Flex Space with Four Truck
5293 Hwy 70 W, Morehead City, NC 28557
For Sale
New
$925,000
Commercial Sale, Morehead City, NC
Property Size3,500 SF
Lot Size0.99 Acres
Price / SF$264.29
Days on Market3
Property Features for 5293 Hwy 70 W
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Beaufort Realty
(252) 728-5462
Listed By:
McCall-Vick Real Estate Team · License NC #163090
(252) 241-1917
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 100615770
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 3,500-square-foot flex property was built in 1985 on a 0.99-acre parcel. The steel-frame building has metal siding, concrete floors, and four truck bays. Multiple rooms offer office configuration, and the property includes two full bathrooms. Heating is provided by natural gas space heaters; the roof is shingle and composition.
Located in Morehead City on Hwy 70 W, the property has off-street parking with a garage and parking lot. Public water and cable availability are noted, and the zoning is Business. The existing building and parcel provide a range of physical components for a commercial property.
Located in Morehead City on Hwy 70 W, the property has off-street parking with a garage and parking lot. Public water and cable availability are noted, and the zoning is Business. The existing building and parcel provide a range of physical components for a commercial property.
Key Highlights
- Four truck bays in a 3,500‑square‑foot building
- 0.99‑acre parcel in Morehead City
- Multiple rooms suitable for office space and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,856
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,120
$857.1K
Cap Rate 7%
$612,229
$612.2K
Cap Rate 9%
$476,178
$476.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$70.1K $20.04/SF
− Vacancy
−$4.2K −$1.20/SF
EGI
$65.9K $18.84/SF
− OpEx
−$23.1K −$6.59/SF
NOI
$42.9K $12.24/SF
Area
Carteret County, NC
Vacancy
6.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,120
Cap Rate 7%
$612,229
Cap Rate 9%
$476,178
Alternative Uses
Best Use
Flex RnD
$612.2K
$535.7K – $714.3K
NOI $42,856 @ 7.0% cap · market cap 4.63%
Second Best
Industrial
$294.5K
$257.7K – $343.6K
NOI $20,617 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$1.05M
$918.8K – $1.23M
NOI $73,500 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Balanced
Demand for This Use
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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 Industrial in South region
Similar Off Market Nearby
- Tsunami Buffet — 5167 US-70, Morehead City, NC 28557
Frequently Asked Questions
What type of property is this?
Flex space - A 3,500-square-foot building on nearly an acre combines truck bays, office-capable rooms, bathrooms, and off-street parking.
Where is this flex space located?
The property is located at 5293 Hwy 70 W Morehead City, NC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Four truck bays in a 3,500‑square‑foot building; 0.99‑acre parcel in Morehead City; Multiple rooms suitable for office space and two full bathrooms
