with a gas-burning fire boulder, creating an ambiance reminiscent of the Grove Park Inn. Calming neutral tones, durable LVP flooring, two restrooms, and a kitchenette complete the interior. A rare ISM Treasury-rated hidden safe is a standout feature. The 2494 square foot space is suitable for a med/spa, wellness center, professional offices, or a boutique firm seeking a memorable client experience.
Key Highlights
- Unique office space designed to impress clients and suitable for various business uses.
- Executive suite featuring glass panel doors, a striking 2‑story focal wall, and a private bath.
- Lobby featuring heavy timbers, natural wood ceilings, and a 2‑story stone fireplace.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,549
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,980
$711.0K
Cap Rate 7%
$507,843
$507.8K
Cap Rate 9%
$394,989
$395.0K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$52.4K $21.00/SF
− Vacancy
−$5.0K −$2.00/SF
EGI
$47.4K $19.01/SF
− OpEx
−$11.8K −$4.75/SF
NOI
$35.5K $14.25/SF
Area
Lincoln County, NC
Vacancy
9.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,980
Cap Rate 7%
$507,843
Cap Rate 9%
$394,989
Alternative Uses
Best Use
Office B
$507.8K
$444.4K – $592.5K
NOI $35,549 @ 7.0% cap · market cap 2.81%
Second Best
Healthcare Medical
$496.2K
$434.2K – $578.9K
NOI $34,736 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$879.2K
$769.3K – $1.03M
NOI $61,542 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28037, NC
25,596
Population
11,930
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
44.7 sq mi
ZIP Area
573
Density / Sq Mi
$109,779
Median Household Income
$54,345
Median Earnings
$1,126
Median Rent
$455,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office space - One-of-a-kind office space designed for client entertainment and general business.
Where is this office space located?
The property is located at 2173 Smith Harbour Drive Denver, NC.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: Unique office space designed to impress clients and suitable for various business uses.; Executive suite featuring glass panel doors, a striking 2‑story focal wall, and a private bath.; Lobby featuring heavy timbers, natural wood ceilings, and a 2‑story stone fireplace.
