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    FOR SALE
    Office buildings

    403 N 35Th St, Morehead City, NC 28557

    1,728 SF 0.29 ac lot Built 1996
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-2894931
    Property summary
    AI-generated overview

    This exceptional 2,318 square foot office building, situated on a 0.3-acre lot in Morehead City, North Carolina, presents a unique owner-user opportunity. Built in 1996 and renovated in 2019, this Class B property boasts a convenient location, less than half a mile from the local hospital and Highway 70. The building features a versatile layout, including five offices of varying sizes, a kitchenette, and a full bathroom on the main level. The second floor offers four additional offices and a half-bath, accessible via both an internal and an external staircase. The property is zoned OP and is currently vacant, providing immediate occupancy for a new owner. The building's 2-story design offers ample space for a variety of uses, making it ideal for medical practices or creative businesses. The property's address is 403 N 35th St, Morehead City, NC 28557, and its APN is 637614444051000. This is a rare chance to acquire a well-maintained, conveniently located office building in a thriving coastal community. The asking price is $420,000.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1996
    Construction WOOD
    Total area 1,728 SF
    Lot 0.29 ac (12,850 SF)
    APN 6376.14.44.4051000
    UPID US53-2894931
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Clinic Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Morehead City Treatment Center LLC · 8 yrs held
    Morehead City Treatment Center LLC
    since 2017
    3 recorded transactions
    2017
    $212,500
    2008
    $328,000
    2008
    $330,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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