457 TOM MANN RD Newport, NC 28570
Self-storage facility in Newport, NC with expansion potential.
- Added:
- May 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 28 at 12:53 pm
Property Features for 457 TOM MANN RD
General Information
- Standard status
- Active
- Size
- 13,850 SF
- Lot size
- 6.48 Acres
- Property subtype
- Self Storage
Building Details
- Year Built
- 2013
Listing office Midcoast Properties Inc
Listing date May 12, 2026
Source Crexi
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 Midcoast Properties Inc
Investment Insights
Based on property information with market context.
Key Highlights
- Expansion Potential: Situated on a 6.48± acre parcel, offering significant opportunity to increase rentable square footage.
- Prime Location: Located in Newport, North Carolina, a burgeoning coastal market experiencing steady population growth.
- Diverse Unit Mix: Includes 114 standard drive‑up and climate‑controlled units, catering to both residential and commercial tenants.
Local Financial Insights For Self Storage
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 | $166.2k | $12.00 |
| − Vacancy | −$13.3k | −$0.96 |
| EGI | $152.9k | $11.04 |
| − OpEx | −$45.9k | −$3.31 |
| NOI | $107.0k | $7.73 |
