Property profile

264 Chatham St Newport, NC 28570

OFF-MARKET
Turn key restaurants
Property ID
US53-2450909
4,320 SF 0.19 ac lot Built 1962
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,320 SF
Lot 0.19 ac (8,494 SF)
Zoning code CD
APN 6348.10.26.5158000
UPID US53-2450909

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
  • Gym & Fitness Center

Location

264 Chatham St Newport, NC 28570-8515
Newport metro Census 970703 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2015
4 recorded transactions
2015
$46,000
2012
$100,000
2012
$100,000
1969
Price N/A

Zoning & alternative use

CD · Newport, NC
Zoning description

a. R8-CD. b. R-10-CD. c. R-15-CD. d. R-15D-CD. e. R-20-CD. f. R-20A-CD. g. R-20MH-CD. h. RO-CD. i. NB-1-CD. j. CD-CD. k. CH-CD. l. LI-CD. m. IW-CD. Ord. 2021-02, passed 6-14-21) Share Download Bookmark Print § 6-2.6 PLAN…

General category COMMERCIAL

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 264 Chatham 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