Building Details

Buildings 1

Construction metal building

Listing Agency: John Vesco Inc.

Listed By: RuthAnn S. Sluss · License #213458 Show Phone

Source: Ibxcoastalliving

Added: Sep 15 Last Checked: Sep 15 at 2:25PM

Report an Issue

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 John Vesco Inc.

Investment Insights

Based on property information with market context.

This cleared 0.35-acre commercial parcel at 730 Chatham St includes a 30-by-30-foot metal building with two roll-up doors, a walk-in man door, and a concrete floor. The property is classified under the warehouse category and is not permitted for residential use.

The parcel lies outside the city limits and has no city taxes or HOA dues. Electric service, water, and septic are not present. A soil evaluation completed in September 2025 classified the site as unsuitable for a septic permit.

Key Highlights

• 0.35‑acre cleared commercial parcel at 730 Chatham St
• 30x30 metal building with concrete floor
• Two roll‑up doors and one walk‑in man door

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$5,976

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.97%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$119,520 $119.5K

Cap Rate 7%

$85,371 $85.4K

Cap Rate 9%

$66,400 $66.4K

Market Conditions

NOI Build-Up for 900 SF 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.

Gross rent

$7.6K $8.40/SF

− Vacancy

−$529 −$0.59/SF

EGI

$7.0K $7.81/SF

− OpEx

−$1.1K −$1.17/SF

NOI

$6.0K $6.64/SF

Area

Carteret County, NC

Vacancy

7.00%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$119,520

Cap Rate 7%

$85,371

Cap Rate 9%

$66,400

Alternative Uses

Best Use

Warehouse

$85.4K

$74.7K – $99.6K (±1% cap)

NOI $5,976 @ 7.0% cap · market cap 7.97%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$270.0K

$236.3K – $315.0K (±1% cap)

NOI $18,900 @ 7.0% cap · market cap 25.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service HVAC Service

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

48

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Similar For Sale Nearby

Newport Mini Storage Opportunity

457 TOM MANN RD, Newport, NC 28570

Contact for pricing

13,850 SF

View details

Mobile Home Park with Residence

417 MASONTOWN RD, Newport, NC 28570

Contact for pricing

1,840 SF

View details

Metal Warehouse with Two Roll-Ups

730 Chatham Street # 5, Newport, NC 28570

$75,000

0.35 Acres

View details

Retail Space For Sale

129 Nine Foot Rd, Newport, NC 28570

Contact for pricing

2,834 SF

View details

Similar Off Market Nearby

• USA Storage Centers - NewPort — 106 Cannon Blvd, Newport, NC 28570
• Newport Mini Storage, Inc — 457 Tom Mann Rd, Newport, NC 28570

Frequently Asked Questions

What type of property is this?

Warehouse - Cleared commercial parcel with an existing metal building, roll-up doors, and concrete flooring.

Where is this warehouse located?

The property is located at 730 Chatham St Newport, NC.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: 0.35‑acre cleared commercial parcel at 730 Chatham St; 30x30 metal building with concrete floor; Two roll‑up doors and one walk‑in man door