Property profile & analytics
305 Commerce Ave Morehead City, NC 28557-2968
- Office buildings
- 2,795 SF
- 0.31 lot acres
OFF-MARKET
Value Estimations
$510,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-2524740
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.
Current Use by Public Records
- Dr. Virginia Bradley / Physician
- Coastal Southeastern United Care / Crisis Center / Medical Clinic
- Jacqueline Jaloszynski / Physician
- Leah Fleischhauer / Physician
Property Details for 305 Commerce Ave
- Year built
- 2000
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.31 lot acres
- Property size
- 2,795 SF
- Property type
- Office buildings
- APN
- 6376.15.63.3889000
- APU
- 637615633889000
Description
This exceptional 3,341 square foot office building, constructed in 2000, presents a fantastic leasing opportunity in the heart of Morehead City, NC. Located at 305 Commerce Ave, near Bridges, this two-story building offers a flexible layout ideal for a variety of uses, including traditional office, medical office, or creative office spaces. Currently, 1,800 square feet of space is immediately available for lease, perfect for a growing business or medical practice. The property features multiple rooms adaptable to various needs, such as individual offices, exam rooms, or conference rooms. Shared amenities include two bathrooms, a welcoming reception area, and a spacious lobby. Ample parking is provided, with off-street parking designated for both clients and employees, totaling 18 spaces. Utilities and janitorial services are included, adding to the convenience and value of this property. The building is zoned Commercial and situated in Carteret County, offering easy access to local amenities and transportation. This is a rare opportunity to secure a well-maintained, centrally located office space in a thriving coastal community. Don't miss out on this chance to establish your business in a prime Morehead City location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $770,000
- 6.5%
- $710,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $612,000
- AI Estimate
- $430,000
Market price range: $271k - $707kMarket price range: $160k - $444k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $435,000 Current use
- COMMERCIAL (GENERAL)
- $695,000 Change: +60% Conversion: Easy
- RETAIL STORES
- $490,000 Change: +13% Conversion: Moderate
- MEDICAL BUILDING
- $390,000 Change: -10% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Morehead City
- County
- Carteret
- State
- North Carolina
- Longitude
- -76.7484
- Latitude
- 34.729
- CBSA code
- 33980
- CBSA name
- MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,108
$186,796
$358,576
$545,372
-
$186,796
$358,576
$545,372
