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    For Sale (14)

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    Waterfront Lot on Ono Island
    $1,200,000
    0.51 Acres

    Waterfront Lot on Ono Island

    Half-acre waterfront lot with Intracoastal Waterway and bay access.

    33343 River Rd, Orange Beach, AL 36561
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    Manns Harbor Acreage Opportunity
    $1,700,000
    6.00 Acres

    Manns Harbor Acreage Opportunity

    Acreage near Virginia Dare Bridge with diverse development potential.

    7552 Shipyard Rd, Manns Harbor, NC 27953
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    Carova Semi-Oceanfront Lot
    $199,000

    Carova Semi-Oceanfront Lot

    Semi-oceanfront lot in Carova, build your dream beach retreat.

    2322 Sandfiddler Rd, Corolla, NC 27927
    View details
    Residential Land in Avon, NC
    $99,000
    15,000.00 Acres

    Residential Land in Avon, NC

    Residential land in Port Avon East subdivision, Avon, North Carolina.

    E Kinnakeet Reef Ct, Avon, NC 27915
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    Avon, NC Residential Lot
    $99,000
    15,000.00 Acres

    Avon, NC Residential Lot

    Residential lot in Avon, NC, near beaches and local spots.

    40116 W Kinnakeet Reef Ct, Avon, NC 27915
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    Spacious Homesite in Coastal Community
    $105,000
    18,000.00 Acres

    Spacious Homesite in Coastal Community

    Large homesite in Avon, near beaches, shopping, and dining.

    E Kinnakeet Reef Ct, Avon, NC 27915
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    Stumpy Point Homesite For Sale
    $99,000
    14,000.00 Acres

    Stumpy Point Homesite For Sale

    Homesite in a peaceful coastal village, close to shopping.

    Bayview Dr, Stumpy Point, NC 27978
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    Grandy Commercial Land Opportunity
    $424,900
    499,633.00 Acres

    Grandy Commercial Land Opportunity

    11+ acres with high traffic and flexible commercial zoning.

    6842 Caratoke Hwy, Grandy, NC 27939
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    Nags Head Residential Land
    $699,900
    11,400.00 Acres

    Nags Head Residential Land

    Semi-oceanfront land with rental cottage in excellent location.

    7104 S Virginia Dare Trl, Nags Head, NC 27959
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    Nags Head Oceanfront Vacant Lot
    $1,495,000
    18,000.00 Acres

    Nags Head Oceanfront Vacant Lot

    Vacant oceanfront lot in a prime Nags Head location.

    7105 S Virginia Dare Trl, Nags Head, NC 27959
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    Kitty Hawk Waterfront Land Opportunity
    $1,499,000
    630,126.00 Acres

    Kitty Hawk Waterfront Land Opportunity

    14.47 acres of waterfront land in Kitty Hawk Village.

    1327 W Kitty Hawk Rd, Kitty Hawk, NC 27949
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    Soundfront Lot in Gated Community
    $269,000
    6,500.00 Acres

    Soundfront Lot in Gated Community

    Soundfront lot with views, amenities, and water access.

    805 Harbour View Dr, Kill Devil Hills, NC 27948
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    Canal Front Vacant Lot
    $249,950
    8,000.00 Acres

    Canal Front Vacant Lot

    Cleared, level canal front lot in Colington Harbour.

    104 King William Ct, Kill Devil Hills, NC 27948
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    Residential Lot in Terry Cove
    $275,000
    0.20 Acres

    Residential Lot in Terry Cove

    Residential lot in desirable boating community with many amenities.

    26671 Terry Cove Dr, Orange Beach, AL 36561
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    Coldwell Banker Seaside Realty
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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
    Coldwell Banker Seaside Realty
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