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    501 35th St Morehead City, NC 28557-3120
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    Property profile & analytics

    501 35th St, Morehead City, NC 28557-3120

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    • Office buildings
    • 5,248 SF
    • 1.01 lot acres
    Off-Market
    Last Sale Oct 4, 2024
    $850,000
    Property ID
    US53-2751593
    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.

    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Grove on 35th / Coworking & Hybrid Office

    Property Details for 501 35th St

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.01 lot acres
    Zone code
    R20
    Property type
    Office buildings
    APN
    6376.14.44.5403000
    APU
    637614445403000

    Description

    This exceptional 5,286-square-foot industrial warehouse in Morehead City, North Carolina, presents a unique investment opportunity. Located in a prestigious office park setting at 501 N 35th Street, this well-maintained brick building boasts a versatile interior layout. Currently configured with 18 individual offices, multiple conference rooms, a break room/kitchen, and a spacious common area, the property offers significant flexibility for various business needs. Several entry points enhance accessibility and operational efficiency. A substantial 1,200-square-foot walk-up area, complete with HVAC and sheetrock walls, provides ample potential for storage expansion or additional workspace. Ample parking is available, conveniently situated on both 35th Street and John Platt Road. The property's beautifully landscaped surroundings contribute to its attractive and professional appeal. This single-tenant property is situated in Carteret County, NC, zip code 28557, and is priced competitively below market value. The property is classified as both industrial and commercial, offering a wide range of potential uses. This is a rare opportunity to acquire a well-maintained, versatile property in a desirable location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $850,000
      ML approach
      $850,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $719,000
      Market price range: $509k - $1.33M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $815,000
      Current use
      COMMERCIAL (GENERAL)
      $1,310,000
      Change: +60% Conversion: Easy
      RESTAURANT
      $1,170,000
      Change: +43% Conversion: Moderate
      RETAIL STORES
      $925,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $735,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.7546
    Latitude
    34.7306
    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
    $2,131
    $189,375
    $451,720
    $641,095
    -
    $189,375
    $451,720
    $641,095
    More about this property
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