$1,895,000 3,038 SF

500 Arendell St, Morehead City, NC 28557
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?

$1k

Tax billed · 2022

Assessed value · 2024$329k

Assessed land$96k

Assessed improvement$233k

Effective rate0.39%

Value estimate

· Nov 2026

$260k

$234k – $286k

NOI build-up

Gross scheduled income$78k

Vacancy & credit loss−$4k

Operating expenses−$33k

NOI · 2.12% cap applied$40k

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?

2.12%

$40k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?

This district is intended to create an active, pedestrian friendly downtown environment with a mix of residential and commercial uses des...

General categoryCOMMERCIAL

JurisdictionCARTERET

Location intelligence

Which uses thrive at this corner?

Best fit: HVAC Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

HVAC Service9.5

Pharmacy9.0

Plumbing Service8.9

500 Arendell St Morehead City, NC 28557

County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

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

Comparables

6 recorded sales · 15 properties nearby

Address Sale price Sold Size

5286 Hwy 70th W, Morehead City, NC 28557-4506 $665,000 Jan 2025 3,600 SF

1875 20th, Morehead City, NC 28557-4711 $525,000 Dec 2024 3,648 SF

1305 Arendell, Morehead City, NC 28557-4131 $555,000 Dec 2024 3,717 SF

912 Arendell, Morehead City, NC 28557-4142 $380,000 Dec 2023 2,400 SF

408 Arendell, Morehead City, NC 28557-4289 $450,000 May 2023 2,942 SF

5514 Hwy 70th W, Morehead City, NC 28557-4517 $530,000 Dec 2022 3,440 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$2,355,000

3,083 SF

3012 Arendell St

OFFICE BUILDING

3012 Arendell St, Morehead City, NC 28557-3319

View Details
Value Estimation
$225,000

2,616 SF

105 Banks St

OFFICE BUILDING

105 Banks St, Morehead City, NC 28557-2910

View Details
Value Estimation
$495,000

2,508 SF

5041 Executive Dr

OFFICE BUILDING

5041 Executive Dr, Morehead City, NC 28557-2507

View Details
Value Estimation
$305,000

3,726 SF

3402 Mandy Ln

OFFICE BUILDING

3402 Mandy Ln, Morehead City, NC 28557-3161

View Details
Value Estimation
$465,000

2,438 SF

3326 Bridges St

OFFICE BUILDING

3326 Bridges St, Morehead City, NC 28557-3218

View Details
Value Estimation
$745,000

4,068 SF

3701 John Platt Dr

OFFICE BUILDING

3701 John Platt Dr, Morehead City, NC 28557-4372

View Details

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