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Property profile & analytics
OFF-MARKET Estimated value $650,000
Office buildings

1221 Carolina Ave Elizabeth City, NC 27909-5407

1.35 ac lot Built 1968
Entity Owned 1-yr Hold Free & Clear
Property ID
US53-4539316
Property summary
AI-generated overview

This exceptional 1.35-acre commercial property, located at 1221 Carolina Avenue in Elizabeth City, North Carolina, presents a unique investment opportunity. Boasting a substantial 14,295 square feet of space, this property is zoned AD1, offering a wide range of potential uses. The asking price is $650,000, translating to a price per square foot of $45.47. Originally constructed in 1968, the property's existing structure provides a solid foundation for redevelopment or repurposing. The ample lot size allows for significant flexibility in development plans. The property's location in Elizabeth City, Pasquotank County (zip code 27909), offers convenient access to local amenities and transportation routes. The property's Assessor's Parcel Number (APN) is 0010129. Preliminary work has already been undertaken, streamlining the process for future development. This property is ideal for investors seeking a versatile commercial space with significant upside potential. The property's size and zoning make it suitable for a variety of commercial ventures, ensuring a strong return on investment. Contact us today to learn more about this exciting opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Construction TYPE NOT SPECIFIED
Lot 1.35 ac (58,806 SF)
Zoning code AD1
APN 892310363721
UPID US53-4539316
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k
Owner & transaction history
Uplift Comprehensive Services INC · 1 yrs held
Uplift Comprehensive Services INC
since 2025
Last sale
$650,000
7 recorded transactions
2025
$650,000
2025
$8,000
2025
Price N/A
2024
$436,500
2023
$600,000
2017
$259,000
2017
$275,000
Zoning & alternative use
AD1 · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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