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    For Sale (32)

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    2.5 Acre Wooded Lot
    $50,000
    2.50 Acres

    2.5 Acre Wooded Lot

    Wooded 2.5-acre lot near public boat ramp, no HOA.

    Boat Ramp Rd, Hertford, NC 27944
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    Sound Front Lot in Aydlett
    $239,000
    0.36 Acres

    Sound Front Lot in Aydlett

    Cleared sound front lot ready for new home construction.

    131 Sandy Ln, Aydlett, NC 27916
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    Sound Front Lot in Aydlett
    $239,000
    15,682.00 Acres

    Sound Front Lot in Aydlett

    Cleared sound front lot ready for new home construction.

    131 Sandy Ln, Aydlett, NC 27916
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    Acre Lot in New Hope
    $50,000
    1.00 Acre

    Acre Lot in New Hope

    One acre lot with no HOA or deed restrictions.

    Cove Rd, Hertford, NC 27944
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    Wooded Lot Near Boat Ramp
    $50,000

    Wooded Lot Near Boat Ramp

    1.6 acre wooded lot near public boat ramp.

    Tbd Boat Ramp Rd, Hertford, NC 27944
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    Wooded Lot Near Boat Ramp
    $50,000

    Wooded Lot Near Boat Ramp

    1.4 acre wooded lot near public boat ramp.

    Tbd Boat Ramp Rd, Hertford, NC 27944
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    South Mills Acreage For Sale
    $140,000
    2.61 Acres

    South Mills Acreage For Sale

    2.61-acre lot in South Mills, Camden County, North Carolina.

    277 Old Swamp Rd, South Mills, NC 27976
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    Residential Land in New Hope
    $50,000

    Residential Land in New Hope

    One-acre residential lot with no restrictions in New Hope, NC.

    Tbd Cv Rd, Hertford, NC 27944
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    South Mills 9.8-Acre Lot
    $179,000
    9.80 Acres

    South Mills 9.8-Acre Lot

    9.8-acre lot in South Mills, Camden County, North Carolina.

    261 Old Swamp Rd, South Mills, NC 27976
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    Acre Lot in New Hope
    $50,000
    1.00 Acre

    Acre Lot in New Hope

    One acre lot with no HOA or deed restrictions.

    Cove Rd, Hertford, NC 27944
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    Acre Lot in New Hope
    $50,000

    Acre Lot in New Hope

    One acre lot with no restrictions in New Hope, NC.

    Tbd Cv Rd, Hertford, NC 27944
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    Acre Lot in New Hope
    $50,000

    Acre Lot in New Hope

    One-acre residential lot with no restrictions in New Hope, NC.

    Tbd Cv Rd, Hertford, NC 27944
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    Land in New Hope, NC
    $50,000
    1.00 Acre

    Land in New Hope, NC

    One acre of commercial land for sale in New Hope.

    Cove Rd, Hertford, NC 27944
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    Wooded Lot Near Boat Ramp
    $50,000
    1.60 Acres

    Wooded Lot Near Boat Ramp

    1.6-acre wooded lot near public boat ramp, no HOA.

    Boat Ramp Rd, Hertford, NC 27944
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    Wooded Lot Near Boat Ramp
    $50,000
    1.40 Acres

    Wooded Lot Near Boat Ramp

    1.4-acre wooded lot close to public boat access.

    Boat Ramp Rd, Hertford, NC 27944
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    Moyock, NC Acreage For Sale
    $1,230,000

    Moyock, NC Acreage For Sale

    Approximately 14.5 acres with General Business road frontage.

    Tbd Caratoke Hwy, Moyock, NC 27958
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    Acre Lot in New Hope
    $50,000

    Acre Lot in New Hope

    One-acre residential lot with no restrictions in New Hope, NC.

    Tbd Cv Rd, Hertford, NC 27944
    View details
    Residential Land Near Boat Ramp
    $50,000

    Residential Land Near Boat Ramp

    One-acre residential lot near public boat ramp in Hertford.

    Tbd Boat Ramp Rd, Hertford, NC 27944
    View details
    Acre Lot in New Hope
    $50,000

    Acre Lot in New Hope

    One acre residential lot with no restrictions in New Hope.

    Tbd Cv Rd, Hertford, NC 27944
    View details
    South Mills Acreage For Sale
    $179,000

    South Mills Acreage For Sale

    9.8-acre residential lot in South Mills, North Carolina.

    261 Old Swamp Rd, South Mills, NC 27976
    View details
    Wooded Lot Near Boat Ramp
    $50,000

    Wooded Lot Near Boat Ramp

    1.4 acre wooded lot near public boat ramp.

    Tbd Boat Ramp Rd, Hertford, NC 27944
    View details
    South Mills Residential Land
    $140,000

    South Mills Residential Land

    2.61-acre lot in South Mills, Camden County, North Carolina.

    277 Old Swamp Rd, South Mills, NC 27976
    View details
    Wooded Lot Near Boat Ramp
    $50,000
    1.40 Acres

    Wooded Lot Near Boat Ramp

    1.4-acre wooded lot close to public boat ramp.

    Boat Ramp Rd, Hertford, NC 27944
    View details
    Acre Lot in New Hope
    $50,000

    Acre Lot in New Hope

    One-acre residential lot with no restrictions in New Hope, NC.

    Tbd Cv Rd, Hertford, NC 27944
    View details
    Wooded Lot Near Boat Ramp
    $50,000

    Wooded Lot Near Boat Ramp

    2.8 acre wooded lot near public boat ramp.

    Tbd Boat Ramp Rd, Hertford, NC 27944
    View details
    Residential Land Near Boat Ramp
    $50,000

    Residential Land Near Boat Ramp

    One-acre residential lot near public boat ramp in Hertford.

    Tbd Boat Ramp Rd, Hertford, NC 27944
    View details
    Residential Land Near Boat Ramp
    $50,000

    Residential Land Near Boat Ramp

    One-acre residential lot near public boat ramp in Hertford, NC.

    Tbd Boat Ramp Rd, Hertford, NC 27944
    View details
    Residential Lot Near Boat Ramp
    $50,000

    Residential Lot Near Boat Ramp

    One-acre residential lot near public boat ramp.

    Tbd Boat Ramp Rd, Hertford, NC 27944
    View details
    Acre Lot in New Hope
    $50,000
    1.00 Acre

    Acre Lot in New Hope

    One acre lot with no restrictions in New Hope, NC.

    Cove Rd, Hertford, NC 27944
    View details
    Acre Lot in New Hope
    $50,000
    1.00 Acre

    Acre Lot in New Hope

    One acre lot with no HOA or deed restrictions.

    Cove Rd, Hertford, NC 27944
    View details
    Moyock, NC General Business Land
    $1,230,000
    14.49 Acres

    Moyock, NC General Business Land

    14.5 acres of General Business land near VA line.

    Caratoke Hwy, Moyock, NC 27958
    View details
    Acre Lot in New Hope
    $50,000
    1.00 Acre

    Acre Lot in New Hope

    One acre lot with no HOA or deed restrictions.

    Cove Rd, Hertford, NC 27944
    View details

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    The Banks Real Estate Group, LLC
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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
    The Banks Real Estate Group, LLC
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