Elizabeth City, NC
Commercial Real Estate Market Trends & Data

$202 Avg asking sale price
$856,691 Avg asking lease rate
434,426 SF Avg unit lease size
38,318 SF Avg building size for sale
7.14% Average cap rate

Elizabeth City's Demographic Profile

Elizabeth City has 7,999 households and a median income of $48,041, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 19,892
# Households 7,999
Median age 37
Median household income $48,041
Avg household size 2.0
Renter-occupied housing units 4,242
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Elizabeth City, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Elizabeth City $214 7,506 SF 8.65%
Chesapeake $199 27,998 SF 7.88%
Kitty Hawk $229 6,400 SF 5.98%
Virginia Beach $194 18,878 SF 11.84%
Nearby Retail Markets Avg Cost/SF Typical Size
Elizabeth City $314 6,384 SF
Camden $238 11,120 SF
Sunbury $111 8,912 SF
Edenton $189 5,862 SF
Chesapeake $262 15,774 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Elizabeth City $173 15,600 SF 9.04%
Chesapeake $175 66,510 SF 6.95%
Virginia Beach $255 36,684 SF 6.95%
Suffolk $72 18,000 SF 8.68%
Portsmouth $194 53,803 SF 9.70%

Commercial Properties For Sale in Elizabeth City

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Walgreens

Elizabeth City, NC 27909

  • 14,550 SF Retail Building
  • 7.75% Cap Rate
  • $4,194,000
For Sale

104 W Main St

Elizabeth City, NC 27909

  • 6,970 SF Office Building
  • $650,000
For Sale

Express Oil Change

Elizabeth City, NC 27909

  • 5,723 SF Retail Building
  • 5.70% Cap Rate
  • $3,017,544
For Sale

3825 Conlon Way

Elizabeth City, NC 27909

  • 8,056 SF Retail Building
  • 6.25% Cap Rate
  • $4,898,048
For Sale

0 Continental Dr

Elizabeth City, NC 27909

  • 1.53 AC Lot
  • 1 Commercial Lot
  • $1,200,000
For Sale

201-207 N Water St

Elizabeth City, NC 27909

  • 6,664 SF Retail Building
  • $299,990 - $449,999

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Elizabeth City pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Elizabeth City $202 38,318 SF
Camden $147 9,060 SF
Moyock $135 19,243 SF

Regional Demographic Comparison

This comparison places Elizabeth City alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Elizabeth City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Elizabeth City 19,892 7,999 37 $48,041 2 4,242 3%
Hertford 2,019 849 43 $51,949 2 381 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Elizabeth City, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Elizabeth City

View All Commercial Real Estate For Sale in Elizabeth City
Is Elizabeth City a good market for a first-time commercial real estate investor?

Elizabeth City offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Elizabeth City?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Elizabeth City. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Elizabeth City?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Elizabeth City. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Elizabeth City compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Elizabeth City. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Elizabeth City acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Elizabeth City, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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