Office Suite with Reception
For Sale
$225,000
5016 E Oak Island Drive, Oak Island, NC 28465
COMMERCIAL - Oak Island, NC
Property Size804 SF
Price / SF$279.85
Days on Market175
Property Features for 5016 E Oak Island Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm/Office
Parking features
Parking Lot
Subdivision
Not In Subdivision
Directions
From 211 Take Swains Cut Bridge- at end of road turn onto East Oak Island Drive , follow East Oak Island Drive to address - located across street from Publix- and just pass the Barbeque House.
Standard status
Active
APN
235mn01110
Size
804 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Bldg-3 U-2 Ph-3 Long Bay Commons Cb-11/54
Tax Annual Amount
1590
HOA Fee
$3,000 Annually
Legal Description
Bldg-3 U-2 Ph-3 Long Bay Commons Cb-11/54
Utilities
Utilities
Water Available
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Number of units
1
Flooring type
Vinyl
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Better Beach Sales & Rentals, Inc.
(910) 278-1147
Listed By:
Dawn J McVicker · License #304812
(843) 518-8168
Added: Feb 12
Changed: Aug 5
Last Checked: Aug 6 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This office suite includes a reception area, mini kitchen, office space, and storage. The unit has vinyl flooring and is served by electric heating and a heat pump, with central air cooling. Construction is vinyl siding with wood frame elements, and the roof is shingle. Parking is available in a parking lot setting.
The suite is located at 5016 E Oak Island Drive in Oak Island, Brunswick County. Public remarks indicate a current lease with a tenant in effect until June 2027, with appointment required by the agent. Utilities include water available, with water sourced from the public system.
Built in 2006, this is a Comm/Office-zoned space within a larger commercial complex where multiple small businesses operate.
The suite is located at 5016 E Oak Island Drive in Oak Island, Brunswick County. Public remarks indicate a current lease with a tenant in effect until June 2027, with appointment required by the agent. Utilities include water available, with water sourced from the public system.
Built in 2006, this is a Comm/Office-zoned space within a larger commercial complex where multiple small businesses operate.
Key Highlights
- Reception area plus mini kitchen, office space, and storage
- Central air cooling with electric heat and heat pump
- Vinyl siding and wood frame construction with shingle roof
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 | $16.8k | $20.88 |
| − Vacancy | −$3.2k | −$3.95 |
| EGI | $13.6k | $16.93 |
| − OpEx | −$3.4k | −$4.23 |
| NOI | $10.2k | $12.70 |
804 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%
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
Multifamily LT 5
$9.84M
$8.61M – $11.49M
NOI $689,116 @ 7.0% cap · market cap 306.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with reception, mini kitchen, storage, and central air in a vinyl-sided, wood-frame building.
Where is this office units 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: Reception area plus mini kitchen, office space, and storage; Central air cooling with electric heat and heat pump; Vinyl siding and wood frame construction with shingle roof
