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Property profile & analytics
OFF-MARKET
Specialty properties

5209 Narron Business Dr Morehead City, NC 28557

8,515 SF 3 ac lot Built 2011
Property ID
Property summary
AI-generated overview

This exceptional 8,515-square-foot commercial property, located at 5209 Narron Business Dr, Morehead City, NC 28557, presents a unique investment opportunity. Built in 2011, this single-story, metal-framed building sits on a 3-acre lot and boasts a 30-foot ceiling height. The property's zoning is Industrial/Business, offering flexibility for a wide range of commercial ventures. Currently configured as a kennel and grooming service, the interior is partitioned into several rooms, allowing for adaptable layouts to suit diverse business needs. Features include quality interior finishes, a welcoming lobby, climate-controlled space, a backup generator, and a fenced rear play area. The building is also wired for security cameras. Its convenient location within a business/industrial park provides easy access to Bridges Street and Highway 70, making it an attractive option for businesses seeking visibility and accessibility. The asking price is $1,375,000, translating to $161.48 per square foot. This represents a compelling opportunity to acquire a substantial, versatile property in a growing coastal market. The APN is 635608881713000. The property is for sale by owner.

Property profile
Verified
Property type Specialty properties
Year built 2011
Total area 8,515 SF
Lot 3 ac (130,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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