Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Charming Commercial Office Building Title is generated by Realmo AI

    901 Hackney Avenue, Washington, NC 27889

    View on Map
    Claim this Listing
    New
    For Lease
    $1,100/Mo $12 SF/Yr (calc)

    COMMERCIAL - Washington, NC

    Type:Office
    Property size:
    1,055 SF
    Lot size:
    0.12 Acres
    Added:
    May 12, 2026
    Days on Market:
    5
    Last Refresh:
    May 16 at 12:06 am

    Property Features for 901 Hackney Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    OI
    Parking
    8
    Parking features
    Off Street, Paved or Surfaced, Driveway, Parking Lot
    Standard status
    Active
    APN
    41661
    Size
    1,055 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1 LOT PT OF 9 BLD G PHILLIPS/COR 9TH and HAC
    Tax Annual Amount
    645
    Expense value
    1100
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1956
    Number of units
    1
    Flooring type
    Carpet, Vinyl, Wood
    Building materials
    Block, Concrete, Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Heather Dawn Osborn

    Listing agent Heather Dawn Osborn License #291737

    Listing office The Rich Company 1468 Carolina Ave, Washington, NC

    Listing date May 12, 2026

    MLS# 100573272

    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

    • Great location with easy access to downtown.
    • Handicap accessible.
    • Ideal for medical, wellness, counseling, or other professional office use.
    • Features 3‑4 private offices.
    • Welcoming foyer/reception area with convenient glass sliding reception window.
    • Off‑street parking with paved or surfaced parking lot and driveway.

    Overview

    This charming commercial office building, located in Washington, NC, offers a great location with endless potential for a medical office or small business. The property features 3-4 private offices, a welcoming foyer/reception area, with a convenient glass sliding reception window, and a centralized restroom. The property is handicap accessible and provides a professional yet inviting atmosphere that is ideal for medical, wellness, counseling, or other professional office use. The building is situated on a 0.12-acre lot. The property has 1055 square feet of space. Conveniently located with easy access to both downtown Washington, this property combines visibility, accessibility, and exceptional curb appeal. The zoning is OI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Vet Built Inc — 409 W Main St #103, Washington, NC 27889, United States
    • Tar River Animal Hospital — 902 W 5th St, Washington, NC 27889

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -77.060531
    Latitude
    35.555108

    Nearby Similar for Lease

    • $3,700/Mo
      5,000 SF

      Versatile Commercial Space in Washington

      5,000 sq ft commercial building suitable for various businesses.
      505 Hackney Avenue, Washington, NC 27889
      View Details
    • $3,500/Mo
      4,180 SF

      Versatile Commercial Space in Washington

      4,180 sq ft commercial space with flexible use options.
      630 E 10th Street, Washington, NC 27889
      View Details
    • $700/Mo
      22,000 SF

      Washington Warehouse with Lay-Yard Potential

      22,000 SF warehouse near downtown Washington, NC.
      541 Haven St, Washington, NC
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial office building with great location and endless potential.
    Where is this medical office space located?
    The property is located at 901 Hackney Avenue Washington, NC.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Great location with easy access to downtown.; Handicap accessible.; Ideal for medical, wellness, counseling, or other professional office use.
    (252) 944-7191
    We can help!
    Listing Contact
    Heather Dawn Osborn
    Real Estate License ID: 291737
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    901 Hackney Avenue, Washington, NC 27889
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!