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

    1099 Hardison Lee Farm Road lot 11 Arapahoe, NC 28510

    View on Map
    For Sale
    $239,000

    LAND - Arapahoe, NC

    Lot size:
    0.58 Acres
    Added:
    Jun 30, 2022
    Days on Market:
    1378
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for 1099 Hardison Lee Farm Road lot 11

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    6465851364000
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    LOT 11 CRAYTON BAY

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    GARY POINDEXTER
    GARY POINDEXTER

    Listing agent GARY POINDEXTER License #235349

    Listing office Keller Williams Realty 1320 MCCARTHY BLVD., New Bern, NC

    Listing date Jun 30, 2022

    MLS# 100336419

    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.

    Overview

    Waterfront Lot on Neuse River

    This residential land offers a building lot with approximately 114 feet of rip-rapped shoreline on the Neuse River. The property boasts sweeping views of the Neuse River and Pamlico Sound, extending for 4 miles. It is located in Arapahoe, NC, and is situated in the Shaded X 500 Year Flood Zone, making flood insurance optional. The location is known for inshore saltwater fishing and crabbing, and is a popular sailing area. The lot is positioned to capture sunrises. The property is located 10 miles from Oriental and 10 miles from the ferry to Historic Beaufort and area beaches, and 30 minutes from New Bern. Daily visits by dolphins and pelicans are common. The lot size is 0.58 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Arapahoe
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.7691674
    Latitude
    34.9804949

    Nearby Similar for Sale

    • $89,900

      Waterfront Land Near Dawson Creek

      2.22-acre wooded property near Dawson Creek Wildlife Boat Ramp.
      0 Lot 2 Creek Place Road, Arapahoe, NC 28510
      View Details
    • $89,900

      Wooded Land Near Dawson Creek

      2.16-acre wooded tract near Dawson Creek Wildlife Boat Ramp.
      0 Lot 1 Creek Place Road, Arapahoe, NC 28510
      View Details
    • $189,900

      Arapahoe, NC Land with Views

      8.23-acre corner property with Neuse River views and development potential.
      Creek Place Road, Arapahoe, NC 28510
      View Details
    • $42,900

      Residential Lot in Gated Community

      Arapahoe land with boat slip, clubhouse, pool, and tennis.
      161 Sunshine Drive lot: 44, Arapahoe, NC 28510
      View Details
    • $40,000

      Water View Lot with Boat Slip

      0.82 acre lot with deeded boat slip near Oriental.
      141 Sunshine Drive lot: 45, Arapahoe, NC 28510
      View Details
    • $85,000

      Waterfront Lot in Arapahoe, NC

      1.68-acre wooded waterfront lot with community boat access.
      108 Caraway Court, Arapahoe, NC 28510
      View Details
    • $195,000

      Neuse Riverfront Land for Sale

      Cleared 0.26-acre lot with Neuse River views, ready to build.
      3435 Janiero Road, Arapahoe, NC 28510
      View Details
    • $29,500

      Residential Land with Boat Slip

      Corner lot with boat slip near clubhouse and pool.
      21 Meadow Lane lot: 57, Arapahoe, NC 28510
      View Details
    • $230,000

      Waterfront Lot in Gated Community

      1.07-acre lot with private dock in Shine Landing.
      177 Carolina Way, Arapahoe, NC 28510
      View Details
    • $39,500

      Cleared Lot in Gated Community

      0.7-acre cleared lot in Shine Landing, Arapahoe, NC.
      109 Elbert Lee Road S lot: 20, Arapahoe, NC 28510
      View Details
    • $45,000

      Waterfront Lot with Deeded Slip

      Spacious lot with water views and deeded boat slip.
      64 Meadow Lane, Arapahoe, NC 28510
      View Details
    • $22,500

      Arapahoe, NC Cleared Lot

      Cleared 0.71 acre lot with deeded boat slip.
      61 Edna Court lot: 70, Arapahoe, NC 28510
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Residential land with water views and shoreline access.
    Where is this waterfront land located?
    The property is located at 1099 Hardison Lee Farm Road lot 11 Arapahoe, NC.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: 114' of Rip Rapped shoreline on the Neuse River with views of Pamlico Sound.; Located in Shaded X 500 Year Flood Zone (Flood Insurance Optional).; Enjoy 4‑mile sweeping views of the Neuse River and Pamlico Sound.
    (252) 474-5700
    We can help!
    Listing Contact
    GARY POINDEXTER
    GARY POINDEXTER
    Real Estate License ID: 235349
    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!