Property profile

2624 Hwy 24 Newport, NC 28570

OFF-MARKET
Grocery and convenience stores
Property ID
US53-2707398
2,581 SF 0.56 ac lot Built 1974
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,581 SF
Lot 0.56 ac (24,568 SF)
Zoning code B1
APN 6326.03.42.1277000
UPID US53-2707398

Cap rate & NOI

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

Location

2624 Hwy 24 Newport, NC 28570-8191
Newport metro Census 970701 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2022
Last sale
$200,000
6 recorded transactions
2026
Price N/A
2022
$200,000
2018
$88,000
2014
$58,275
2014
$58,500
2008
Price N/A

Zoning & alternative use

B1 · Newport, NC

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
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