Property profile

103 Gloria Dawn Rd Morehead City, NC 28557

OFF-MARKET
Land
23.53 ac lot
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Property summary

AI-generated overview

This exceptional 23.53-acre commercial property in Morehead City, North Carolina, presents a unique investment opportunity. Located at 103 Gloria Dawn Rd, 28557, this strategically positioned land boasts excellent visibility, situated directly across from the Harris Teeter Shopping Center. The property is comprised of two distinct zones: approximately 5.6 acres zoned Commercial Highway (CH) at the intersection of Bridges Street Ext. and Gloria Dawn Rd, and an additional 18 acres zoned Industrial (I). This versatile zoning allows for a wide range of development possibilities. The property also benefits from convenient railroad access along its southern boundary, making it ideal for businesses requiring efficient transportation. A completed wetland survey is available, streamlining the development process. Furthermore, the property has access to Morehead City water and sewer services. The seller is open to subdividing the land to accommodate various development needs. This prime acreage is designated as an Opportunity Zone, offering significant tax advantages for qualified investors. The APN is 636609271422000. This is a rare opportunity to acquire a substantial parcel of land in a thriving coastal community.

Property profile

Verified
Property type Land
Lot 23.53 ac (1,024,967 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

103 Gloria Dawn Rd Morehead City, NC 28557
Morehead City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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