Office Unit Across from
5016 E Oak Island Drive, Oak Island, NC 28465
For Sale
$225,000
Commercial Sale, Oak Island, NC
Property Size804 SF
Price / SF$279.85
Days on Market272
Property Features for 5016 E Oak Island Drive
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Better Beach Sales & Rentals, Inc.
(910) 278-1147
Listed By:
Dawn J McVicker · License NC #304812
(843) 518-8168
Added: Feb 12
Changed: Oct 30
Last Checked: Nov 10 at 6:06PM
MLS# 100554235
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 804-square-foot office unit, completed in 2006, combines a reception area with office space, a mini kitchen, and dedicated storage. Vinyl flooring, central air, electric heat-pump service, and a shingle roof are among the existing improvements. The property has a wood-frame structure with vinyl siding and access to public water.
Positioned across from Publix on E Oak Island Drive in Oak Island, the unit is within a commercial complex where multiple small businesses operate. On-site parking is provided, and water is available. A tenant lease remains in place through June 2027, making the property an occupied office investment with an established use.
Positioned across from Publix on E Oak Island Drive in Oak Island, the unit is within a commercial complex where multiple small businesses operate. On-site parking is provided, and water is available. A tenant lease remains in place through June 2027, making the property an occupied office investment with an established use.
Key Highlights
- 804 SF office unit completed in 2006
- Reception area, mini kitchen, office space, and storage
- Current tenant lease extends through June 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,211
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,220
$204.2K
Cap Rate 7%
$145,871
$145.9K
Cap Rate 9%
$113,456
$113.5K
Market Conditions
NOI Build-Up for 804 SF
Gross rent
$16.8K $20.88/SF
− Vacancy
−$3.2K −$3.95/SF
EGI
$13.6K $16.93/SF
− OpEx
−$3.4K −$4.23/SF
NOI
$10.2K $12.70/SF
Area
Brunswick County, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,220
Cap Rate 7%
$145,871
Cap Rate 9%
$113,456
Alternative Uses
Best Use
Office B
$145.9K
$127.6K – $170.2K
NOI $10,211 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.2K
$176.1K – $234.7K
NOI $14,084 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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Business Placement
Demographics for 28465, NC
8,020
Population
10,482
Households
0.8
Avg Household Size
60
Median Age
45%
College-Educated
97%
High-School Grad
10.9 sq mi
ZIP Area
736
Density / Sq Mi
$83,739
Median Household Income
$49,936
Median Earnings
$1,154
Median Rent
$436,200
Median Home Value
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Market
Properties on Market for Office Units in Brunswick County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with reception, kitchenette, workspace, storage, central air, and parking lot access.
Where is this office unit located?
The property is located at 5016 E Oak Island Drive Oak Island, NC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 804 SF office unit completed in 2006; Reception area, mini kitchen, office space, and storage; Current tenant lease extends through June 2027
