Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 E Kinnakeet Reef Court Avon, NC 27915

    View on Map
    Claim this Listing
    New
    For Sale
    $105,000

    Residential - Avon, NC

    Lot size:
    18,000.00 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 19 at 1:06 pm

    Property Features for 0 E Kinnakeet Reef Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    18,000.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    480.03

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Renee Burrus
    Renee Burrus

    Listing agent Renee Burrus License #265527

    Listing office Coldwell Banker Seaside Realty KH 4900 N. Croatan Hwy., Kitty Hawk, NC

    Listing date Apr 18, 2026

    MLS# 132566 Listing URL

    Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Homesite in Coastal Community

    This 18,000 sq ft homesite is located in Port Avon East. The lot offers a wider footprint than many others in the subdivision, providing added flexibility for design and use. The property is situated in a quiet setting with convenient access to beaches, shopping, dining, and the Avon fishing pier. This lot is located in Avon, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Avon
    County
    Dare
    State
    North Carolina
    Longitude
    -75.5108
    Latitude
    35.3519

    Nearby Similar for Sale

    • $115,000

      Soundfront Building Site in Avon

      Soundfront building site with stamped house plans and engineered site.
      41475 Portside Drive, Avon, NC 27915
      View Details
    • $1,999,999

      Established Restaurant in Avon, NC

      Turnkey restaurant with additional land in the heart of Avon.
      40594 NC 12 Highway, Avon, NC 27915
      View Details
    • $94,900

      Avon Homesite in Kinnakeet Shores

      Soundside homesite in Avon's Kinnakeet Shores community.
      41188 Portside Drive, Avon, NC 27915
      View Details
    • $120,000

      Avon Lakefront Vacant Lot

      Lakefront lot in private community with beach and amenity access.
      41136 Anchor Court, Avon, NC 27915
      View Details
    • $99,000

      Avon, NC Residential Lot

      Residential lot in Avon, NC, near beaches and local spots.
      40116 W Kinnakeet Reef Court, Avon, NC 27915
      View Details
    • $99,000

      Residential Land in Avon, NC

      Residential land in Port Avon East subdivision, Avon, North Carolina.
      0 E Kinnakeet Reef Court, Avon, NC 27915-0000
      View Details
    • $89,000

      Soundfront Lot in Avon, NC

      Semi-soundfront lot with unobstructed views and community amenities.
      41436 Portside Drive, Avon, NC 27915
      View Details
    • $109,000

      Vacant Lot in Hatteras Colony

      Residential lot in Avon, NC, with 3-bedroom septic permit.
      39227 Pompano Drive, Avon, NC 27915
      View Details
    • $158,000

      Residential Land in Avon, NC

      Semi soundfront residential land with septic permit in Avon.
      0 Askins Creek Drive, Avon, NC 27915
      View Details
    • $178,000

      Creekfront Lot in Avon Village

      Cleared lot with septic permit ready for your dream home.
      42195 Shallow Point Drive, Avon, NC 27915
      View Details
    • $135,000

      Soundfront Lot in Kinnakeet Shores

      Generous lot with dock, sound access, and community amenities.
      41129 Dory Lane, Avon, NC 27915
      View Details
    • $1,500,000

      Avon Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential income potential.
      41076 NC 12 Highway, Avon, NC 27915
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large homesite in Avon, near beaches, shopping, and dining.
    Where is this residential land & home lot located?
    The property is located at 0 E Kinnakeet Reef Court Avon, NC.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: Large 18,000 sq ft homesite.; Wider footprint than other lots in the subdivision.; Quiet setting.
    (252) 475-0633
    We can help!
    Listing Contact
    Renee Burrus
    Renee Burrus
    Real Estate License ID: 265527
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!