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    Office and Warehouse on Hwy 17 Title is generated by Realmo AI

    6260 Ocean W, Ocean Isle Beach, NC 28469

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    Claim this Listing
    For Sale
    $3,750,000

    19,200 SF office and warehouse space on Hwy 17.

    Type:Commercial
    Property size:
    19,200 SF
    Price / SF:
    $195/SF
    Added:
    May 16, 2025
    Days on Market:
    394
    Last Refresh:
    Apr 6 at 12:50 am

    Property Features for 6260 Ocean W

    General Information

    Standard status
    Active
    Size
    19,200 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

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    Listing Contact
    MICHAEL J ABUSHAKRA

    Listing agent MICHAEL J ABUSHAKRA

    Listing office SLOANE COMMERCIAL

    Listing date May 16, 2025

    Source Corcoran

    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 SLOANE COMMERCIAL

    HighLights

    • Approximately 19,200 SF of office and warehouse space.
    • Located on a hard corner on Hwy 17.
    • Two warehouse spaces: ~5,000 SF with two drive‑in doors and ~8,200 SF with a trailer height loading dock and three rollup doors.
    • Office space includes a reception area, numerous offices, conference rooms, and a break area.
    • Warehouse one features two drive‑in doors (14'x14' and 10'x14').
    • Warehouse two features a trailer height loading dock with three rollup doors (12'x18' and two at 12'x12').

    Overview

    This property features approximately 19,200 square feet of office and warehouse space, situated on a corner lot along Highway 17. The office area is well-equipped, including a reception area, multiple offices, conference rooms, a break area, and floored storage space on the upper level. The property includes two attached warehouse spaces. The first warehouse offers approximately 5,000 square feet of space and is accessible via two drive-in doors, one measuring 14 feet tall and the other 10 feet tall, both 14 feet wide. The second warehouse provides approximately 8,200 square feet of space and features a trailer-height loading dock with three rollup doors, each 12 feet tall. One door is 18 feet wide, while the other two are 12 feet wide. Note that all measurements are approximate, and the actual square footage should be confirmed by the buyer.

    Local 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 $400.9k $20.88
    − Vacancy −$75.8k −$3.95
    EGI $325.1k $16.93
    − OpEx −$81.3k −$4.23
    NOI $243.8k $12.70
    19,200 SF · lease $20.88/SF/yr · vacancy 18.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.48M
    $3.05M – $4.06M (±1% cap)
    NOI $243,845 @ 7.0% cap · market cap 6.50%
    Second Best
    Warehouse
    $3.40M
    $2.97M – $3.96M (±1% cap)
    NOI $237,789 @ 7.0% cap · market cap 6.34%
    Theoretical Best
    Multifamily LT 5
    $235.09M
    $205.71M – $274.27M (±1% cap)
    NOI $16,456,492 @ 7.0% cap · market cap 438.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Nail Salon Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Isle Beach
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.4258
    Latitude
    33.8919

    FAQs

    What type of property is this?
    Flex space - 19,200 SF office and warehouse space on Hwy 17.
    Where is this flex space located?
    The property is located at 6260 Ocean W Ocean Isle Beach, NC.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Approximately 19,200 SF of office and warehouse space.; Located on a hard corner on Hwy 17.; Two warehouse spaces: ~5,000 SF with two drive‑in doors and ~8,200 SF with a trailer height loading dock and three rollup doors.
    More about this property
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