Property profile

302 Penny Ln Morehead City, NC 28557

OFF-MARKET
Medical Office Space
Property ID
US53-0534186
3,355 SF 0.43 ac lot Built 1976
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,355 SF
Lot 0.43 ac (18,731 SF)
Zoning code MA
APN 6376.14.33.9690000
UPID US53-0534186

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
  • Physician
  • Physician
  • Crisis Center Medical Clinic

Location

302 Penny Ln Morehead City, NC 28557-4306
Morehead City metro Census 970401 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2009
1 recorded transaction
2009
$445,000

Zoning & alternative use

MA · Morehead City, NC
Zoning description

This district is intended to allow flexible, noncommercial development of large institutional campuses such as schools, churches, and government uses, under unified control.

General category CIVIC_INSTITUTIONAL

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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