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    Property profile & analytics

    500 Hughes Blvd Elizabeth City, NC 27909-4529

    • Grocery and convenience stores
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Last Sale
    Dec 22, 2021
    $1,030,000
    Location Intelligence
    Property ID
    US53-4100073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marathon / Gas Station
    • Cenex KCK's / Gas Station
    • Marathon Gas / Gas Station
    • Eagle Mart / Gas Station / Convenience Store

    Property Details for 500 Hughes Blvd

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Zone code
    GB
    Property type
    Grocery and convenience stores
    APN
    891309171221
    APU
    891309171221

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,140,000
      6.5%
      $1,095,000
      7%
      $1,080,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,175,000
      Geo Method
      $990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $885,000
      Retail
      $935,000
      Mixed-Use
      $975,000
      Hospitality
      $865,000
      Educational
      $905,000
      Residential Income
      $1,195,000
      Energy
      $1,100,000
      Income-Based Land
      $895,000
      Food Service
      $875,000

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.2472
    Latitude
    36.2943
    CBSA code
    21020
    CBSA name
    ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $432,700
    -
    $220,700
    $212,000
    $432,700

    Comparable in this City

    • Value Estimation by Request
      1.33 Acres

      1542 Weeksville Rd

      CONVENIENCE STORE • 1.33 Acres
      1542 Weeksville Rd, Elizabeth City, NC 27909-7802
      View Details
    • Value Estimation by Request
      2.60 Acres

      3805 Conlon Way

      GROCERY, SUPERMARKET • 2.60 Acres
      3805 Conlon Way, Elizabeth City, NC 27909-7661
      View Details
    • Value Estimation by Request
      1.06 Acres

      1013 Rd St

      CONVENIENCE STORE • 1.06 Acres
      1013 Rd St, Elizabeth City, NC 27909-3333
      View Details
    • Value Estimation by Request
      0.86 Acres

      1014 Us Hwy 158

      GROCERY, SUPERMARKET • 0.86 Acres
      1014 Us Hwy 158, Elizabeth City, NC 27909-8518
      View Details
    • Value Estimation by Request
      1.24 Acres

      444 Hughes Blvd

      CONVENIENCE STORE • 1.24 Acres
      444 Hughes Blvd, Elizabeth City, NC 27909-4563
      View Details
    • Value Estimation
      $430,000
      0.52 Acres

      110 Ehringhaus St

      CONVENIENCE STORE • 0.52 Acres
      110 Ehringhaus St, Elizabeth City, NC 27909-4940
      View Details

    Similar Nearby for Sale

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      Retail Property in Elizabeth City

      Retail property available for sale in Elizabeth City, NC.
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      Port Elizabeth Center: Prime Retail Investment

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    Similar Nearby for Lease

    • $1,827 /Mo
      1,200 SF

      Commercial Unit in Elizabeth City

      Commercial unit with high ceilings, office, and restroom.
      1831 Weeksville Rd, Elizabeth City, NC 27909
      View Details
    • $1,827 /Mo
      1,200 SF

      Elizabeth City Commercial Unit

      Versatile commercial unit suitable for various business uses.
      1831 Weeksville Rd Unit, Elizabeth City, NC 27909
      View Details
    • $9 SF/Yr
      95,500 SF

      Roses Plaza Retail Space - Elizabeth City, NC

      High-traffic retail outparcels available.
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      View Details
    • $2,200 /Mo
      1,400 SF

      Retail Space in Elizabeth City

      1,400 SF retail space for lease in Elizabeth City.
      1853 W Ehringhaus St, Elizabeth City, NC 27909
      View Details
    • $3,000 /Mo
      3,000 SF

      Elizabeth City Retail Space Available

      3,000 SF commercial space with drive-thru in Elizabeth City.
      1141 N Rd St Unit, Elizabeth City, NC 27909
      View Details
    • $6,000 /Mo
      6,000 SF

      Elizabeth City Commercial Space Available

      6,000 SF commercial space with flexible floor plan.
      1141 N Rd St Unit, Elizabeth City, NC 27909
      View Details
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    500 Hughes Blvd
    Elizabeth City, NC 27909-4529
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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