NOT LISTED FOR SALE

1208 E Main St Havelock, NC 28532

Studio
-- Bath
10,300 Sq Ft
1.19 Acres

Last Sold October 06, 2021

Last sale price $900,000 $87 Per Sq Ft

1,215 Days on Market

Highlights

  • 1.19 Acre Lot
  • Tile Flooring
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of October 2021

Investment Opportunity. Class A 2-story office bldg of 10,300 sqft, currently leased at $133,612/yr to long term tenant. Cap rate of 11.54%. Tenant responsible for normal maintenance. Property includes extra land w/additional parking lot, backup generator, drive-thru window, elevator, walkin vault and no deferred maintenance.

Last Agent to Sell the Property

Walter Compton

Coldwell Banker Watson Properties License #143233 Listed on: 03/15/2018

Last Buyer's Agent

Walter Compton

ERA Tetterton Management Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,332

Year Built

  • Built in 1981

Lot Details

  • 1.19 Acre Lot
  • Property is zoned CH

Home Design

  • 10,300 Sq Ft Home
  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding

Flooring

  • Carpet
  • Concrete
  • Tile

Parking

  • Lighted Parking
  • Driveway
  • Paved Parking
  • Off-Street Parking
  • Deeded Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6-101-139

Property Details

Property Type

Other

Est. Annual Taxes

$11,332

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Deeded Parking
  • Sub Type2: Office
  • Agreement Service: Full Service
  • Agreement Type: Exclusive Right to Sell
  • Auction: No
  • Basement: None
  • Cobra Zone: No
  • Construction: Concrete
  • Cooling System: Central
  • Deed Book: 959
  • Deed Page: 820.00
  • Directions To Property: 1208 East Main Street, Havelock. Former Corporate headquarters of First Flight Credit Union.
  • Foundation: Slab
  • H O A: No
  • Listing I D: 100105847
  • List Priceper Sq Ft: 97.09
  • Location Type: Mainland
  • Lot Acres: 1.19
  • Lot Dimensions: 150x350 plus 130x160
  • Lot Sq Ft: 51836.00
  • Lot Water Features: None
  • Marketing City: Havelock
  • M L S Approved: Y
  • New Construction: No
  • Post Closing Seller Concessions: No
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: 4+ Lanes, Maintained, Paved, Public (City/Cty/St)
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 10300.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Subdivision: Not In Subdivision
  • Tax Identifier: 6-101-139
  • Tax Year: 2017
  • Terms: Cash, Conventional
  • Total Real Estate Property Taxes: 11332.17
  • Water Heater: Electric
  • Year Built: 1981
  • Zoning: CH
  • Appointment Contact: Walter Compton 252-342-6008
  • C And I Features: ADA Compliant, Elevator Pass, Reception Area, Security System, See Remarks
  • Definition: RE W/O Business
  • Financial Info Cap Rate Percent: 11.54
  • Financial Info Financial Info: Yes
  • Financial Info Gross Income: 130036.08
  • Financial Info Insurance Expense: 3270.15
  • Financial Info Net Operating Income: 115390.38
  • Financial Info Real Estate Taxes: 11332.17
  • Financial Info Total Annual Expenses: 3619.38
  • Location: Gen Bus District
  • Number Of Units: 1
  • Road Trans Access Airport: 11 - 15 Miles
  • Sale Lease: Sale
  • Sale Lease Includes: Buildings
  • Space: No
  • Sq Ft Apx Total: 10300.00
  • Sq Ft Office: 10300.00
  • Sq Ft Total Available: 10300.00
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Attic: None
  • Flooring: Carpet, Concrete, Tile

Exterior Features

  • Roof: Membrane

Garage/Parking

  • Parking Driveway: Lighted, Off Street, Paved
  • Garage: No

Utilities

  • Heating System: Forced Air
  • Utilities: City Water, Municipal Sewer, Natural Gas Available

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2025
Sold by
5 Fold Llc
Bought by
Craven County

Purchase Details

Listed on
Mar 15, 2018
Closed on
Oct 4, 2021
Sold by
First Flight Federal Credit Union
Bought by
5 Fold Llc
Seller's Agent
Walter Compton
Coldwell Banker Watson Properties
Buyer's Agent
Walter Compton
ERA Tetterton Management Group
List Price
$1,000,000
Sold Price
$900,000
Premium/Discount to List
-$100,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 1980
Sold by
Cherry Point Federal Credit Union
Bought by
First Flight Federal Credit Union
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Craven County $1,250,000 None Listed On Document
5 Fold Llc $900,000 None Available
First Flight Federal Credit Union -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5 Fold Llc $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $900,000 -10.0% $87 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
03/15/2018 03/15/18 For Sale $1,000,000 -- $97 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,346 $888,260 $122,960 $765,300
2024 $10,258 $888,260 $122,960 $765,300
2023 $9,991 $888,260 $122,960 $765,300
2022 $11,539 $1,003,380 $172,580 $830,800
2021 $11,539 $1,003,380 $172,580 $830,800
2020 $11,433 $1,003,380 $172,580 $830,800
2019 $11,433 $1,003,380 $172,580 $830,800
2018 $11,332 $1,003,380 $172,580 $830,800
2017 $11,332 $1,003,380 $172,580 $830,800
2016 $11,332 $1,663,400 $460,200 $1,203,200
2015 $16,260 $1,663,400 $460,200 $1,203,200
2014 $15,844 $1,663,400 $460,200 $1,203,200
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Walter Compton

    Coldwell Banker Watson Properties

See All Agents

Map

Source: Hive MLS

MLS Number: 100105847

Hive MLS

APN: 6-101-139

North Carolina Craven County Havelock 28532

1208 E Main St, Havelock, NC

Not Listed for Sale

Other

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