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    4415 Arendell St Morehead City, NC 28557

    Sponsored
    For Lease
    $8 SF/Yr ($1,498 /Mo)

    Prime Morehead City location, high traffic area.

    Lot size:
    2,248 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-tenant, 2,248 square foot office/retail space is located at 4415 Arendell Street in Morehead City, North Carolina, zip code 28557. The property sits on a 0.269-acre lot and boasts exceptional visibility with over 125 feet of road frontage on Arendell Street. Benefiting from dual exposure on Arendell Street and Lake Avenue, this corner property offers excellent access and visibility for businesses. The building, constructed in 1966, is a single-story Class C structure with 6 parking spaces. Zoned CH - Highway Commercial, this location enjoys an AADT of 34,500 vehicles per day, providing significant traffic exposure. The entire 2,248 square feet is currently vacant and ready for immediate occupancy. Previously used as a pet boarding and grooming facility, the space is adaptable to a variety of commercial uses. The property's parcel numbers are 636615743078000 and 636615744047000. This is a rare opportunity to secure a high-traffic commercial property in a prime Morehead City location.

    Property Features for 4415 Arendell St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,248 SF
    Class
    C
    Total Rate
    1498.67

    Building Details

    Year Built
    1966
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,248 SF
    Rate per SF
    $8

    HighLights

    • Highway 70 East retail/office space in Morehead City, NC.
    • Rezoned CH - Highway Commercial; $8.00/SF NNN lease rate.
    • Over 125 feet of frontage on Arendell Street, AADT 34,500 vehicles.
    • High visibility on Arendell Street, Morehead City's main thoroughfare.
    • Corner lot with Arendell Street and Lake Avenue frontage; former pet boarding/grooming business.
    • City water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.7782396
    Latitude
    34.7300518

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      Morehead City Retail Space

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Morehead City location, high traffic area.
    Where is this office property / space located?
    The property is located at 4415 Arendell St Morehead City, NC.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Highway 70 East retail/office space in Morehead City, NC.; Rezoned CH - Highway Commercial; $8.00/SF NNN lease rate.; Over 125 feet of frontage on Arendell Street, AADT 34,500 vehicles.
    Request Owner's contact information
    4415 Arendell St Morehead City, NC 28557
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    Realmo Value Estimation

    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.

    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.

    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
    4415 Arendell St Morehead City, NC 28557
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