Office Unit with Reception
For Sale
$225,000
5016 E Oak Island Drive Apt 2, Oak Island, NC 28465
Commercial unit includes a mini kitchen, office area, and dedicated storage.
Property Size804 SF
Price / SF$279.85
Days on Market87
Property Features for 5016 E Oak Island Drive Apt 2
General Information
Standard status
Active
Size
804 SF
Property subtype
Business Opportunity
Building Details
Year Built
2006
Listing Agency:
Better Beach Sales & Rentals, Inc.
Listed By:
Dawn J McVicker · License #304812
(843) 518-8168
Source:
Bradberrygarnerrealestate
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 4:19PM
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 Better Beach Sales & Rentals, Inc.
Investment Insights
Based on property information with market context.
This office unit at 5016 E Oak Island Drive, Apt 2, provides a reception area, mini kitchen, office space, and storage within an established commercial complex. The property was built in 2006 and measures 804 square feet.
The complex is across from Publix and includes many small businesses. A tenant currently occupies the space under a lease extending through June 2027.
The complex is across from Publix and includes many small businesses. A tenant currently occupies the space under a lease extending through June 2027.
Key Highlights
- 804‑square‑foot office unit
- Reception area, mini kitchen, office space, and storage
- Current tenant lease runs 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
Retail
$113.4K
$99.2K – $132.3K
NOI $7,936 @ 7.0% cap · market cap 3.53%
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
260
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial unit includes a mini kitchen, office area, and dedicated storage.
Where is this office units located?
The property is located at 5016 E Oak Island Drive Apt 2 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‑square‑foot office unit; Reception area, mini kitchen, office space, and storage; Current tenant lease runs through June 2027
