24251 Atlantic Dr, Rodanthe, NC 27968
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.
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
Similar Nearby for Sale
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.