Property summary
500 Arendell St is a renovated historic building in Morehead City that was converted from the former Tidewater Power Building into a bed-and-breakfast-style property with flexible on-site accommodations. The first floor includes a one-bedroom, one-bath efficiency unit and two spacious two-car garage bays. The second floor provides an open-concept layout with a kitchen featuring custom woodwork and exposed beams, a living room, an office space, two bedrooms, and two bathrooms, and the exterior includes a rooftop deck with a hot tub. The property is located across from the historic waterfront Business District and near Big Rock Landing, with access to nearby dining, shopping, and entertainment. The renovations were engineered for hurricane-force wind conditions, and the building was engineered to support future expansion; approved plans include adding a third floor with four additional one-bedroom, one-bath units, each with a private deck. Materials are on-site to create an additional efficiency unit on the second floor with a living room, dining room, kitchen, laundry, one bedroom, and one bathroom.
Property profile
VerifiedCap rate & NOI
Current use
-
Food Processing Plant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is intended to create an active, pedestrian friendly downtown environment with a mix of residential and commercial uses designed for compatibility and visual appeal.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CD · Morehead City, NCThis district is intended to create an active, pedestrian friendly downtown environment with a mix of residential and commercial uses designed for compatibility and visual appeal.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is intended to create an active, pedestrian friendly downtown environment with a mix of residential and commercial uses designed for compatibility and visual appeal.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CD in Morehead City, NC.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight