Technical
Financial
Distress signals
Property profile

311 S Road St Elizabeth City, NC 27909

FOR LEASE
Retail space
Property ID
US53-4331131
0.07 ac lot Built 1945
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Constructed in 1945, this mixed-use building includes a front retail area and a separate rear space that is configured to support independent use and potential rental income. The property features recently refreshed interior finishes, with new flooring and paint in the front retail portion and 2024 upgrades in the rear area including new cabinets, a walk-in shower, new flooring, and appliances. A private garage provides additional on-site storage. Parking is provided for both the front and rear of the building, and an open area is present above the drop ceiling. The building is located at 311 S Road Street within Elizabeth City’s Historic Downtown District, within walking distance of downtown shops, restaurants, and the waterfront, and it is zoned GB, supporting an arrangement for an owner-operated commercial use alongside a separate rear area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction WOOD
Lot 0.07 ac (3,049 SF)
Zoning code GB
APN 891308787736
UPID US53-4331131

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
  • Nail Salon

Location

311 S Road St Elizabeth City, NC 27909
Elizabeth City metro Census 960400 ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2024
Last sale
$100,000
1 recorded transaction
2024
$100,000

Zoning & alternative use

GB · Elizabeth City, NC
Zoning description

The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also pe…

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
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