Sign Up Successful!
You now have access to more from Realmo!
    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

    102-3 Riverview Dr Leland, NC 28451

    Sponsored
    For Sale
    Pending
    $1,600,000

    LAND - Leland, NC

    Lot size:
    2.60 Acres
    Days on Market:
    84
    Last Refresh:
    Feb 2 at 8:06 am

    Property Features for 102-3 Riverview Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    Le-R-20
    APN
    038bd034
    Lot size
    2.60 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Teresa A Hill
    Teresa A Hill

    Intracoastal Realty Corp (800) 533-1840

    Listing agent Teresa A Hill (910) 256-4503 License #79681

    Listing date Nov 11, 2025

    MLS# 100480402

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land with River Views

    This 2.6-acre lot on the Brunswick River offers views of Downtown Wilmington. The property features 318 feet of deep water frontage on the Brunswick River, suitable for building a waterfront home. Included with this property is Parcel 038BC019, Legal Description 6.73 Ac Plat 1/127. The lot is subject to a billboard lease with The Lamar Companies. The property may be purchased with 102-1 Riverview Drive (MLS#100480399) and 102-2 Riverview Drive (MLS#100480401), for a total of 4.6 acres on the river and 6.7 acres of preserve land. The zoning is Le-R-20.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -77.989637
    Latitude
    34.234516

    Nearby Similar for Sale

    • $160,000
      0.36 Acres

      Leland, NC Land For Sale

      Land for sale in a gated riverfront community.
      3841 Hallmark Rd NE, Leland, NC 28451
      View Details
    • $1,500,000
      5,000 SF

      Mobile Home Park Investment Opportunity

      Income-producing mobile home park with expansion potential in Leland, NC.
      1150 Garretts Way NE, Leland, NC 28451
      View Details
    • $359,990

      Brunswick Forest Townhome with Amenities

      Low-maintenance townhome with community amenities in Brunswick Forest.
      1177 Lillibridge Dr, Leland, NC 28451
      View Details
    • $224,000
      1,235 SF

      Charming Townhome in Windsor Park

      Well-maintained townhome with en suites and community amenities.
      1074 Bridgeport Way, Leland, NC 28451
      View Details
    • $2,450,000
      7,000 SF

      New Construction Professional/Medical Office Space

      Modern office space ideal for medical, dental, or professional services.
      1160 E Cutlar Xing, Leland, NC 28451
      View Details
    • $2,193,250
      5,644 SF

      Leland Office Condominium For Sale

      Office condominium in Leland, NC, near Wilmington/Wrightsville Beach.
      1176 East Cutlar Xing, Leland, NC 28451
      View Details
    • $749,500

      Leland Land Parcel For Sale

      Two parcels totaling 10.5 acres in Brunswick County, NC.
      6815 Zion Church Rd NE, Leland, NC 28451
      View Details
    • $3,187,500
      14,820 SF

      Established Retail Property For Sale

      Located on signalized intersection in the heart of trade area.
      319 Village Rd NE, Leland, NC 28451
      View Details
    • $450,000
      1,680 SF

      Retail Property Near Columbus County

      Retail property suitable for beer and wine sales.
      5197 Andrew Jackson Hwy NE, Leland, NC 28451
      View Details
    • $2,850,000
      2.81 Acres

      Prime Leland Land - 2.81 Acres

      Exceptional development opportunity in Leland, NC.
      15 Old River Rd, Leland, NC 28451
      View Details
    • $350,000
      2.04 Acres

      Leland Commercial Land Opportunity

      2.04 Acres, Prime Leland Location
      Tract A Leland School Rd, Leland, NC 28451
      View Details
    • $1,600,000
      58.38 Acres

      Prime Leland Land - 58 Acres

      Exceptional 58-acre undeveloped lot, ideal for various commercial ventures.
      7190 Stella Dr, Leland, NC 28451
      View Details

    FAQs

    What type of property is this?
    Land - 2.6 acre lot with 318 feet of deep water.
    Where is this land located?
    The property is located at 102-3 Riverview Dr Leland, NC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - 2.6 acre waterfront lot on the Brunswick River.; - Stunning view of Downtown Wilmington.; - 318 feet of deep water access on the Brunswick River.
    (910) 233-5330
    Request Owner's contact information
    102-3 Riverview Dr Leland, NC 28451
    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.
    102-3 Riverview Dr
    Leland, NC 28451
    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
    102-3 Riverview Dr Leland, NC 28451
    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

    We can help!
    Listing Contact
    Teresa A Hill
    Teresa A Hill
    Real Estate License ID: 79681
    (910) 233-5330
    Learn more
    Google sign-in failed. Please try again or use another login method.