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    LEVERETT OWENS, New Bern, NC

    License ID: 217617
    Land And Waterfront Properties
    Years of Experience
    13
    Association
    Neuse River Region Association Of Realtors

    Contact details

    Phone:
    (252) 229-8444
    Office Address:
    3423 Stratford Rd, New Bern, NC, 28562-4525

    Performance

    Listings
    20
    Total transactions
    135
    Total transactions amount
    $13M
    Price range
    $64k - 144k
    Average price
    $96k

    Listings

    For Sale (20)

    View map
    • New
      $49,000
      0.33 Acres

      Residential Land in New Bern

      Residential land for sale in New Bern, North Carolina.
      2035 Royal Pines Dr, New Bern, NC 28560
      View Details
    • New
      $160,000
      1.19 Acres

      Residential Land in New Bern

      Residential land for sale in New Bern, North Carolina.
      929 Crooked Creek Dr, New Bern, NC 28560
      View Details
    • New
      $160,000
      1.21 Acres

      Residential Land in New Bern

      Residential land for sale in New Bern, North Carolina.
      902 Osprey Ct, New Bern, NC 28560
      View Details
    • New
      $700,000
      13.10 Acres

      Elizabeth City Land For Sale

      13.1 acres of agricultural land in Elizabeth City, NC.
      1264 Us Highway 17, Elizabeth City, NC 27909
      View Details
    • New
      $290,000
      30.65 Acres

      Residential Land in Blounts Creek

      30.65 acres of residential land for sale.
      1103 Off, Blounts Creek, NC 27814
      View Details
    • New
      $280,000
      82.10 Acres

      Residential Land in Blounts Creek

      82.1 acre residential land for sale in North Carolina.
      B-1 Off, Blounts Creek, NC 27814
      View Details
    • New
      $58,000
      0.32 Acres

      Residential Land in New Bern

      Residential land available in New Bern, North Carolina.
      53 Bayside Dr, New Bern, NC 28560
      View Details
    • New
      $3,700,000
      589.00 Acres

      Aurora, NC Land Opportunity

      Large agricultural land parcel available in Aurora, North Carolina.
      Sr 1918 Rd, Aurora, NC 27806
      View Details
    • New
      $49,000
      1.24 Acres

      Residential Land in Pinetown, NC

      Residential land for sale in Pinetown, North Carolina.
      39 Off Ln, Pinetown, NC 27865
      View Details
    • New
      $39,900
      0.50 Acres

      Residential Land in Vandemere, NC

      Residential land available in Vandemere, North Carolina.
      31 Diamond, Vandemere, NC 28587
      View Details
    • New
      $120,000
      1.53 Acres

      Residential Land in Pinetown, NC

      Residential land for sale in Pinetown, North Carolina.
      75 Winfield Ln, Pinetown, NC 27865
      View Details
    • New
      $1,950,000
      294.79 Acres

      294.79 Acres Agricultural Land

      294.79 acres of agricultural land for sale.
      Streets Ferry Rd, Vanceboro, NC 28586
      View Details
    • New
      $59,000
      0.69 Acres

      Residential Land in Belhaven, NC

      Residential land available in Belhaven, North Carolina.
      201 Battalina Ln, Belhaven, NC 27810
      View Details
    • New
      $59,900
      0.22 Acres

      Residential Land in New Bern

      Residential land available in New Bern, North Carolina.
      165 Hawks Pond Rd, New Bern, NC 28562
      View Details
    • New
      $350,000
      43.11 Acres

      Residential Land in Blounts Creek

      Residential land available in Blounts Creek, North Carolina.
      B-2 Off, Blounts Creek, NC 27814
      View Details
    • New
      $80,000
      10.95 Acres

      Residential Land in Blounts Creek

      Residential land available in Blounts Creek, North Carolina.
      Tr-2 State Rd 1103, Blounts Creek, NC 27814
      View Details
    • New
      $200,000
      16.35 Acres

      Residential Land in Blounts Creek

      Residential land for sale in Blounts Creek, North Carolina.
      C-1 Off, Blounts Creek, NC 27814
      View Details
    • New
      $39,900
      0.36 Acres

      Residential Land in New Bern

      Residential land available in New Bern, North Carolina.
      902 Firefly Ct, New Bern, NC 28560
      View Details
    • New
      $50,000
      3.95 Acres

      Residential Land in Oriental, NC

      Residential land available in Oriental, North Carolina.
      180 Tall Pines Dr, Oriental, NC 28571
      View Details
    • New
      $39,900
      0.67 Acres

      Residential Land in Oriental, NC

      Residential land available in Oriental, North Carolina.
      281 Winding Creek Dr, Oriental, NC 28571
      View Details

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    • For Sale

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    LEVERETT OWENS, New Bern, NC
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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.

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    LEVERETT OWENS, New Bern, NC
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