320 Salter Path Road #E, Pine Knoll Shores, NC 28512

Building Details

Building Size 335 SF More

Year Built 1989 More

Listing Agency: Keller Williams Crystal Coast

Listed By: Katrina O'Conor · License NC #239793 Show Phone

Source: Eddymyers

Added: Oct 20 Changed: Nov 7 Last Checked: Nov 12 at 8:38PM

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Investment Insights

Based on property information with market context.

Suite E is an office unit with a conference room and a greeting area. The building includes an elevator, and the suite may be combined with suite D to create a larger office configuration.

The property is at 320 Salter Path Road in Pine Knoll Shores, North Carolina. It is zoned B and was built in 1989.

Key Highlights

• Suite E may be combined with suite D for a larger office
• Conference room and greeting area
• Elevator in the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,186

Suggested Prices Based on Cap Rates

Cap Rate 5%

$103,720 $103.7K

Cap Rate 7%

$74,086 $74.1K

Cap Rate 9%

$57,622 $57.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 335 SF

Gross rent

$8.0K $24.00/SF

− Vacancy

−$1.1K −$3.36/SF

EGI

$6.9K $20.64/SF

− OpEx

−$1.7K −$5.16/SF

NOI

$5.2K $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%

$103,720

Cap Rate 7%

$74,086

Cap Rate 9%

$57,622

Alternative Uses

Best Use

Office B

$74.1K

$64.8K – $86.4K (±1% cap)

NOI $5,186 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$100.5K

$87.9K – $117.3K (±1% cap)

NOI $7,035 @ 7.0% cap

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

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Explore this area Business Placement

Demographics for 28512, NC

3,011

Population

8,944

Households

0.3

Avg Household Size

61

Median Age

56%

College-Educated

99%

High-School Grad

6.1 sq mi

ZIP Area

494

Density / Sq Mi

$80,375

Median Household Income

$45,075

Median Earnings

$1,008

Median Rent

$529,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - A 1989 office suite offers a reception area, elevator access, and the option to combine with suite D.

Where is this office unit located?

The property is located at 320 Salter Path Road #E Pine Knoll Shores, NC.

What are key features of this property?

This property features: Suite E may be combined with suite D for a larger office; Conference room and greeting area; Elevator in the building