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Property profile

3825 Conlon Way Elizabeth City, NC 27909

OFF-MARKET
Retail properties & Spaces
8,056 SF 1 ac lot Built 2025
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Property summary

AI-generated overview

This exceptional Class A property at 3825 Conlon Way, Elizabeth City, NC 27909, offers 8,056 square feet of versatile retail and creative office space in a brand-new, single-story building constructed in 2025. The property sits on a one-acre lot and is conveniently located near the intersection of US Route 17 Bypass and Halstead Boulevard. Currently, 3,800 square feet of space is available, divisible into units as small as 1,200 square feet, with a maximum contiguous space of 3,800 square feet. The building features multiple suites, making it ideal for a variety of businesses. This prime location benefits from high visibility and proximity to major retailers, including Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, and Lidl, all located within the established Tanglewood Pavilions shopping center. The property's strategic placement directly across from a large Walmart supercenter (approximately 206,000 square feet with $110 million in annual revenue) ensures significant foot traffic and brand exposure. Furthermore, the presence of a major US Coast Guard base with over 2,700 employees and the upcoming construction of a 110-bed Sentara Healthcare hospital (bringing an additional 1,000+ employees) guarantees a robust and growing customer base. This presents a unique opportunity to establish a presence in a thriving retail hub experiencing significant economic growth.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2025
Total area 8,056 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

Location

3825 Conlon Way Elizabeth City, NC 27909
Elizabeth City metro
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Value estimations

Realmo proprietary · 4 methods
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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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