Mixed-Use Building with
New
For Sale
$549,000
316 Marsh Street, Beaufort, NC 28516
The building combines commercial space with two residential apartments under one roof.
Property Size1,584 SF
Price / SF$346.59
Days on Market7
Property Features for 316 Marsh Street
General Information
Standard status
Active
Size
1,584 SF
Property subtype
COMMERCIAL
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$2,630
Building Details
Building Size
1,584 SF
Year Built
1935
Buildings
1
Listing Agency:
Wheatly and Combs Premier Properties
Listed By:
Brittany Wheatly · License #325997
(252) 241-7080
Source:
Lindarike
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 4 at 8:51PM
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 Wheatly and Combs Premier Properties
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Investment Insights
Based on property information with market context.
This 1,584-square-foot mixed-use building dates to 1935 and contains commercial space alongside two residential apartments. The commercial portion was previously arranged for a barbershop and a beauty salon, while the apartments provide residential space within the same property.
Located at 316 Marsh Street in Beaufort, the property is a few blocks from the waterfront, shops, and restaurants. All uses are subject to applicable zoning requirements and approvals.
Located at 316 Marsh Street in Beaufort, the property is a few blocks from the waterfront, shops, and restaurants. All uses are subject to applicable zoning requirements and approvals.
Key Highlights
- 1,584‑square‑foot mixed‑use property
- Two residential apartments in the building
- Former commercial layout included a barbershop and beauty salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,362
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,240
$367.2K
Cap Rate 7%
$262,314
$262.3K
Cap Rate 9%
$204,022
$204.0K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$28.5K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$26.2K $16.56/SF
− OpEx
−$7.9K −$4.97/SF
NOI
$18.4K $11.59/SF
Area
Carteret County, NC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,240
Cap Rate 7%
$262,314
Cap Rate 9%
$204,022
Alternative Uses
Best Use
Retail
$262.3K
$229.5K – $306.0K
NOI $18,362 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$169.9K
$148.7K – $198.2K
NOI $11,892 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,264 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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Business Placement
Demographics for 28516, NC
11,204
Population
7,183
Households
1.6
Avg Household Size
52
Median Age
27%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
89
Density / Sq Mi
$63,257
Median Household Income
$36,227
Median Earnings
$869
Median Rent
$292,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial space with two residential apartments under one roof.
Where is this mixed-use property located?
The property is located at 316 Marsh Street Beaufort, 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: 1,584‑square‑foot mixed‑use property; Two residential apartments in the building; Former commercial layout included a barbershop and beauty salon
