Turn-Key Metal Building on
806 E Main St, Havelock, NC 28532
For Sale
$599,000
5500 sq/ft metal building on large corner lot.
Property Size5,500 SF
Lot Size0.50 Acres
Price / SF$108.91
Days on Market229
Property Features for 806 E Main St
General Information
Standard status
Size
Lot size
Building Details
Year Built
Listing Agency:
RE/MAX Ocean Properties
Listed By:
Meredith & Matt Team Johnson · License NC #210529
(252) 269-9177
Source:
Barefootbrokers
Added: Mar 27
Changed: Nov 10
Last Checked: Nov 10 at 11:04AM
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 Ocean Properties
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Investment Insights
Based on property information with market context.
This is a 5500 sq/ft metal building situated on a corner lot in Havelock, NC. The building features office and retail space at the front entrance, along with a large, conditioned warehouse space. The warehouse includes five large roll-up doors on the east side. The building is located on nearly a 0.5-acre parcel, with an adjoining vacant parcel that offers room for expansion or product display. The sale includes the existing business and assets, with a few exceptions. There is ample parking and multiple entrance/exit points for site mobility. The ceiling height is approximately 14 feet in the center. The property has city water and city sewer services. It is located near Cherry Point Marine Base and is located on the corner of Hwy 70 and Pineview.
Key Highlights
- Large 5500 sq/ft turn‑key metal building on a corner lot.
- Located on Hwy 70 and Pineview in Havelock, NC.
- Includes office/retail space and a large, conditioned warehouse.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,335
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,700
$866.7K
Cap Rate 7%
$619,071
$619.1K
Cap Rate 9%
$481,500
$481.5K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$55.4K $10.08/SF
− Vacancy
−$4.5K −$0.81/SF
EGI
$51.0K $9.27/SF
− OpEx
−$7.6K −$1.39/SF
NOI
$43.3K $7.88/SF
Area
Craven County, NC
Vacancy
8.04%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,700
Cap Rate 7%
$619,071
Cap Rate 9%
$481,500
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,668 @ 7.0% cap · market cap 18.14%
Second Best
Mixed Use
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 9.30%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,933 @ 7.0% cap · market cap 21.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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Business Placement
Demographics for 28532, NC
20,340
Population
8,677
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
93%
High-School Grad
165.4 sq mi
ZIP Area
123
Density / Sq Mi
$65,772
Median Household Income
$38,839
Median Earnings
$1,270
Median Rent
$193,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 5500 sq/ft metal building on large corner lot.
Where is this mixed-use property located?
The property is located at 806 E Main St Havelock, NC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Large 5500 sq/ft turn‑key metal building on a corner lot.; Located on Hwy 70 and Pineview in Havelock, NC.; Includes office/retail space and a large, conditioned warehouse.
