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    Property profile & analytics
    OFF-MARKET Estimated value $1,450,000
    Retail space

    101 Commercial Blvd, Elizabeth City, NC 27909-8985

    2.65 ac lot Built 2010
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US53-4413539
    Property summary
    AI-generated overview

    This exceptional 4,898 square foot retail space in Pasquotank County is perfectly situated in Elizabeth City's newest business center, directly off Route 17 Bypass and Halstead Extension. The property, classified as Class C, offers multiple suites within a single building, with a minimum divisible space of 2,372 square feet and a maximum contiguous space of 2,526 square feet. Currently, the entire 4,898 square feet is vacant, presenting a unique opportunity for a single tenant or the potential for division. The location is strategically positioned within a rapidly growing area, adjacent to a new apartment complex, the Sentara Hospital campus, and new residential developments, ensuring high foot traffic and visibility. Existing tenants include established businesses such as Sentara, Verizon, and Pet Sense, creating a diverse and complementary tenant mix. The surrounding area boasts a variety of restaurants, coffee shops, and other retail establishments, further enhancing the property's appeal and potential for success. Both available spaces are open and ready for immediate occupancy, suitable for local businesses or national franchises seeking a prime location in a thriving community. This is an unparalleled opportunity to establish a presence in a dynamic and expanding market.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2010
    Construction FRAME
    Lot 2.65 ac (115,521 SF)
    Zoning code C-1
    APN 7993 571250
    UPID US53-4413539
    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
    Current use
    Occupant on record · Public records
    • Petsense by Tractor Supply (Bike/Boat/Book/etc) Store Pet Store & Service
    • Verizon Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.45M
    Owner & transaction history
    Affinity Tanglewood LLC · 6 yrs held
    Affinity Tanglewood LLC
    since 2020
    Last sale
    $1.5M
    2 recorded transactions
    2020
    $1.5M
    2020
    Zoning & alternative use
    C-1 · Elizabeth City, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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