Multi-Building Storefront
New
For Sale
$750,000
4317 Arendell Street, Morehead City, NC 28557
Commercial Sale, Morehead City, NC
Property Size4,570 SF
Lot Size0.31 Acres
Price / SF$164.11
Days on Market2
Property Features for 4317 Arendell Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Off Street
Subdivision
Morehead Bluffs
View
Water, Marina
Directions
traveling east on Arendell street, turn right into the property.
Standard status
Active
APN
636616834538000
Size
4,570 SF
Lot size
0.31 Acres
Additional Details
Corner Location
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
L1 3 BK21 MOREHEAD BLUFFS
Tax Annual Amount
3624
Legal Description
L1 3 BK21 MOREHEAD BLUFFS
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1972
Flooring type
Tile, Laminate, Carpet
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Buildings
2
Listing Agency:
Sarvey Realty Group
(252) 714-1959
Listed By:
John George Suralik IV · License #298530
(252) 916-2700
Added: Nov 1
Last Checked: Nov 1 at 11:06PM
MLS# 100613758
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 buildings occupy this storefront property at 4317 Arendell Street. One is a two-story building with multiple storefronts; the other is a freestanding structure with a 12-sided footprint. Paved parking is available on site, and the property is zoned Commercial.
The property sits along the Highway 70 commercial corridor in Morehead City. Building construction dates to 1972, with wood-frame construction and wood siding.
The property sits along the Highway 70 commercial corridor in Morehead City. Building construction dates to 1972, with wood-frame construction and wood siding.
Key Highlights
- Two commercial buildings on one property
- Two‑story building contains multiple storefronts
- Separate freestanding building has a 12‑sided footprint
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 site combines a two-story commercial building with a separate, 12-sided structure.
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 one property; Two‑story building contains multiple storefronts; Separate freestanding building has a 12‑sided footprint
