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    Ocean View Duplex in Emerald Isle Title is generated by Realmo AI

    8710 Ocean View Drive, Emerald Isle, NC 28594

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    For Sale
    $1,500,000

    MULTI_FAMILY - Emerald Isle, NC

    Property size:
    2,928 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $512/SF
    Added:
    May 19, 2026
    Days on Market:
    4
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 8710 Ocean View Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    6
    Bathrooms
    8
    Rooms
    Bathroom 5, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 6, Bathroom 1, Bathroom 8, Bedroom 1, Bathroom 2, Bathroom 7, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3
    Parking
    2
    Patio and Porch features
    Deck
    Interior features
    Ceiling Fan(s), Furnished, Blinds/Shades
    Appliances
    Washer, Refrigerator, Range, Dryer, Dishwasher
    Standard status
    Active
    APN
    538311764448000
    Size
    2,928 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    UE BEACON VIEW UW BEACON VIEW

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Carpet, Hardwood
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Catherine H Gainey

    Listing agent Catherine H Gainey License #196570

    Listing office Coldwell Banker Sea Coast Adv EI 8002 Emerald Isle Drive, Suite D, Emerald Isle, NC

    Listing date May 19, 2026

    MLS# 100575279 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ocean views and short walk to beach access.
    • Duplex with potential for owner occupancy and rental income.
    • Both sides have three bedrooms and open living area.
    • East side is furnished and currently rented month to month.
    • Large common area in the back for boat/vehicle parking.
    • West side is vacant and ready to use.

    Overview

    This duplex, known as Fins East and West, offers ocean views and a common area in the back suitable for parking a boat or vehicles. Situated on the second row, it is a short walk across the street to beach access. The East side is currently rented month to month and comes furnished with a short list of exclusions. The West side is vacant and ready for use. Both sides feature three bedrooms and an open living area. The top floor contains the principal bedroom, which offers the best ocean views. The seller reports that a leak in the principal bedroom and a bathroom area have been fixed, with no active leaks reported in either the West or East side at present. There is visual evidence of discoloration at the top of the stairs leading to the garage on the wall. Previously used as a rental on both sides, the duplex could be used as owner-occupied on one side and rental on the other. Located in Emerald Isle, North Carolina, this property on approximately 0.24 acres presents multiple possibilities, including upgrades or redevelopment into a new home. The property size is 2,928 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Emerald Isle
    County
    Carteret
    State
    North Carolina
    Longitude
    -77.046162
    Latitude
    34.65885

    Nearby Similar for Sale

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    • $2,125,000
      2,406 SF

      Oceanfront Rental Duplex in Emerald Isle

      Turnkey, fully furnished 8-bedroom oceanfront duplex with rental history.
      5213 Ocean Drive, Emerald Isle, NC 28594
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    • $869,900
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      Emerald Isle Duplex For Sale

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    • Contact for pricing

      Emerald Isle Commercial Space Available

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    FAQs

    What type of property is this?
    Duplex - Duplex with ocean views, rental potential, and redevelopment possibilities.
    Where is this duplex located?
    The property is located at 8710 Ocean View Drive Emerald Isle, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Ocean views and short walk to beach access.; Duplex with potential for owner occupancy and rental income.; Both sides have three bedrooms and open living area.
    (252) 725-0996
    We can help!
    Listing Contact
    Catherine H Gainey
    Real Estate License ID: 196570
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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