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    For Sale (29)

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    Residential Lot in Bayview
    $49,000
    0.24 Acres

    Residential Lot in Bayview

    Cleared lot with septic and electric in waterfront community.

    18 King Blount Dr, Bath, NC 27808
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    Belhaven Land with Water Access
    $75,000
    5.25 Acres

    Belhaven Land with Water Access

    Five acre Belhaven property with water access and flexible options.

    1512 Bailey Pointe Dr, Belhaven, NC 27810
    View details
    Waterfront Lot on Pungo Creek
    $159,000
    1.08 Acres

    Waterfront Lot on Pungo Creek

    Cleared 1.08-acre waterfront lot with 116' frontage.

    22 Windmill Pt, Belhaven, NC 27810
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    Commercial Lot Near Highway 264
    $110,000
    1.71 Acres

    Commercial Lot Near Highway 264

    Commercial lot between Washington and Greenville on Highway 264.

    5153 Old Washington Rd, Washington, NC 27889
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    Waterfront Lot in Belhaven, NC
    $199,000
    1.13 Acres

    Waterfront Lot in Belhaven, NC

    1.13 acre cleared lot with 118' Pungo River frontage.

    16 River Dr, Belhaven, NC 27810
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    Waterfront Lot in Beaufort Pointe
    $75,000
    0.31 Acres

    Waterfront Lot in Beaufort Pointe

    Cleared 0.31-acre lot with canal and river access.

    Whichards Beach Rd, Chocowinity, NC 27817
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    Waterfront Land on Tar River
    $55,000
    77.66 Acres

    Waterfront Land on Tar River

    77+- acre waterfront land with 1350 feet of frontage.

    Sr 1403, Washington, NC 27889
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    Cleared Lot Ready to Build
    $49,900
    0.43 Acres

    Cleared Lot Ready to Build

    Residential land for sale, septic permit in place.

    316 Bayview Rd, Bath, NC 27808
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    Corner Lot in Washington, NC
    Contact for pricing
    0.11 Acres

    Corner Lot in Washington, NC

    Vacant corner lot across from the Housing Authority Building.

    E 7Th St, Washington, NC 27889
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    Waterfront Lot in Belhaven, NC
    $159,000
    1.29 Acres

    Waterfront Lot in Belhaven, NC

    1.29 acre waterfront lot ready to build on.

    3 Little Creek Road Ext, Belhaven, NC 27810
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    Belhaven, NC Building Lot
    Contact for pricing
    0.65 Acres

    Belhaven, NC Building Lot

    Cleared 0.65 acre building lot with water views.

    42 River Dr, Belhaven, NC 27810
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    Waterfront Lot in Freshwater Subdivision
    $99,900
    12.85 Acres

    Waterfront Lot in Freshwater Subdivision

    Partially cleared 12.85-acre waterfront lot with community boat ramp.

    #20 Freshwater Dr, Blounts Creek, NC 27814
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    35 Acres of Farmland
    $585,000
    35.07 Acres

    35 Acres of Farmland

    35+- acres suitable for industrial, commercial, and residential use.

    Leggett Rd, Washington, NC 27889
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    Waterfront Lot in Pinetown, NC
    $59,000
    2.16 Acres

    Waterfront Lot in Pinetown, NC

    Cleared waterfront lot ready for building with community pier.

    Winfield Ln, Pinetown, NC 27865
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    Commercial Land in Washington, NC
    $135,000
    0.65 Acres

    Commercial Land in Washington, NC

    Multiple commercial lots available in Washington, North Carolina.

    821 And 33-38, Washington, NC 27889
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    Waterfront Lots in Gated Community
    $195,000
    1.80 Acres

    Waterfront Lots in Gated Community

    Two buildable waterfront lots in Belhaven, NC.

    54 Shipwreck Dr, Belhaven, NC 27810
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    Undeveloped Lot Near Downtown
    Contact for pricing
    1.00 Acre

    Undeveloped Lot Near Downtown

    One-acre lot suitable for residential or commercial development.

    #5 Riv Rd, Washington, NC 27889
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    Waterfront Land Near Jones Bridge
    $225,000
    22.40 Acres

    Waterfront Land Near Jones Bridge

    22.4 acres of semi-private land with water frontage.

    Jones Bridge Rd, Pinetown, NC 27865
    View details
    Williamston Land with Septic Permit
    $198,000
    28.00 Acres

    Williamston Land with Septic Permit

    28 acres of land near Greenville and Williamston, NC.

    Ln Gus'S, Williamston, NC 27892
    View details
    Corner Lot Overlooking Golf Course
    $85,000
    0.84 Acres

    Corner Lot Overlooking Golf Course

    Corner lot in Cypress Landing with golf course views.

    100 Thames Ln, Chocowinity, NC 27817
    View details
    Waterfront Lot on Bath Creek
    $325,000
    0.94 Acres

    Waterfront Lot on Bath Creek

    Cleared 0.94-acre lot with pier and boat lifts.

    Bridgewater Dr N, Bath, NC 27808
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    Waterfront Lot in Bath, NC
    $275,000
    0.83 Acres

    Waterfront Lot in Bath, NC

    Cleared 0.83-acre waterfront lot with septic permit.

    Fernwood Ct, Bath, NC 27808
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    Waterfront Lot in Bath, NC
    $225,000
    0.72 Acres

    Waterfront Lot in Bath, NC

    0.72 acre waterfront lot with septic permit.

    Bridgewater Dr N, Bath, NC 27808
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    Water View Lot in Belhaven
    Contact for pricing
    0.55 Acres

    Water View Lot in Belhaven

    0.55 acre lot with water views and utilities.

    123 Dowry Crk E, Belhaven, NC 27810
    View details
    Belhaven, NC Cleared Lot
    $34,500
    0.66 Acres

    Belhaven, NC Cleared Lot

    Cleared 0.67 acre lot with water views in Belhaven.

    32 Little Creek Road Ext, Belhaven, NC 27810
    View details
    Belhaven, NC Cleared Lot
    $34,500
    0.61 Acres

    Belhaven, NC Cleared Lot

    Cleared 0.61 acre lot with water views in Belhaven.

    31 Little Creek Road Ext, Belhaven, NC 27810
    View details
    Water Access Lot in Gated Community
    $65,000
    0.64 Acres

    Water Access Lot in Gated Community

    Build your dream home with boat slip and community amenities.

    Pamlico River Dr, Washington, NC 27889
    View details
    Creek Access Land For Sale
    $69,000
    1.55 Acres

    Creek Access Land For Sale

    1.55+/- acre residential land with direct creek access.

    201 Kelly Ln, Blounts Creek, NC 27814
    View details
    Commercial Lots in Washington City
    $135,000
    28,314 SF

    Commercial Lots in Washington City

    Multiple commercial lots available, potential for residential conversion.

    821 Tayloe St, Washington, NC 27889
    View details

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    The Rich 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
    The Rich Company
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