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    OFF-MARKET
    Storefront properties

    117 Water St, Elizabeth City, NC 27909-4415

    0.06 ac lot Built 1990
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US53-4553176
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Storefront properties
    Use group COMMERCIAL (GENERAL)
    Year built 1990
    Construction WOOD
    Lot 0.06 ac (2,483 SF)
    Zoning code CB
    APN 891308993680
    UPID US53-4553176
    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
    • Albemarle & Associates Ltd Engineer
    • Singer Sewing & Vacuum Center (Bike/Boat/Book/etc) Store
    • Cascade Financial Planning Financial Advisor
    • Cascade Financial Planning of Raymond James Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ecbc LLC · 7 yrs held
    Ecbc LLC
    since 2018
    2 recorded transactions
    2018
    $265,000
    2005
    $425,000
    Zoning & alternative use
    CB · Elizabeth City, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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