Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    000 Halstead Blvd Ext Elizabeth City, NC 27909
    Back to Search
    Property profile & analytics

    000 Halstead Blvd Ext Elizabeth City, NC 27909

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 Halstead Blvd Ext

    Property type
    Land

    Description

    This ±45-acre commercial land parcel in Elizabeth City, NC, presents a unique investment opportunity. Currently undergoing rezoning to General Business, this strategically located property offers exceptional versatility for a variety of development projects, including retail, office, and multifamily uses. Its proximity to the new Sentara Albemarle Regional Health Campus, a major medical center creating over 1,000 new jobs, ensures a robust and growing workforce. The site benefits from its location near one of North Carolina's busiest Walmart Supercenters, attracting over 3 million visitors annually, and enjoys high traffic volume due to its position on Halstead Blvd. and US Route 17 (combined traffic count exceeding 38,000 vehicles per day). Further enhancing its appeal is the presence of a new Ryan Homes community with 425 residential lots and 168 multifamily units across the street, creating a strong residential base. Elizabeth City's position as a regional hub serving a 10-county trade area in Northeast North Carolina adds to the long-term growth potential. An anticipated traffic signal will further improve accessibility. This property offers significant potential for developers seeking a prime location within a thriving and expanding community. The zip code is 27909.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.3048
    Latitude
    36.2923

    Comparable in this City

    • Value Estimation by Request
      0.30 Acres

      Wood St

      Land • 0.30 Acres
      0 Wood St, Elizabeth City, NC 27909
      View Details
    • Value Estimation by Request
      5.19 Acres

      1153 Us 17

      Land • 5.19 Acres
      1153 Us 17, Elizabeth City, NC 27909
      View Details
    • Value Estimation by Request
      23.80 Acres

      12 Dry Ridge Rd

      Land • 23.80 Acres
      12 Dry Ridge Rd, Elizabeth City, NC 27909
      View Details
    • Value Estimation by Request
      26.80 Acres

      77 Crocker Hill Rd

      Land • 26.80 Acres
      77 Crocker Hill Rd, Elizabeth City, NC 27909
      View Details
    • Value Estimation by Request
      38.86 Acres

      3810 Conlon Way

      Land • 38.86 Acres
      3810 Conlon Way, Elizabeth City, NC 27909
      View Details
    • Value Estimation by Request
      3.94 Acres

      1903 Church St

      Land • 3.94 Acres
      1903 Church St, Elizabeth City, NC 27909
      View Details

    Similar Nearby for Sale

    • $325,000
      5.01 Acres

      Elizabeth City Commercial Land

      5-Acre Commercial Lot, Highway Frontage
      135 Rich Blvd, Elizabeth City, NC 27909
      View Details
    • New
      $199,900
      22.20 Acres

      22.04 Acres Land Assemblage

      Three parcels totaling 22.04 acres on Northside Road.
      1320 Northside Rd, Elizabeth City, NC 27909
      View Details
    • $189,000
      1.10 Acres

      Waterfront Land for Dream Home

      1.1-acre waterfront lot on the Pasquotank River.
      302 Harrier Ct, Elizabeth City, NC 27909
      View Details
    • Contact for pricing

      Pasquotank County Development Opportunity

      Commercial sites for development at highway intersection near Elizabeth City.
      158 Intersection, Elizabeth City, NC 27909
      View Details
    • $74,900
      65,340.00 Acres

      Elizabeth City Commercial Road Frontage

      1.5 acre road frontage lot with high traffic volume.
      114 Northside Park Dr, Elizabeth City, NC 27909
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Weeksville Crossing

      Retail spaces for lease near economic drivers and established tenants.
      1805 Weeksville Rd, Elizabeth City, NC 27909
      View Details
    • Contact for pricing

      Office Suites Near Coast Guard

      Office suites available near hotels, restaurants, and Coast Guard Base.
      905 Halstead Blvd, Elizabeth City, NC 27909
      View Details
    • $800 /Mo
      3,049 SF

      Office Space in Historic Downtown

      End-unit office space available for rent in Elizabeth City.
      311 S Road St, Elizabeth City, NC 27909
      View Details
    • $800 /Mo
      800 SF

      Elizabeth City Office Space For Lease

      800 sqft office space for lease in Elizabeth City, NC.
      1142 N Road St, Elizabeth City, NC 27909
      View Details
    • $6,000 /Mo
      6,000 SF

      Elizabeth City Commercial Space Available

      6,000 SF commercial space with flexible floor plan.
      1141 N Road St, Elizabeth City, NC 27909
      View Details
    • $2,454 /Mo
      1,732 SF

      Professional Office Space Available

      Immaculate office space for lease in desirable City Center.
      1880 W City Dr, Elizabeth Cty, NC 27909
      View Details
    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.
    000 Halstead Blvd Ext
    Elizabeth City, NC 27909
    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
    000 Halstead Blvd Ext, Elizabeth City, NC, 27909
    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!