7245 Old Oregon Inlet Rd, Nags Head, NC 27959
Prime 0.44-acre oceanfront commercial lot in Nags Head, NC, offers 5,263 square feet of retail space built in 2004. Zoned CR, this property presents a significant investment opportunity. The existing structure boasts eight spacious bedrooms, each with a private bath, catering to a high-demand rental market. Amenities include a home theater, game room, oversized heated pool and hot tub, elevator, and stunning ocean views. High-end finishes throughout, including gleaming hardwood floors, granite countertops, and fresh paint, create a luxurious atmosphere. Additional features include a private walkway to the beach, covered deck, and a ground-level ensuite bedrooms. Outdoor amenities provide further entertainment options with a volleyball court and basketball hoop. The property's prime location, within walking distance of restaurants and attractions like Jennette's Pier, ensures strong rental potential. The property's existing high rental income further solidifies its investment value. This turnkey operation is ready for immediate income generation. The kitchen is upgraded with granite countertops and stainless steel appliances. The property includes a gas fireplace, ceiling fans, heat pump, and various flooring types. Accessibility features include an elevator and handicap access. This exceptional property offers a unique blend of luxury, convenience, and high rental income potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.