Financial
Distress signals
Property profile

305 Commerce Ave Morehead City, NC 28557

FOR SALE
Office buildings
Property ID
US53-2524740
2,795 SF 0.31 ac lot Built 2000
Last sale Jun 2017 · $370,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a brick specialty building constructed in 2000, located at 305 Commerce Avenue in Morehead City, North Carolina. It is configured with multiple portions, including a space that can be used alongside other occupied areas within the same building, allowing for an owner-user arrangement while maintaining occupancy in the remaining portion. The property is located in an area zoned for commercial use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2024$545k
Assessed land$187k
Assessed improvement$359k
Effective rate0.57%

Value estimate

· Sep 2026
$285k
$257k – $314k
CAP approach$710k
Sales comparison$612k
NOI build-up
Gross scheduled income$117k
Vacancy & credit loss−$16k
Operating expenses−$25k
NOI · 8.17% cap applied$76k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$156/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$97 – $253
Qualifying comparables3

Cap rate analysis

How does the asset earn?
8.17%
$76k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCARTERET

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.1
Auto Parts Store9.1
Bakery9.0

Location

305 Commerce Ave Morehead City, NC 28557
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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