Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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