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    Waterfront Land in Oriental, NC
    $265,000
    2.11 Acres

    Waterfront Land in Oriental, NC

    2.11 acre waterfront homesite on the Neuse River.

    271 Wind Lake Rd S, Oriental, NC 28571
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    Waterfront Land in Port Vandemere
    $35,000
    0.46 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer access near Vandemere Creek.

    11 E Diamond Shl Ln, Vandemere, NC 28587
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    Homesite in Port Vandemere
    $39,900
    0.51 Acres

    Homesite in Port Vandemere

    Residential land in Vandemere, close to Intracoastal Waterway.

    78 Shell Castle Ln, Vandemere, NC 28587
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    Homesite in Port Vandemere
    $44,900
    0.50 Acres

    Homesite in Port Vandemere

    Homesite with water and sewer taps available, near marina.

    56 Shell Castle Ln, Vandemere, NC 28587
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    Waterfront Land in Port Vandemere
    $44,900
    0.72 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer access near Vandemere Creek.

    128 Shell Castle Ln, Vandemere, NC 28587
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    Waterfront Land in Port Vandemere
    $49,900
    0.68 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer taps near Vandemere Creek.

    252 Shell Castle Ln, Vandemere, NC 28587
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    Waterfront Land in Port Vandemere
    $45,000
    0.80 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer access near Vandemere Creek.

    69 Royal Shl Ln, Vandemere, NC 28587
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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
    0.93 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
    $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
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    Waterfront Homesite in Dawson Creek
    $30,000
    1.63 Acres

    Waterfront Homesite in Dawson Creek

    1.63 acre canal front homesite near Oriental, North Carolina.

    122 Davis Field Ct, Oriental, NC 28571
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    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
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    Waterfront Homesite on Neuse River
    $179,000
    1.50 Acres

    Waterfront Homesite on Neuse River

    1.5-acre waterfront land with amenities near Oriental, North Carolina.

    63 Wind Lake Rd S, Oriental, NC 28571
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    Waterfront Homesite with Dock & Utilities
    $349,000
    0.35 Acres

    Waterfront Homesite with Dock & Utilities

    Build-ready waterfront homesite with dock, utilities, and expansive river views.

    3756 Janiero Rd, Arapahoe, NC 28510
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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 Estate with Barn
    $899,900
    4.65 Acres

    Waterfront Estate with Barn

    4.65-acre waterfront property with barn, dock, and boat lift.

    407 Point Of View Dr, Merritt, NC 28556
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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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    Homesite in Port Vandemere
    $44,900
    0.55 Acres

    Homesite in Port Vandemere

    Homesite in Vandemere with water and sewer taps available.

    699 Vandemere Crk Dr, Vandemere, NC 28587
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    Waterfront Land in Port Vandemere
    $44,900
    0.58 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer access near Vandemere Creek.

    168 Shell Castle Ln, Vandemere, NC 28587
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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 Homesite in Sailhaven Community
    $39,900
    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 Land in Port Vandemere
    Contact for pricing
    0.62 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer taps near marina.

    661 Vandemere Crk Dr, Vandemere, NC 28587
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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 Land in Bay Shores
    $82,500
    2.24 Acres

    Waterfront Land in Bay Shores

    Waterfront lot perfect for building your dream home.

    394 Bay Shores Rd, Merritt, NC 28556
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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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    Waterfront Homesite in Port Vandemere
    $39,900
    1.17 Acres

    Waterfront Homesite in Port Vandemere

    Waterfront land with marina access, near Intracoastal Waterway.

    222 Shell Castle Ln, Vandemere, NC 28587
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    Creek Front Homesite Near Oriental
    $59,000
    2.06 Acres

    Creek Front Homesite Near Oriental

    2.06 acre homesite near Oriental, NC.

    960 Southern Plantation Dr N, Oriental, NC 28571
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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 Land in Port Vandemere
    $45,000
    0.68 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer access near Vandemere Creek.

    95 Royal Shl Ln, Vandemere, NC 28587
    View details
    Waterfront Land in Port Vandemere
    $45,000
    0.73 Acres

    Waterfront Land in Port Vandemere

    Homesite with water and sewer access near Vandemere Creek.

    103 Royal Shl Ln, Vandemere, NC 28587
    View details
    Homesite in Sailing Capital
    $110,000
    0.24 Acres

    Homesite in Sailing Capital

    Charming homesite near waterfront, restaurants, and shops.

    360 Vandemere St, Oriental, NC 28571
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    9.1 Acres in River Dunes
    $350,000
    9.07 Acres

    9.1 Acres in River Dunes

    9.1-acre homesite in River Dunes, Oriental, NC.

    178 Riv Watch Rd, 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 Land in Gated Community
    $85,000
    1.90 Acres

    Waterfront Land in Gated Community

    1.9-acre waterfront lot in Belhaven's Bailey Pointe community.

    Bailey Pointe Dr, Belhaven, NC 27810
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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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    Homesite in Oriental, North Carolina
    $150,000
    0.34 Acres

    Homesite in Oriental, North Carolina

    Homesite in the heart of Oriental, North Carolina.

    401 Neuse St, Oriental, NC 28571
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    Waterfront Homesite Near Oriental, NC
    $75,000
    3.49 Acres

    Waterfront Homesite Near Oriental, NC

    3.49 acre canal front homesite near Oriental, North Carolina.

    292 Southern Plantation Dr S, Oriental, NC 28571
    View details
    Waterfront Homesite Near Oriental, NC
    $150,000
    1.24 Acres

    Waterfront Homesite Near Oriental, NC

    1.24 acre waterfront homesite with community amenities near Oriental.

    310 Southern Plantation Dr S, Oriental, NC 28571
    View details
    Waterfront Homesite Near Oriental, NC
    $250,000
    1.16 Acres

    Waterfront Homesite Near Oriental, NC

    1.16 acre waterfront homesite in Dawson Creek subdivision.

    356 Southern Plantation Dr S, Oriental, NC 28571
    View details
    Waterfront Homesite in Coastal Community
    Contact for pricing

    Waterfront Homesite in Coastal Community

    Waterfront homesite in River Dunes coastal community near Oriental, NC.

    275 Ballast Pt, 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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