Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5317 Hwy 70th W Morehead City, NC 28557-4509

    • Strip malls
    • 17,210 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimation
    $1,690,000
    Last Sale
    Oct 02, 2020
    $1,350,000
    Location Intelligence
    Property ID
    US53-2655143
    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

    • Dick Lewis - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • BEAUTY BAR / Beauty Salon
    • The Hair Factory Salon Suites / Hair Salon
    • Sears Heating and Air Conditioning / Air Conditioning Contractor / Bathroom Remodeler
    • Waxing Down Yonder / Beauty Salon

    Property Details for 5317 Hwy 70th W

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    1.44 lot acres
    Property size
    17,210 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    6356.07.57.1822000
    APU
    635607571822000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,895,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,270,000
      6.5%
      $1,275,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,440,000
      Geo Method
      $1,350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,355,000
      Retail
      $1,365,000
      Mixed-Use
      $1,305,000
      Hospitality
      $1,600,000
      Educational
      $1,470,000
      Residential Income
      $1,495,000
      Energy
      $1,475,000
      Income-Based Land
      $1,460,000
      Food Service
      $1,345,000

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.8188
    Latitude
    34.741
    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
    $4,553
    $722,435
    $652,656
    $1,375,091
    -
    $722,435
    $652,656
    $1,375,091

    Comparable in this City

    • Value Estimation
      $795,000
      8,832 SF

      4119 Arendell St

      SHOPPING CENTER, STRIP CENTER • 8,832 SF
      4119 Arendell St, Morehead City, NC 28557-2857
      View Details
    • Value Estimation
      $575,000
      16,438 SF

      801 Arendell St

      SHOPPING CENTER, STRIP CENTER • 16,438 SF
      801 Arendell St, Morehead City, NC 28557-4287
      View Details
    • Value Estimation
      $400,000
      5,358 SF

      411 Arendell St

      SHOPPING CENTER, STRIP CENTER • 5,358 SF
      411 Arendell St, Morehead City, NC 28557
      View Details
    • Value Estimation
      $395,000
      5,504 SF

      501 Arendell St

      SHOPPING CENTER, STRIP CENTER • 5,504 SF
      501 Arendell St, Morehead City, NC 28557
      View Details
    • Value Estimation
      $485,000
      15,684 SF

      5209 Hwy 70th W

      SHOPPING CENTER, STRIP CENTER • 15,684 SF
      5209 Hwy 70th W, Morehead City, NC 28557-4544
      View Details
    • Value Estimation
      $620,000
      12,305 SF

      2302 Arendell St

      SHOPPING CENTER, STRIP CENTER • 12,305 SF
      2302 Arendell St, Morehead City, NC 28557-3967
      View Details

    Similar Nearby for Sale

    • $2,550,000
      13,813 SF

      2904 Arendell St

      Lifestyle centers • 13,813 SF
      2904 Arendell St, Morehead City, NC 28557
      View Details
    • $450,000
      2,248 SF

      Morehead City Retail Corner Lot

      High-traffic Hwy 70 E retail space. Vacant, ready for your business.
      4415 Arendell St, Morehead City, NC 28557
      View Details
    • $1,100,000

      Restaurant Ready Building For Sale

      Restaurant-ready building with kitchen and walk-in coolers for sale.
      3010 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
    • New
      $14,000,000
      9.50 Acres

      Waterfront Land Near ICW Access

      9.5 acres of waterfront land with ICW access.
      Marine Dr, Morehead City, NC 28557
      View Details
    • $325,000
      0.25 Acres

      Residential Lot with Water Views

      Residential lot in Morehead City with water views.
      201 Pensacola Ave, Morehead City, NC 28557
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $8 SF/Yr
      2,248 SF

      Hwy 70 E Morehead City Office Space

      Prime Morehead City location, high traffic area.
      4415 Arendell St, Morehead City, NC 28557
      View Details
    • Contact for pricing
      90,000 SF

      Former Kmart Retail Space Available

      90,000 SF retail space for lease on Arendell Street.
      4915 Arendell St, 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
    • Contact for pricing

      Former Kmart Retail Space

      90,000 SF retail space in Morehead City, NC.
      Morehead City, NC 28557
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5317 Hwy 70th W
    Morehead City, NC 28557-4509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.