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    For Sale (26)

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    Residential Lot in New Bern
    Contact for pricing
    0.12 Acres

    Residential Lot in New Bern

    Residential lot with utilities in place in New Bern.

    1421 Washington St, New Bern, NC 28560
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    Residential Lot in River Bend
    Contact for pricing
    0.31 Acres

    Residential Lot in River Bend

    0.31-acre lot in waterfront community near downtown New Bern.

    107 Starboard Dr, New Bern, NC 28562
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    Vanceboro Land Investment Opportunity
    $544,900
    144.00 Acres

    Vanceboro Land Investment Opportunity

    144 acres with pine plantation and CREP program land.

    3300 Nc 118 Hwy, Vanceboro, NC 28586
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    Residential Land with Boat Slip
    $30,000
    0.64 Acres

    Residential Land with Boat Slip

    Vacant lot in gated community with boat slip and amenities.

    108 N Elbert Lee Rd N, Arapahoe, NC 28510
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    Residential Lots in Hickory Run
    $80,000
    0.57 Acres

    Residential Lots in Hickory Run

    Residential lots available in desirable New Bern community.

    Junco Ct, New Bern, NC 28562
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    Waterfront Lot on Ball Creek
    $145,000
    0.77 Acres

    Waterfront Lot on Ball Creek

    Waterfront lot with wide water views and wooded homesite.

    859 Winchester Way, Merritt, NC 28556
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    Commercial Land in High-Traffic Area
    $158,000
    1.26 Acres

    Commercial Land in High-Traffic Area

    Commercial land in New Bern, NC, with high visibility.

    1616 Old Cherry Point Rd, New Bern, NC 28560
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    Residential Land in Cove City
    Contact for pricing
    1.46 Acres

    Residential Land in Cove City

    1.36 acre residential land near New Bern, North Carolina.

    518 Cicero Riggs Rd, Cove City, NC 28523
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    Residential Lots in Hickory Run
    $80,000
    0.60 Acres

    Residential Lots in Hickory Run

    34 residential lots available in desirable River Trace community.

    Junco Ct, New Bern, NC 28562
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    Residential Lot in Waterfront Community
    $69,900
    0.35 Acres

    Residential Lot in Waterfront Community

    Buildable residential lot in amenity-rich waterfront community near New Bern.

    2072 Royal Pines Dr, New Bern, NC 28560
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    Waterfront Land with Bay River Views
    $375,000
    12.18 Acres

    Waterfront Land with Bay River Views

    12.1 acre waterfront property with expansive Bay River views.

    3411 Upper Neck Rd, Bayboro, NC 28515
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    Residential Lots in Hickory Run
    $70,000
    0.41 Acres

    Residential Lots in Hickory Run

    34 residential lots available in desirable River Trace community.

    Plover Way, New Bern, NC 28562
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    Residential Lots in Desirable Community
    $80,000
    0.66 Acres

    Residential Lots in Desirable Community

    34 residential lots available in Hickory Run at River Trace.

    Starling Ln, New Bern, NC 28562
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    Residential Lots in Hickory Run
    $80,000
    0.53 Acres

    Residential Lots in Hickory Run

    34 residential lots available in desirable River Trace community.

    Starling Ln, New Bern, NC 28562
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    Residential Lots in Desirable Community
    $72,000
    0.49 Acres

    Residential Lots in Desirable Community

    34 residential lots available in Hickory Run at River Trace.

    2500 Starling Ln, New Bern, NC 28562
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    Wooded Land Parcel on Highway
    $49,000
    2.91 Acres

    Wooded Land Parcel on Highway

    2.91-acre wooded parcel in Pamlico County, Highway 55 frontage.

    2 Nc 55 Hwy, Bayboro, NC 28515
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    Residential Land with Boat Slip
    Contact for pricing
    0.54 Acres

    Residential Land with Boat Slip

    Corner lot with boat slip near clubhouse and pool.

    21 Meadow Ln, Arapahoe, NC 28510
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    Residential Lots in Desirable Community
    $80,000
    0.56 Acres

    Residential Lots in Desirable Community

    Residential lots available in Hickory Run at River Trace.

    Plover Way, New Bern, NC 28562
    View details
    Residential Lots in Desirable Community
    $80,000
    0.53 Acres

    Residential Lots in Desirable Community

    Residential lots available in Hickory Run at River Trace.

    Plover Way, New Bern, NC 28562
    View details
    Residential Lots in Hickory Run
    $80,000
    0.54 Acres

    Residential Lots in Hickory Run

    34 residential lots in desirable New Bern community.

    Junco Ct, New Bern, NC 28562
    View details
    Waterfront Residential Lots on Neuse
    $280,000
    4.44 Acres

    Waterfront Residential Lots on Neuse

    Two waterfront residential lots near the Intracoastal Waterway.

    611 Becton Rd, Havelock, NC 28532
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    Residential Lots in Hickory Run
    $80,000
    0.53 Acres

    Residential Lots in Hickory Run

    34 residential lots in desirable River Trace community, New Bern.

    Plover Way, New Bern, NC 28562
    View details
    Residential Lots in Hickory Run
    $80,000
    0.71 Acres

    Residential Lots in Hickory Run

    Residential lots available in desirable New Bern community.

    Starling Ln, New Bern, NC 28562
    View details
    Waterfront Land in Oriental, NC
    $75,000
    4.46 Acres

    Waterfront Land in Oriental, NC

    4.46-acre waterfront property on Dawson Creek in Oriental, NC.

    5109 Kershaw Rd, Oriental, NC 28571
    View details
    Commercial Lot For Sale
    $149,000

    Commercial Lot For Sale

    Small lot to be combined with adjacent parcel.

    3990 Dickinson Ave, Greenville, NC 27834
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    Commercial Land Parcel For Sale
    $1,045,000

    Commercial Land Parcel For Sale

    Commercial land available; additional adjacent parcel may be combined.

    3920 Dickinson Ave, Greenville, NC 27834
    View details

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    Coldwell Banker Willis-Smith Company
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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 Willis-Smith Company
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