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    For Sale (14)

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    Waterfront Land in River Dunes
    $150,000
    3.30 Acres

    Waterfront Land in River Dunes

    3.3 acre waterfront lot in award-winning River Dunes community.

    495 Ballast Pt, Oriental, NC 28571
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    Waterfront Land in River Dunes
    $150,000
    2.98 Acres

    Waterfront Land in River Dunes

    2.98 acre waterfront lot in River Dunes community.

    470 Ballast Pt, Oriental, NC 28571
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    Wooded Homesite with Channel Views
    $125,000
    0.61 Acres

    Wooded Homesite with Channel Views

    Wooded 0.61-acre homesite in Oyster Point with channel views.

    72 Oyster Point Rd, Oriental, NC 28571
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    Riverside Acre in River Dunes
    $400,000
    1.00 Acre

    Riverside Acre in River Dunes

    One-acre homesite with views of the Pamlico Sound.

    770 Preservation Rd, Oriental, NC 28571
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    Riverfront Estate in The Preserve
    $375,000
    3.30 Acres

    Riverfront Estate in The Preserve

    Private riverfront estate with wooded acreage in River Dunes.

    203 Riv Watch Rd, Oriental, NC 28571
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    Waterfront Land in Oyster Point
    $375,000
    1.25 Acres

    Waterfront Land in Oyster Point

    1.25-acre homesite with water views in Oyster Point.

    241 Oyster Point Rd, Oriental, NC 28571
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    Waterfront Land in Oriental, NC
    $225,000
    0.09 Acres

    Waterfront Land in Oriental, NC

    Waterfront lot in River Dunes community with marina access.

    309 E Harborside Rd, Oriental, NC 28571
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    Exclusive Riverfront Estate Opportunity
    $475,000
    4.10 Acres

    Exclusive Riverfront Estate Opportunity

    Private riverfront estate in The Preserve, overlooking the Neuse River.

    175 Riv Watch Rd, Oriental, NC 28571
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    Marina-Front Land Overlooking Grace Harbor
    $225,000
    0.09 Acres

    Marina-Front Land Overlooking Grace Harbor

    Marina-front land in River Dunes with access to many amenities.

    301 E Harborside Rd, Oriental, NC 28571
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    Creekfront Land in Harbor Village
    $200,000
    0.96 Acres

    Creekfront Land in Harbor Village

    Creekfront homesite in River Dunes' Chapel Square neighborhood.

    71 Mill Creek Ln, Oriental, NC 28571
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    Waterfront Land in River Dunes
    $225,000
    2.30 Acres

    Waterfront Land in River Dunes

    2.3 acre waterfront lot in award-winning River Dunes community.

    428 Ballast Pt, Oriental, NC 28571
    View details
    Waterfront Land with Sunset Views
    $195,000
    0.27 Acres

    Waterfront Land with Sunset Views

    Homesite with Broad Creek views in River Dunes community.

    469 Ballast Pt, Oriental, NC 28571
    View details
    Homesite Near River Dunes Marina
    $79,000
    0.34 Acres

    Homesite Near River Dunes Marina

    Homesite near marina and village at River Dunes.

    81 Boathouse Rd, Oriental, NC 28571
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    Homesite Near River Dunes Marina
    $85,000
    0.43 Acres

    Homesite Near River Dunes Marina

    Homesite near marina and village at River Dunes.

    98 Boathouse Rd, Oriental, NC 28571
    View details

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    Request Owner's contact information
    Kari Forrest Hammond
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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
    Kari Forrest Hammond
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