3825 Conlon Way Elizabeth City, NC 27909
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.