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Executive Center 3118 N Croatan Hwy 4,480 SF 100% Leased Office Building Kill Devil Hills, NC 27948 $1,100,000 ($245.54/SF) 5.98% Cap Rate
Investment Highlights
- Heavy Seasonal Traffic.
- Lit intersection
Executive Summary
Multi office Unit with one primary tenant on the first floor and six more on the second floor located in the Executive Center on the corner of Croatan Hwy and W. Helga St. corner of . Primary first floor tenant is on a 5 year lease with options to renew. 100% Occupied. Recent Appraisal on file. One or more of the owners are licensed North Carolina Real Estate Brokers.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,480 SF
Building Class
B
Year Built/Renovated
1987/2021
Price
$1,100,000
Price Per SF
$245.54
Cap Rate
5.98%
NOI
$65,791
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,240 SF
Building FAR
0.06
Lot Size
1.63 AC
Zoning
Commercial - Commercial
Parking
20 Spaces (4.46 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Fiber Optic Internet
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Church of The Outer BAnks
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Church of The Outer BAnks | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 007693000 | Total Assessment | $846,300 (2025) |
| Land Assessment | $480,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $366,300 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
007693000
Land Assessment
$480,000 (2025)
Improvements Assessment
$366,300 (2025)
Total Assessment
$846,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Resort Realty of The Outer Banks, Inc.
Executive Center | 3118 N Croatan Hwy
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