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
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,795 SF
Lot 0.31 ac (13,504 SF)
APN 6376.15.63.3889000
UPID US53-2524740

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
  • Crisis Center Medical Clinic
  • Physician
  • Physician

Location

305 Commerce Ave Morehead City, NC 28557
Morehead City metro Census 970401 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$710k
Comparable Approach Comparable
$612k
Blend (final) Blend
$285k

Owner & transaction history

since 2017
1 recorded transaction
2017
$370,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $695,000 +60.1%
Retail stores $490,000 +13.1%

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?”
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