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 NC 12 Highway Frisco, NC 27936

    View on Map
    For Sale
    $300,000

    Residential - Frisco, NC

    Lot size:
    198,020.00 Acres
    Added:
    Mar 4, 2025
    Days on Market:
    393
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 0 NC 12 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    198,020.00 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    552.36

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Trafton Reynolds
    Trafton Reynolds

    Listing agent Trafton Reynolds License #265864

    Listing office NC 12 Realty 50840 NC 12 Highway, Buxton, NC

    Listing date Mar 4, 2025

    MLS# 128462 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

    Sound Front Parcel in Frisco

    This sound front parcel in Frisco features 4.5 acres, including approximately 21,738 square feet of total upland area. A recent survey on file details the setbacks, upland, and wetland areas. The property includes a small canal, with adjacent lot owners having constructed bridges for access to the rear of their lots. Access is available from NC 12 Highway, with additional access via the easement known as Old Landing Road. The property offers various possibilities.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Frisco
    County
    Dare
    State
    North Carolina
    Longitude
    -75.6289
    Latitude
    35.2352

    Nearby Similar for Sale

    • $430,000

      Oceanfront Lot on Hatteras Island

      Priced oceanfront lot with 2025 survey in Marlin Village.
      54119 Marlin Drive, Frisco, NC 27936
      View Details
    • $167,000

      Canalfront Lot in Brigands Bay

      Southwest-facing canalfront lot perfect for building a home or investment.
      50237 Freebooter Court, Frisco, NC 27936
      View Details
    • $155,000

      Residential Land in Frisco, NC

      Land in peaceful neighborhood with sound-side beach access.
      50793 Timber Trail, Frisco, NC 27936
      View Details
    • $185,000

      Canal Front Lot in Frisco

      Canal front lot with easy access to Hatteras Inlet.
      50181 Treasure Court, Frisco, NC 27936
      View Details
    • $130,000

      Frisco, NC Residential Lot

      Residential lot in established neighborhood with sound access.
      50265 Timber Trail, Frisco, NC 27936
      View Details
    • $89,900

      Frisco Double Lot with Views

      Rare opportunity: expansive water views, permits in hand, ready build!
      0 Buccaneer Drive, Frisco, NC 27936
      View Details
    • $95,000

      Vacant Lot in Coastal Frisco

      Build your dream coastal retreat on Hatteras Island.
      50778 Timber Trail, Frisco, NC 27936
      View Details
    • $70,000

      Vacant Lot in Frisco, NC

      Build your dream coastal getaway on Hatteras Island.
      50762 Timber Trail, Frisco, NC 27936
      View Details
    • $70,000

      Vacant Lot in Frisco, NC

      Build your dream coastal getaway on Hatteras Island!
      50748 Timber Trail, Frisco, NC 27936
      View Details
    • $194,000

      Prime Frisco Homesite Opportunity

      Build your dream home near the beach in Frisco, NC.
      54227 Cape Hatteras Drive, Frisco, NC 27936
      View Details
    • $120,000

      Canalfront Homesite in Frisco, NC

      Private canalfront homesite in Frisco, North Carolina, near beaches.
      53860 NC 12 Highway, Frisco, NC 27936
      View Details
    • $155,000

      Residential Property in Frisco, NC

      Residential property for sale in Frisco, North Carolina.
      0 NC 12 Highway, Frisco, NC 27936
      View Details

    FAQs

    What type of property is this?
    Land - 4.5-acre sound front parcel with upland area in Frisco, NC.
    Where is this land located?
    The property is located at 0 NC 12 Highway Frisco, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Sound front parcel spanning 4.5 acres.; Approximately 21,738 square feet of upland area.; Recent survey on file detailing setbacks, upland, and wetland areas.
    (252) 996-0104
    We can help!
    Listing Contact
    Trafton Reynolds
    Trafton Reynolds
    Real Estate License ID: 265864
    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!