Two-Building Storefront
4317 Arendell Street, Morehead City, NC 28557
For Sale
New
$750,000
The corner parcel includes paved parking and frontage along the Highway 70 commercial corridor.
Property Size4,570 SF
Lot Size0.32 Acres
Price / SF$164.11
Days on Market7
Property Features for 4317 Arendell Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Sarvey Realty Group
Listed By:
John George Suralik IV · License #298530
(252) 916-2700
Source:
Lindarike
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 6 at 4:31PM
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 Sarvey Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two commercial structures occupy this 0.317-acre corner parcel in Morehead City. One is a two-story building with multiple storefronts; the other is a freestanding, 12-sided building. Paved parking serves the property.
The site is on Highway 70 in an established commercial area, with downtown Morehead City and the Crystal Coast waterfront described as minutes away. The property was built in 1972.
The site is on Highway 70 in an established commercial area, with downtown Morehead City and the Crystal Coast waterfront described as minutes away. The property was built in 1972.
Key Highlights
- Two commercial buildings on a 0.317‑acre corner parcel
- Two‑story building with multiple storefronts
- Separate freestanding building with a 12‑sided design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,975
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,500
$1.1M
Cap Rate 7%
$756,786
$756.8K
Cap Rate 9%
$588,611
$588.6K
Market Conditions
NOI Build-Up for 4,570 SF
Gross rent
$82.3K $18.00/SF
− Vacancy
−$6.6K −$1.44/SF
EGI
$75.7K $16.56/SF
− OpEx
−$22.7K −$4.97/SF
NOI
$53.0K $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%
$1,059,500
Cap Rate 7%
$756,786
Cap Rate 9%
$588,611
Alternative Uses
Best Use
Retail
$756.8K
$662.2K – $882.9K
NOI $52,975 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,970 @ 7.0% cap · market cap 12.80%
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
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 12%
Bojangles' Famous Chicken 'n Biscuits
Dining
18,924 visits/mo
0.1 miles
Taco Bell
Dining
10,843 visits/mo
0.5 miles
Smithfield's Chicken 'N Bar-B-Q
Dining
10,464 visits/mo
0.3 miles
Burger King
Dining
7,973 visits/mo
0.2 miles
Cook Out
Dining
7,116 visits/mo
0.3 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Seaside Florist and Gifts LLC — 4119 B, Arendell St, Morehead City, NC 28557
- Sandy's Flower Shoppe — 4702 Arendell St Ste. A, Morehead City, NC 28557
Frequently Asked Questions
What type of property is this?
Storefront property - The corner parcel includes paved parking and frontage along the Highway 70 commercial corridor.
Where is this storefront property located?
The property is located at 4317 Arendell Street Morehead City, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two commercial buildings on a 0.317‑acre corner parcel; Two‑story building with multiple storefronts; Separate freestanding building with a 12‑sided design
