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    24251 Atlantic Dr Rodanthe, NC 27968

    • Warehouses
    • 3,212 SF
    • 1.84 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 24251 Atlantic Dr

    Year built
    1980
    Lot size
    1.84 lot acres
    Property size
    3,212 SF
    Property type
    Warehouses
    Property subtype
    Retail properties

    Description

    This exceptional 3,212 square foot warehouse, located at 24251 Atlantic Dr, Rodanthe, NC 27968 (APN: 065809168447), presents a compelling investment opportunity. Situated on a 1.84-acre lot, this single-tenant property boasts 100% occupancy and a strong net operating income (NOI) of $160,000, yielding a 7.62% cap rate. The asking price is $1,900,000 with a gross lease in place. Originally built in 1980, the warehouse underwent renovations between 2014 and 2024. The property is zoned S-1 and offers parking for 26-50 vehicles. Its prime oceanfront location in Dare County provides unparalleled access to the Atlantic Ocean and the vibrant Outer Banks community. This industrial/retail warehouse is a rare find, combining strong financial performance with a desirable location. The property's history and potential for future development make it an attractive investment for discerning buyers. A virtual tour is available. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rodanthe
    County
    Dare
    State
    North Carolina
    Longitude
    -75.4615
    Latitude
    35.5847

    Comparable in this City

    • Value Estimation
      $480,000
      4,000 SF

      24415 Nc Hwy 12

      WAREHOUSE, STORAGE • 4,000 SF
      24415 Nc Hwy 12, Rodanthe, NC 27968
      View Details
    • Value Estimation by Request
      6,936 SF

      23532 Nc Hwy 12 Hwy

      Retail properties • 6,936 SF
      23532 Nc Hwy 12 Hwy, Rodanthe, NC 27968
      View Details
    • Value Estimation
      $530,000
      3,200 SF

      24251 Atlantic Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      24251 Atlantic Dr, Rodanthe, NC 27968
      View Details
    • Value Estimation
      $580,000
      4,208 SF

      24202 Nc Hwy 12

      RETAIL STORES (PERSONAL SERVICES) • 4,208 SF
      24202 Nc Hwy 12, Rodanthe, NC 27968
      View Details
    • Value Estimation by Request
      7,183 SF

      23697 Nc Hwy 12

      MANUFACTURING (LIGHT) • 7,183 SF
      23697 Nc Hwy 12, Rodanthe, NC 27968
      View Details
    • Value Estimation
      $530,000
      4,608 SF

      24753 Nc Hwy 12

      RETAIL STORES (PERSONAL SERVICES) • 4,608 SF
      24753 Nc Hwy 12, Rodanthe, NC 27968
      View Details

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      Rodanthe Warehouse: Oceanfront Investment

      Prime NC Warehouse, High NOI, Ocean Views
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    • $5,900,000
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    Rodanthe, NC 27968
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    Realmo Value Estimation

    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.

    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.

    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
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