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    For Sale (21)

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    Waterfront Homesite in Coastal Community
    $160,000
    0.40 Acres

    Waterfront Homesite in Coastal Community

    Waterfront homesite in River Dunes community near Oriental, NC.

    275 Ballast Pt, Oriental, NC 28571
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    Waterfront Homesite in River Dunes
    $125,000
    0.69 Acres

    Waterfront Homesite in River Dunes

    0.69 acre homesite with creek views and community amenities.

    126 Oyster Point Rd, Oriental, NC 28571
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    Waterfront Land in Bay Shores
    $99,000
    2.24 Acres

    Waterfront Land in Bay Shores

    Waterfront lot perfect for building a dream home.

    394 Bay Shores Rd, Merritt, NC 28556
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    Waterfront Land in Oriental, NC
    $89,000
    1.06 Acres

    Waterfront Land in Oriental, NC

    1.06-acre residential lot with water access and approved septic.

    955 Southern Plantation Dr N, Oriental, NC 28571
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    Waterfront Lot in Oriental, NC
    $75,000
    0.66 Acres

    Waterfront Lot in Oriental, NC

    Waterfront lot with direct water access near Oriental, North Carolina.

    9335 Doris Dr, Oriental, NC 28571
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    Waterfront Lot in Oriental, NC
    $39,000
    0.96 Acres

    Waterfront Lot in Oriental, NC

    Waterfront lot with direct creek access near Oriental village.

    Doris Dr, Oriental, NC 28571
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    Waterfront Homesite in River Dunes
    $70,000
    0.85 Acres

    Waterfront Homesite in River Dunes

    0.85 acre tributary homesite near Oriental, North Carolina.

    87 Broadview Pt, Oriental, NC 28571
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    Waterfront Homesite in Oriental, NC
    $279,000
    2.11 Acres

    Waterfront Homesite in Oriental, NC

    2.11 acre waterfront homesite with neighborhood amenities.

    271 Wind Lake Rd S, Oriental, NC 28571
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    Water Access Homesite in Vandemere
    $35,000
    0.46 Acres

    Water Access Homesite in Vandemere

    Homesite with water and sewer tap available near marina.

    11 E Diamond Shl Ln, Vandemere, NC 28587
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    Waterfront Land in Oriental, NC
    $269,000
    0.93 Acres

    Waterfront Land in Oriental, NC

    0.93 acre waterfront land with access to Intracoastal Waterway.

    1210 Neuse Dr, Oriental, NC 28571
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    Waterfront Land in Oriental, NC
    $225,000
    0.44 Acres

    Waterfront Land in Oriental, NC

    Waterfront land in Oriental with access to Intracoastal Waterway.

    1228 Neuse Dr, Oriental, NC 28571
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    Waterfront Land in Oriental, NC
    $269,000
    0.43 Acres

    Waterfront Land in Oriental, NC

    Waterfront land with access to Neuse River and Intracoastal.

    1238 Neuse Dr, Oriental, NC 28571
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    Waterfront Homesite in Sailhaven Community
    $42,000
    0.64 Acres

    Waterfront Homesite in Sailhaven Community

    Canal front homesite in Oriental, NC with dock and boat slip.

    806 Sail Haven Dr, Oriental, NC 28571
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    Waterfront Development Tract in Bayboro
    $1,150,000
    51.00 Acres

    Waterfront Development Tract in Bayboro

    Prime waterfront land for residential development in Bayboro, North Carolina.

    lot See Attached Blue Heron Dr, Bayboro, NC 28515
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    Residential Land in Oriental, NC
    Contact for pricing
    0.46 Acres

    Residential Land in Oriental, NC

    Two manicured lots near Oriental with city utilities and water access.

    5303 Anchor Way, Oriental, NC 28571
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    Residential Land in Oriental, NC
    Contact for pricing
    0.56 Acres

    Residential Land in Oriental, NC

    Two manicured lots near Oriental, NC, with community boat access.

    5301 Anchor Way, Oriental, NC 28571
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    Waterfront Lot on Ross Creek
    $85,000
    1.90 Acres

    Waterfront Lot on Ross Creek

    Scenic 1.9-acre waterfront lot with direct water access.

    Bailey Pointe Dr, Belhaven, NC 27810
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    Waterfront Lot in Oriental, NC
    $425,000
    3.48 Acres

    Waterfront Lot in Oriental, NC

    3.48-acre waterfront lot with concrete dock in Oriental, NC.

    572 Dawson Creek Blvd, Oriental, NC 28571
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    Waterfront Homesite with Dock
    $150,000
    0.47 Acres

    Waterfront Homesite with Dock

    Waterfront homesite with dock near Oriental, NC.

    7013 Fairwinds Dr, Oriental, NC 28571
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    Waterfront Land in Oriental, NC
    $150,000
    0.35 Acres

    Waterfront Land in Oriental, NC

    Waterfront land in Oriental with access to Neuse River.

    1238 Neuse Dr, Oriental, NC 28571
    View details
    Neuse River View Homesite
    $215,000
    1.39 Acres

    Neuse River View Homesite

    1.39 acre homesite with Neuse River views in Oriental, NC.

    363 Wind Lake Rd S, Oriental, NC 28571
    View details

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    Beth Frazer Real Estate & Rentals
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Beth Frazer Real Estate & Rentals
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