Technical
Financial
Distress signals
Property profile

1122 Main St Elizabeth City, NC 27909

OFF-MARKET
Retail space
Property ID
US53-4572106
0.46 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This commercial property at 1122 W Main St in Elizabeth City, North Carolina is configured for restaurant and retail use, with restaurant-related infrastructure including a commercial exhaust hood and a walk-in cooler. The listing references additional kitchen and related equipment, which is described as being included in an as-is condition. The site has a history of use including a Domino’s operation, a catering kitchen, and a car rental business, indicating it has been set up in the past to support food service and service-oriented concepts. It is situated in a high-traffic area as described in the listing remarks.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Construction STEEL FRAME
Lot 0.46 ac (20,125 SF)
Zoning code GB
APN 891418400554
UPID US53-4572106

Cap rate & NOI

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

Location

1122 Main St Elizabeth City, NC 27909
Elizabeth City metro Census 960400 ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2022
Last sale
$187,000
1 recorded transaction
2022
$187,000

Zoning & alternative use

GB · Elizabeth City, NC
Zoning description

The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also pe…

General category COMMERCIAL

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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