Pub Building with Highway
For Sale
$900,000
775 E Ocean Road, Holly Ridge, NC 28445
A long-running pub occupies a commercial site along NC Highway 50.
Property Size2,299 SF
Price / SF$391.47
Days on Market137
Property Features for 775 E Ocean Road
General Information
Standard status
Active
Size
2,299 SF
Property subtype
Commercial
Zoning
NB
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,778
Building Details
Building Size
2,299 SF
Year Built
1968
Listing Agency:
DUFFUS REALTY INC.
Listed By:
Liles Stott · License #87052OFFICEC1844
(252) 756-5395
Source:
Duffusrealty
Added: Jun 13
Changed: Oct 26
Last Checked: Oct 26 at 3:45AM
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 DUFFUS REALTY INC.
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Investment Insights
Based on property information with market context.
The 2,299-square-foot pub property at 775 E Ocean Road was built in 1968 and has housed the current pub for more than two decades. The site is zoned NB and fronts NC Highway 50, also known as Ocean Road.
NC Highway 50 connects the mainland with Surf City and Topsail Island. The property is minutes from the highway’s intersection with US Highway 17 and is near Camp Davis Industrial Park and Marine Corps Base Camp Lejeune.
NC Highway 50 connects the mainland with Surf City and Topsail Island. The property is minutes from the highway’s intersection with US Highway 17 and is near Camp Davis Industrial Park and Marine Corps Base Camp Lejeune.
Key Highlights
- 2,299‑square‑foot pub property built in 1968
- Current pub has operated at the property for more than two decades
- Frontage on NC Highway 50, also known as Ocean Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,485
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,700
$589.7K
Cap Rate 7%
$421,214
$421.2K
Cap Rate 9%
$327,611
$327.6K
Market Conditions
NOI Build-Up for 2,299 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$39.3K $17.10/SF
− OpEx
−$9.8K −$4.27/SF
NOI
$29.5K $12.83/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,700
Cap Rate 7%
$421,214
Cap Rate 9%
$327,611
Alternative Uses
Best Use
Specialty Retail
$421.2K
$368.6K – $491.4K
NOI $29,485 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.4K
$437.0K – $582.7K
NOI $34,960 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28445, NC
10,243
Population
8,832
Households
1.2
Avg Household Size
38
Median Age
42%
College-Educated
92%
High-School Grad
103.7 sq mi
ZIP Area
99
Density / Sq Mi
$89,250
Median Household Income
$56,844
Median Earnings
$1,318
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Dale's Pub — 775 E Ocean Rd, Holly Ridge, NC 28445
Frequently Asked Questions
What type of property is this?
Bar & Pub - A long-running pub occupies a commercial site along NC Highway 50.
Where is this bar & pub located?
The property is located at 775 E Ocean Road Holly Ridge, NC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,299‑square‑foot pub property built in 1968; Current pub has operated at the property for more than two decades; Frontage on NC Highway 50, also known as Ocean Road
