Building Details

Building Size 1,200 SF

Year Built 1993

Buildings 2

Listing Agency: RE/MAX Homestead Swansboro

Listed By: Kathy Ann Myers · License #274306 Show Phone

Source: Lindarike

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:35AM

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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 RE/MAX Homestead Swansboro

Investment Insights

Based on property information with market context.

The property includes a one-story, slab-on-grade building and a separate 600-square-foot structure connected by a deck. A front porch and paved parking area are also on site. Central air, public water, and a septic system serve the property. It has been vacant since its most recent commercial use and is offered as-is.

Located on paved Nine Foot Road, the property has 190 feet of road frontage and parking for approximately 15 to 20 vehicles. Its zoning is neighborhood commercial; buyers should verify which uses are permitted.

Key Highlights

• 190 feet of frontage on paved Nine Foot Road
• One‑story slab building plus a separate 600 sq ft building
• Paved parking area with capacity for about 15‑20 cars

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,910

Cap Rate

5.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,200 $278.2K

Cap Rate 7%

$198,714 $198.7K

Cap Rate 9%

$154,556 $154.6K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$21.6K $18.00/SF

− Vacancy

−$1.7K −$1.44/SF

EGI

$19.9K $16.56/SF

− OpEx

−$6.0K −$4.97/SF

NOI

$13.9K $11.59/SF

Area

Carteret County, NC

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,200

Cap Rate 7%

$198,714

Cap Rate 9%

$154,556

Alternative Uses

Best Use

Retail

$198.7K

$173.9K – $231.8K (±1% cap)

NOI $13,910 @ 7.0% cap · market cap 5.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$360.0K

$315.0K – $420.0K (±1% cap)

NOI $25,200 @ 7.0% cap · market cap 10.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Bakery Plumbing Service Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 28570, NC

21,647

Population

10,819

Households

2

Avg Household Size

46

Median Age

24%

College-Educated

92%

High-School Grad

148.8 sq mi

ZIP Area

145

Density / Sq Mi

$69,018

Median Household Income

$36,753

Median Earnings

$951

Median Rent

$245,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Residential or commercial use is indicated, with permitted uses subject to buyer verification.

Where is this storefront property located?

The property is located at 684 Nine Foot Road Newport, NC.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 190 feet of frontage on paved Nine Foot Road; One‑story slab building plus a separate 600 sq ft building; Paved parking area with capacity for about 15‑20 cars