Office Building with Conference
New
For Sale
$319,000
4659 Arendell Street, Morehead City, NC 28557
Commercial Sale, Morehead City, NC
Property Size896 SF
Lot Size0.18 Acres
Price / SF$356.03
Days on Market1
Property Features for 4659 Arendell Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
7
Subdivision
Not In Subdivision
Directions
Head south east on 70 Hwy into Morehead City, and continue on 70 into Arendell Street. Property on the right at crossing of Miami Ave.
Standard status
Active
APN
636615546769000
Size
896 SF
Lot size
0.18 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Description
L1 5 11 15 B35 MOREHEAD BLUFFS
Tax Annual Amount
2402
Legal Description
L1 5 11 15 B35 MOREHEAD BLUFFS
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Propane (Heating)
Cooling system
Central Air
Water source
Public
Amenities
uplighted signage
designated parking
hardwood floors
conference room with sink and coffee area
updated bathroom
new metal roof
updated landscaping
Building Details
Year built
1950
Flooring type
Wood
Building materials
Aluminum Siding, Wood Frame
Roof type
Metal
Listing Agency:
Whitetail Properties Real Estate, LLC
Listed By:
Tracie M Hicks · License #304721
(919) 868-7592
Added: Nov 6
Last Checked: Nov 6 at 10:06AM
MLS# 100614893
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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Investment Insights
Based on property information with market context.
This 896-square-foot office property contains two private offices, a reception area, and a conference room with a sink and coffee station. Wood flooring covers most of the interior, which also includes an updated bathroom. The building has a metal roof, central air, and public water and sewer service.
At 4659 Arendell Street in Morehead City, the property sits on a 0.18-acre parcel. Designated parking and illuminated signage are among its exterior features. The site is zoned Commercial.
At 4659 Arendell Street in Morehead City, the property sits on a 0.18-acre parcel. Designated parking and illuminated signage are among its exterior features. The site is zoned Commercial.
Key Highlights
- 896‑square‑foot office building on a 0.18‑acre parcel
- Two private offices, a reception area, and a conference room with sink and coffee station
- Designated parking and illuminated signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,870
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,400
$277.4K
Cap Rate 7%
$198,143
$198.1K
Cap Rate 9%
$154,111
$154.1K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$21.5K $24.00/SF
− Vacancy
−$3.0K −$3.36/SF
EGI
$18.5K $20.64/SF
− OpEx
−$4.6K −$5.16/SF
NOI
$13.9K $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%
$277,400
Cap Rate 7%
$198,143
Cap Rate 9%
$154,111
Alternative Uses
Best Use
Office B
$198.1K
$173.4K – $231.2K
NOI $13,870 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.8K
$235.2K – $313.6K
NOI $18,816 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
434
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning, client parking, and illuminated signage support business use at this Morehead City property.
Where is this office building located?
The property is located at 4659 Arendell Street Morehead City, NC.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 896‑square‑foot office building on a 0.18‑acre parcel; Two private offices, a reception area, and a conference room with sink and coffee station; Designated parking and illuminated signage
