Property profile

2401 Arendell St Morehead City, NC 28557

OFF-MARKET
Office buildings
Property ID
US53-2899449
1,256 SF 0.09 ac lot Built 1960
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The commercial property at 2401 Arendell Street in Morehead City, North Carolina is located along a primary traffic route to and from the Morehead City/Atlantic Beach Bridge. It was remodeled in 2019 and has a total building area of approximately 560 square feet on a lot of about 0.09 acres. The interior configuration includes living space and a kitchen area, with an outdoor patio. The property is situated on a high lot and is described as not requiring flood insurance. It is zoned HC-Highway Comm and is suitable for a range of commercial or live/work uses. Access is described via the Upper Evans St Neighborhood, and the property notes public water availability at the end of each numbered street. Parking includes 4 spaces on-site, with additional public street parking available on 24th Street.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,256 SF
Lot 0.09 ac (3,790 SF)
Zoning code R5
APN 6386.17.01.2703000
UPID US53-2899449

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Employment Agency

Location

2401 Arendell St Morehead City, NC 28557-3954
Morehead City metro Census 970403 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2019
$181,000
1969
Price N/A

Zoning & alternative use

R5 · Morehead City, NC
Zoning description

This district is intended to allow single-family dwellings at a density of up to eight units per acre on minimum 5000 square foot lots, while protecting the quiet residential character and preventing blight or slum condi…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2401 Arendell St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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