Property profile

105 Gloria Dawn Rd Morehead City, NC 28557

FOR SALE
Warehouses
Property ID
US53-2932915
1,056 SF 0.71 ac lot Built 1930
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 5.6-acre commercial land parcel in Morehead City, North Carolina, presents a unique investment opportunity. Located at 105 Gloria Dawn Rd, this property boasts unparalleled visibility, situated directly across from a Harris Teeter shopping center and adjacent to a Lidl. The land is zoned CH and is designated as an Opportunity Zone, offering significant tax advantages. The asking price is $2,195,000. All necessary surveys have been completed, including a current survey, wetland delineation, and topography survey. Water and sewer services are readily available. This expansive property comprises five individual parcels, all included in the sale. Its prime location and comprehensive preparation make it ideal for a variety of commercial developments. The property's APN is 636610278070000 and the zip code is 28557. This is a rare chance to acquire a highly visible, well-situated commercial property in a thriving area. Don't miss this opportunity to capitalize on the potential of this exceptional location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1930
Construction WOOD
Total area 1,056 SF
Lot 0.71 ac (30,753 SF)
Zoning code R15
APN 6366.10.27.8070000
UPID US53-2932915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

105 Gloria Dawn Rd Morehead City, NC 28557
Morehead City metro Census 970501 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2021
Last sale
$215,000
5 recorded transactions
2022
Price N/A
2021
$215,000
2013
$95,000
2013
$95,000
1969
Price N/A

Zoning & alternative use

R15 · Morehead City, NC
Zoning description

This district is intended to allow single-family dwellings at a density of up to 2.5 units per acre on minimum 15000 square foot lots, while preserving residential character and preventing blight or slum conditions

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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