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    24251 Atlantic Dr Rodanthe, NC 27968

    Sponsored
    For Sale
    $1,900,000

    Prime NC Warehouse, High NOI, Ocean Views

    Property size:
    3,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,212 square foot warehouse, located at 24251 Atlantic Dr, Rodanthe, NC 27968 (APN: 065809168447), presents a compelling investment opportunity. Situated on a 1.84-acre lot, this single-tenant property boasts 100% occupancy and a strong net operating income (NOI) of $160,000, yielding a 7.62% cap rate. The asking price is $1,900,000 with a gross lease in place. Originally built in 1980, the warehouse underwent renovations between 2014 and 2024. The property is zoned S-1 and offers parking for 26-50 vehicles. Its prime oceanfront location in Dare County provides unparalleled access to the Atlantic Ocean and the vibrant Outer Banks community. This industrial/retail warehouse is a rare find, combining strong financial performance with a desirable location. The property's history and potential for future development make it an attractive investment for discerning buyers. A virtual tour is available. Serious inquiries only.

    Property Features for 24251 Atlantic Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    3,212 SF
    Lot Size
    80,150 SF

    Building Details

    Year Built/Renovated
    1980/2014

    HighLights

    • $1,900,000 asking price for a 3,212 square foot warehouse.
    • 7.62% cap rate with a $160,000 net operating income (NOI).
    • 100% occupancy, gross lease, single tenant.
    • Located at 24251 Atlantic Dr, Rodanthe, NC 27968, on a 1.84‑acre lot (APN: 065809168447).
    • Built in 1980, renovated between 2014 and 2024; S‑1 zoning.
    • 26‑50 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Rodanthe
    County
    Dare
    State
    North Carolina
    Longitude
    -75.46151
    Latitude
    35.5847

    Nearby Comparable

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      NC was established in 1983 and has become a beloved community staple known for its friendly service and diverse product range. This is truly a once in a lifetime time opportunity to own a landmark business that's part of the heartbeat of the community. It's central location supports the local community year round and is a destination stop for the thousands of tourist who visit the area annually. The volume of business Island Convenience generates makes it an extremely high volume business. With an average of$169k inside sales

      @$33k Deli Sales and @70K gallons on a monthly basis. \u00c2\u00a0Interested investors are asked to sign an NDA as well as provide proof of funds with request for detailed financials which include a detailed monthly sales report as well as P&L Statements.. With accepted offer the parcel will be surveyed
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    Nearby Similar for Sale

    • $5,900,000
      6,936 SF

      NC was established in 1983 and has become a beloved community staple known for its friendly service and diverse product range. This is truly a once in a lifetime time opportunity to own a landmark business that's part of the heartbeat of the community. It's central location supports the local community year round and is a destination stop for the thousands of tourist who visit the area annually. The volume of business Island Convenience generates makes it an extremely high volume business. With an average of$169k inside sales

      @$33k Deli Sales and @70K gallons on a monthly basis. \u00c2\u00a0Interested investors are asked to sign an NDA as well as provide proof of funds with request for detailed financials which include a detailed monthly sales report as well as P&L Statements.. With accepted offer the parcel will be surveyed
      23532 Nc Hwy 12 Hwy, Rodanthe, NC 27968
      View Details
    • $1,900,000
      1.84 Acres

      Oceanfront Rodanthe Pier Investment

      Historic landmark, prime oceanfront location.
      24251 Atlantic Dr, Rodanthe, NC 27968
      View Details
    • $1,459,000
      4,449 SF

      Luxury Oceanfront Vacation Rental

      8BR, 7.5BA Ocean & Sound Views
      24205 Caribbean Ct, Rodanthe, NC 27968
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    FAQs

    What type of property is this?
    Distribution property - Prime NC Warehouse, High NOI, Ocean Views
    Where is this distribution property located?
    The property is located at 24251 Atlantic Dr Rodanthe, NC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price for a 3,212 square foot warehouse.; 7.62% cap rate with a $160,000 net operating income (NOI).; 100% occupancy, gross lease, single tenant.
    Request Owner's contact information
    24251 Atlantic Dr Rodanthe, NC 27968
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    Rodanthe, NC 27968
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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
    24251 Atlantic Dr Rodanthe, NC 27968
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