Two-Story Office and Treatment
For Sale
$995,000
608 Arendell Street, Morehead City, NC 28557
SINGLE_FAMILY - Morehead City, NC
Property Size2,380 SF
Lot Size0.13 Acres
Price / SF$418.07
Days on Market101
Property Features for 608 Arendell Street
General Information
Property type
Residential
Property subtype
Office
Zoning
DB
Parking features
Off Street, Garage
Subdivision
Not In Subdivision
Lot features
Third Row
View
Water
Directions
Arendell Street / Hwy 70 to 6th Street downtown Morehead City. Subject property located at 608 Arendell St. (North side of street)
Standard status
Active
APN
638620717482000
Size
2,380 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
L5 B8 MOREHEAD CITY
Legal Description
L5 B8 MOREHEAD CITY
Utilities
Utilities
Water Available
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1910
Number of units
1
Flooring type
Wood, Tile
Building materials
Wood Frame
Roof type
Composition, Shingle
Listing Agency:
Hamad Realty
(252) 726-3473
Listed By:
Samer Hamad · License #188498
(252) 342-9294
Added: Apr 22
Changed: Jul 8
Last Checked: Jul 31 at 12:06AM
MLS# 100568977
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 two-story commercial building offers approximately 2,300 square feet of professionally finished, flexible space designed for office, consultation, and treatment use. The current configuration includes four total private rooms suitable for offices, consultation areas, or treatment rooms, supported by two restrooms and a full kitchen/break room. Additional onsite features include a private rear yard, a dedicated workshop and storage area, and a unique heated and cooled one-car garage that can be used for storage or temperature-sensitive equipment. Furnishings may be negotiated.
The property is located in the Morehead City Waterfront District, directly across from City Park, providing a high-visibility setting with water views. It is zoned DB (Downtown Business), supporting a range of professional uses. The seller notes the property can support mixed-use, with the important caveat that a Special Use Permit approval from Morehead City is required for dedicated residential use.
For tenants or buyers seeking a downtown-ready facility, the room-based plan and supporting amenities make it well-suited for a high-end office, specialized spa, medical practice, or boutique retail shop. The rear-yard space and workshop/storage area add practical day-to-day flexibility, while the heated and cooled garage supports equipment or inventory needs that require temperature control.
The property is located in the Morehead City Waterfront District, directly across from City Park, providing a high-visibility setting with water views. It is zoned DB (Downtown Business), supporting a range of professional uses. The seller notes the property can support mixed-use, with the important caveat that a Special Use Permit approval from Morehead City is required for dedicated residential use.
For tenants or buyers seeking a downtown-ready facility, the room-based plan and supporting amenities make it well-suited for a high-end office, specialized spa, medical practice, or boutique retail shop. The rear-yard space and workshop/storage area add practical day-to-day flexibility, while the heated and cooled garage supports equipment or inventory needs that require temperature control.
Key Highlights
- 2,300+ SF two‑story commercial building in the Downtown Morehead City Waterfront District, across from City Park
- Current layout includes 4 total private offices/consultation or treatment rooms, plus 2 restrooms and a full kitchen/break room
- Zoned DB (Downtown Business), suited for high‑end office, specialized spa, medical practice, or boutique retail shop
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 | $57.1k | $24.00 |
| − Vacancy | −$8.0k | −$3.36 |
| EGI | $49.1k | $20.64 |
| − OpEx | −$12.3k | −$5.16 |
| NOI | $36.8k | $15.48 |
2,380 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$526.3K
$460.5K – $614.0K
NOI $36,842 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.0K
$624.8K – $833.0K
NOI $49,980 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
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
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 - Two-story downtown office layout with multiple private rooms, kitchen/break area, and added rear-yard and garage utility.
Where is this office units located?
The property is located at 608 Arendell Street Morehead City, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,300+ SF two‑story commercial building in the Downtown Morehead City Waterfront District, across from City Park; Current layout includes 4 total private offices/consultation or treatment rooms, plus 2 restrooms and a full kitchen/break room; Zoned DB (Downtown Business), suited for high‑end office, specialized spa, medical practice, or boutique retail shop
