Corner Retail-Office
For Sale
Contact for pricing
Pending
4415 Arendell St, Morehead City, NC 28557
Retail and office property on Arendell Street with corner frontage and 12 parking spaces.
Property Size2,248 SF
Days on Market1336
Property Features for 4415 Arendell St
General Information
Standard status
Pending
Size
2,248 SF
Total Parking Spaces
12
Property subtype
RETAIL
Zoning
CH
Site & Location
Traffic Count
34,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
SVN Efird Commercial Real Esta
(252) 560-9472
Listed By:
Edwin Edwards
(252) 560-9472
Source:
Moodyscre
Added: Dec 3, 2022
Changed: Jul 27
Last Checked: Jul 30 at 10:48AM
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 SVN Efird Commercial Real Esta
Investment Insights
Based on property information with market context.
This corner retail and office property offers combined commercial space with road-facing presence on Arendell Street. The site includes frontage on both Arendell Street and Lake Avenue, supported by 12 parking spaces and city water and sewer service. The property is described as having been previously used for a pet boarding and grooming business.
The location is on Highway 70 East in Morehead City, NC, with over 125 feet of road frontage on Arendell Street. Reported average daily traffic is 34,500 vehicles per day according to NCDOT, providing strong visibility from the area’s main thoroughfare.
The property is zoned CH—Highway Commercial, and it is positioned for convenient access given its street-front configuration and dedicated parking on site.
The location is on Highway 70 East in Morehead City, NC, with over 125 feet of road frontage on Arendell Street. Reported average daily traffic is 34,500 vehicles per day according to NCDOT, providing strong visibility from the area’s main thoroughfare.
The property is zoned CH—Highway Commercial, and it is positioned for convenient access given its street-front configuration and dedicated parking on site.
Key Highlights
- Retail/office location on Hwy 70 East in Morehead City, NC
- Corner property with frontage on Arendell Street and Lake Avenue
- Over 125+/- ft of road frontage on Arendell Street
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $24.00 |
| − Vacancy | −$7.6k | −$3.36 |
| EGI | $46.4k | $20.64 |
| − OpEx | −$11.6k | −$5.16 |
| NOI | $34.8k | $15.48 |
2,248 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$497.1K
$435.0K – $580.0K
NOI $34,799 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$372.3K
$325.7K – $434.3K
NOI $26,059 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$674.4K
$590.1K – $786.8K
NOI $47,208 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
34,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office property on Arendell Street with corner frontage and 12 parking spaces.
Where is this retail space located?
The property is located at 4415 Arendell St Morehead City, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Retail/office location on Hwy 70 East in Morehead City, NC; Corner property with frontage on Arendell Street and Lake Avenue; Over 125+/- ft of road frontage on Arendell Street
