117 Water St, Elizabeth City, NC 27909-4415
This is a 3-story building constructed in 1885, located at the corner of Water and Fearing Streets, offering views of the Pasquotank River. The building has been owned by two families since its construction. Each floor has approximately 1,820 square feet, totaling 5,460 square feet. The first floor has ceiling heights of 11 feet, while the second and third floors have 10-foot ceilings. The building includes stairs to access the second and third floors, as well as a freight elevator of unknown condition. The building features a pitched heavy-duty rubber membrane roof that is approximately 10 years old. The original brick exterior is underneath vinyl siding. There were more than 26 original segmented windows measuring 6'5'' tall by 3' wide that have been blocked in with cinderblocks. The second and third floor each have 4 windows facing the River & Water Street, six windows per floor facing Fearing Street, two windows facing Poindexter in the rear, and six windows can be added to the third floor facing Main Street with HPC approval. The first floor was previously occupied by a tenant. The lot size is 0.04 acres.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Elizabeth City, NCElizabeth City. Always verify with local authorities before improvements.
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.