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    Versatile Office Building in Morehead Title is generated by Realmo AI

    4725 Country Club Road, Morehead City, NC 28557

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    For Lease
    $7,500/Mo $23 SF/Yr (calc)

    COMMERCIAL - Morehead City, NC

    Property size:
    3,881 SF
    Lot size:
    0.96 Acres
    Added:
    May 6, 2026
    Days on Market:
    5
    Last Refresh:
    May 10 at 10:06 pm

    Property Features for 4725 Country Club Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    comm
    Parking
    30
    Parking features
    Off Street, Parking Lot
    Standard status
    Active
    APN
    636610469016000
    Size
    3,881 SF
    Lot size
    0.96 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT - COUNTRY CLUB / BRIDGES MOREHEAD CITY
    Tax Annual Amount
    4617
    Expense value
    15000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Number of units
    1
    Building materials
    Brick, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Meredith L Reilly

    Listing agent Meredith L Reilly License #158116

    Listing office eXp Realty 1213 Culbreth Dr. Suite 109, Charlotte, NC

    Listing date May 6, 2026

    MLS# 100572621

    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.

    HighLights

    • 3,800 sq ft office building in a highly desirable location.
    • Versatile layout suitable for medical, wellness, or general business use.
    • First floor features 4‑5 private offices/treatment rooms, two lab areas, kitchen/break room, and multiple restrooms.
    • Recent upgrades include LVP flooring and fresh interior paint.
    • Second floor includes two large office spaces and a full bathroom.
    • Built in 2008 with brick and wood frame construction, off‑street parking, and heat pump heating/cooling.

    Overview

    This well-maintained office building offers 3,881 square feet of space in a desirable location. The property features a spacious reception area and a versatile layout suitable for various business needs. The first floor includes 4 to 5 private offices or treatment rooms, two designated lab areas, a kitchen/break room, and multiple restrooms. The second floor offers two generously sized office spaces and a full bathroom. Recent upgrades include luxury vinyl plank flooring and fresh interior paint throughout most of the building. Previously utilized as medical offices for several years, the property is well-suited for healthcare professionals, wellness practitioners, or any business seeking a versatile layout. The property is zoned for commercial use and situated on a 0.96-acre lot in Morehead City, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hester T Oma ... Physician Arrowood Jr John ... Physician Sandra Royle-Tabak Physician Grady R Dwight ... Physician Rebecca Weston Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.786344
    Latitude
    34.735599

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    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained 3,881 SF office building, ideal for medical or professional use.
    Where is this medical office space located?
    The property is located at 4725 Country Club Road Morehead City, NC.
    What is the lease rate?
    The lease rate is $7,500 /Mo.
    What are key features of this property?
    This property features: 3,800 sq ft office building in a highly desirable location.; Versatile layout suitable for medical, wellness, or general business use.; First floor features **4‑5 private offices/treatment rooms**, two lab areas, kitchen/break room, and multiple restrooms.
    (252) 659-2013
    We can help!
    Listing Contact
    Meredith L Reilly
    Real Estate License ID: 158116
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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