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Property profile & analytics
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
Zoning description

The CB Central Business District is primarily intended to accommodate a wide variety of commercial activities, particularly those that are pedestrian oriented, in an intensive development pattern in the city central business district (CBD), the regulations of this district are intended to preserve the general character and integrity of the current developmen…

Zone name Central Business
General category CIVIC_INSTITUTIONAL
Zone area 84.52 ac
Source Realmo
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