Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1903 W Church St Elizabeth City, NC 27909
    Back to Search
    Property profile & analytics

    1903 W Church St Elizabeth City, NC 27909

    View on Map
    • Commercial land
    For Sale
    $1,100,000
    View Listing →
    Prime Land Parcel For Sale For Sale
    $1,100,000
    3.94 Acres

    Prime Land Parcel For Sale

    3.94 AC land parcel with extensive road frontage.

    1903 W Church St, Elizabeth City, NC 27909
    View Listing
    Property ID
    US53-4411183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1903 W Church St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Price reduced by $195,000 on this prime 3.94AC parcel of land with 514.91' frontage on Halstead Ext, 604.44' fronting W Church St (Ext), and 177.04' on Ridgefield Drive that connects Halstead & Church. Traffic counts are 20,000 vehicles per day on Halstead Ext. Sewer line has been run on property but it would need to be annexed into the City limits to get City Sewer, Water, and Zoning. This process should be able to occur simultaneously with site plan approval. Subdividing property may be considered on a case by case basis. Approximately 3 of the 3.94AC are not in the flood zone, +/-0.3AC in X flood zone and +/-0.6AC in AE flood zone. Manager of LLC that owns property is a NC Licensed Real Estate Broker.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.25467
    Latitude
    36.29916

    Comparable in this City

    • Contact for pricing

      Commercial Land Near Sentara Hospital

      Commercial land with high visibility near hospital and college.
      1201 N Road St, Elizabeth City, NC 27909
      View Details
    • $1,100,000
      3.94 Acres

      Elizabeth City Land For Sale

      3.94 acre commercial land parcel in Elizabeth City, NC.
      1903 W Church St, Elizabeth City, NC 27909
      View Details
    • $700,000
      0.76 Acres

      Commercial Property in Elizabeth City

      Commercial property suitable for car repair or future development.
      425 Sam Davis St, Elizabeth City, NC 27909
      View Details
    • $550,000
      5.01 Acres

      Commercial Land on Rich Boulevard

      5.01-acre commercial lot with road frontage in Elizabeth City.
      130 E Rich Blvd, Elizabeth City, NC 27909
      View Details
    • $400,000

      2.82 Acres Commercial Land Parcel

      Prime commercial land with dual access and high visibility.
      00000 Halstead Boulevard Ext, Elizabeth City, NC 27909
      View Details
    • Contact for pricing

      Road Frontage Commercial Land

      High-traffic commercial land with road frontage near SECU.
      104 Northside Park, Elizabeth City, NC 27909
      View Details

    Similar Nearby for Sale

    • $198,000

      Commercial Land Near New Hospital

      Prime commercial land close to new hospital and commercial park.
      1068 Us Highway 17, Elizabeth City, NC 27909
      View Details
    • $165,000
      0.28 Acres

      Commercial Land on Hughes Boulevard

      Commercial land in high-traffic area on Hughes Blvd, Elizabeth City.
      Hughes Blvd, Elizabeth City, NC 27909
      View Details
    • $460,000
      1.23 Acres

      Elizabeth City Land For Sale

      1.234-acre commercial lot with high traffic frontage.
      530 S Hughes Blvd, Elizabeth City, NC 27909
      View Details
    • $425,000
      1.50 Acres

      Elizabeth City Land For Sale

      1.5 AC property in a prime location.
      108 Commercial Blvd, Elizabeth City, NC 27909
      View Details
    • $885,000

      Halstead Blvd Extension Land

      Commercial land with prime visibility in Elizabeth City, NC.
      0000 Halstead Boulevard Ext, Elizabeth City, NC 27909
      View Details
    • $199,000
      4.00 Acres

      Commercial Land on Highway 17

      4-acre commercial land parcel on Highway 17 in Elizabeth City.
      912 Berea Church Rd, Elizabeth City, NC 27909
      View Details

    Similar Nearby for Lease

    • $211 SF/Yr
      3,404 SF

      Downtown Elizabeth City Gem

      Historic building, ready for your vision
      100 Water St, Elizabeth City, NC 27909
      View Details
    • Contact for pricing

      Retail Space Near Southgate Mall

      Retail space available near Big Lots and Southgate Mall.
      830 Halstead Boulevard Ext, Elizabeth City, NC 27909
      View Details
    • $1,730 /Mo
      1,213 SF

      Downtown Elizabeth City Commercial Space

      Renovated commercial space in the heart of Elizabeth City.
      610 E Fearing St, Elizabeth City, NC 27909
      View Details
    • $1,400 /Mo
      1,175 SF

      Elizabeth City Office Space Available

      Office space for lease in established professional complex.
      1142 N Road St, Elizabeth City, NC 27909
      View Details
    • Contact for pricing

      Retail Spaces Available Near Walmart

      Retail spaces available near Walmart Supercenter with high visitor traffic.
      103 Tanglewood Pkwy, Elizabeth City, NC 27909
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1903 W Church St
    Elizabeth City, NC 27909
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1903 W Church St, Elizabeth City, NC, 27909
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!