Neighborhood Commercial
For Sale
$235,000
684 Nine Foot Road, Newport, NC 28570
Residential or commercial use is indicated, with permitted uses subject to buyer verification.
Property Size1,200 SF
Price / SF$195.83
Days on Market18
Property Features for 684 Nine Foot Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
COMMERCIAL
Zoning
neighborhood commercial
Taxes and HOA fees
Annual Taxes
$724
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
(252) 241-4986
Source:
Lindarike
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 28 at 1:27PM
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
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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.
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
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
NOI $25,200 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in South region
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
