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    Property profile & analytics

    5000 Business Dr Morehead City, NC 28557-6316

    • Warehouses
    • 8,310 SF
    • 2.46 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US53-3985501
    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

    • H and L Metalwork Home page / Sheet Metal Contractor
    • Walley’s Mobile Detailing / Car Detailing Service
    • A-1 Storage Solutions / Self-Storage Facility
    • Crystal Coast Transmission / Transmission Shop
    • Marine 1 Services, Inc / Boat Repair Shop

    Property Details for 5000 Business Dr

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    2.46 lot acres
    Property size
    8,310 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    6366.01.28.8284000
    APU
    636601288284000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $455,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $415,000
      Mixed-Use
      $385,000
      Hospitality
      $500,000
      Educational
      $410,000
      Residential Income
      $385,000
      Energy
      $445,000
      Income-Based Land
      $435,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.7931
    Latitude
    34.7429
    CBSA code
    33980
    CBSA name
    MOREHEAD 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
    2022
    $4,296
    $369,000
    $928,293
    $1,297,293
    -
    $369,000
    $928,293
    $1,297,293

    Comparable in this City

    • Value Estimation
      $395,000
      10,646 SF

      404 Bridges St

      MINI-WAREHOUSE, STORAGE • 10,646 SF
      404 Bridges St, Morehead City, NC 28557
      View Details
    • Value Estimation
      $420,000
      7,000 SF

      5070 Business Dr

      MINI-WAREHOUSE, STORAGE • 7,000 SF
      5070 Business Dr, Morehead City, NC 28557
      View Details
    • Value Estimation
      $505,000
      6,400 SF

      300 Friendly Rd

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      300 Friendly Rd, Morehead City, NC 28557-6236
      View Details
    • Value Estimation
      $1,270,000
      48,840 SF

      5476 Hwy 70th W

      MINI-WAREHOUSE, STORAGE • 48,840 SF
      5476 Hwy 70th W, Morehead City, NC 28557-4510
      View Details
    • Value Estimation
      $435,000
      3,000 SF

      2404 Mayberry Loop Rd

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      2404 Mayberry Loop Rd, Morehead City, NC 28557
      View Details
    • Value Estimation
      $940,000
      3,375 SF

      1213 20th St

      MINI-WAREHOUSE, STORAGE • 3,375 SF
      1213 20th St, Morehead City, NC 28557
      View Details

    Similar Nearby for Sale

    • $1,650,000
      10.09 Acres

      Coastal Industrial Land - Morehead City, NC

      10 Acres, Water/Sewer, Opportunity Zone
      5081 Business Dr, Morehead City, NC 28557
      View Details
    • $2,550,000
      13,813 SF

      2904 Arendell St

      Lifestyle centers • 13,813 SF
      2904 Arendell St, Morehead City, NC 28557
      View Details
    • $1,750,000
      5,540 SF

      Morehead City Mixed-Use Gem

      Historic Downtown B&B, Huge Potential
      500 Arendell St, Morehead City, NC 28557
      View Details
    • $299,900
      0.35 Acres

      Waterfront Lot in Mariners Point

      Build your dream home on this waterfront lot!
      1823 Olde Farm Rd, Morehead City, NC 28557
      View Details
    • $1,900,000
      1.76 Acres

      Prime Commercial Land Opportunity

      Commercial land in Morehead City, suitable for various developments.
      212 N 35Th St, Morehead City, NC 28557
      View Details
    • New
      $1,590,000
      1.71 Acres

      Waterfront Lot in Morehead City

      1.7-acre deepwater lot with approved dock permit.
      964 Country Club Rd, Morehead City, NC 28557
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      3,820 SF

      Morehead City Warehouse Space

      3,820 square foot warehouse space available for lease.
      1875 N 20Th St, Morehead City, NC 28557
      View Details
    • $1,700 /Mo
      20,909 SF

      Morehead City Commercial Storage Unit

      Commercial storage unit for rent in Morehead City, NC.
      5071 Business Dr, Morehead City, NC 28557
      View Details
    • $15 SF/Yr
      8,325 SF

      Morehead City Retail Space

      Prime retail space, 8,325 sq ft, available now.
      2900 Arendell St, Morehead City, NC 28557
      View Details
    • $150 SF/Yr
      1,908 SF

      Morehead City Office Space for Lease

      1908 sq ft, 8 offices, 2 baths
      5039 Executive Dr, Morehead City, NC 28557
      View Details
    • Contact for pricing
      5,636 SF

      Retail Space in Cypress Bay

      Highly visible shopping center with national retail tenants.
      5167 Hwy 70 W, Morehead City, NC 28557
      View Details
    • $1,200 /Mo
      1,500 SF

      Morehead City Retail/Office Space

      1500 sq ft unit in busy shopping center.
      3025 Bridges St, Morehead City, NC 28557
      View Details
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    Morehead City, NC 28557-6316
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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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