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Property profile

529 S Hughes Blvd Elizabeth City, NC 27909

Office buildings
Property ID
US53-4102277
View Sample
1.21 ac lot Built 2004
Individually Owned 6-yr Hold Free & Clear
529 S Hughes Blvd, Elizabeth City, NC 27909 For Sale
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529 S Hughes Blvd, Elizabeth City, NC 27909
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Property summary

AI-generated overview

This exceptional two-story office building, constructed in 2004, presents a unique owner-occupant opportunity in Elizabeth City, North Carolina. Located at 529 S Hughes Blvd, this property boasts a substantial 8,100 square feet of space, situated on a 1.21-acre lot. The asking price is $1,000,000, translating to a price per square foot of $123.46. The building features ample parking, with 34 spaces available for tenants and employees. This traditional office building is ideal for a business seeking a prominent location in Pasquotank County, offering both space and convenience. The property's size and location make it suitable for a variety of uses, providing significant potential for growth and expansion. The building's solid construction and well-maintained condition ensure a comfortable and productive work environment. With its strategic location and substantial square footage, this property represents a compelling investment opportunity in a thriving North Carolina community. The zip code is 27909. This is a single-building property with two stories.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction WOOD
Lot 1.21 ac (52,708 SF)
Zoning code GB
APN 891309075124
UPID US53-4102277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2020
Last sale
$150,000
1 recorded transaction
2020
$150,000

Zoning & alternative use

GB · Elizabeth City, NC
Zoning description

The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also pe…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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