Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land with Canal Access Title is generated by Realmo AI

    115 Waterford Drive, Bath, NC 27808

    View on Map
    Claim this Listing
    For Sale
    $149,000

    LAND - Bath, NC

    Lot size:
    1.78 Acres
    Added:
    Apr 2, 2024
    Days on Market:
    791
    Last Refresh:
    Jun 1 at 2:06 am

    Property Features for 115 Waterford Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18988
    Lot size
    1.78 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    1 LOT F (.79 AC) 1 LOT E (.54 AC)1 LOT E-1 (.48 AC) WIDE WATERS S/D
    Tax Annual Amount
    440

    Utilities

    Utilities
    Cable Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Cynthia Gail Kenefick
    Cynthia Gail Kenefick

    Listing agent Cynthia Gail Kenefick License #231456

    Listing office Coldwell Banker Sea Coast Advantage - Washington 239 W Main Street, Washington, NC

    Listing date Apr 2, 2024

    MLS# 100436316 Listing URL

    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.

    HighLights

    • 1.78 acre canal front property with 335 ft of frontage and access to the Pamlico River
    • Includes two additional lots offering potential building sites
    • Septic permit approved for a 4 bedroom home on the primary homesite
    • Boat dock located on the canal
    • Community offers a boat ramp and boat docks
    • Conveniently located near Bath and Belhaven, with high speed fiber optic internet available

    Overview

    This 1.78-acre property features wide waters on the Pamlico River and includes canal front access. The home site consists of two additional lots. Lots F and E offer over an acre with 335 feet of canal front, providing access to the Pamlico River. Lot F, the primary homesite, is wooded with hardwoods and pines. A septic permit is approved for a 4-bedroom home. Water access is available along the protected canal to the Pamlico River, with a boat dock located on the canal. Lots E and E1 offer potential building sites. The community provides a boat ramp and boat docks. Located within minutes of the historic towns of Bath and Belhaven, the property offers peaceful living in a small waterfront community. High-speed fiber optic internet is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel Department Store Discount Store Electrical Service (Bike/Boat/Book/etc) Store Bed & Breakfast Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bath
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.7199249
    Latitude
    35.4287306

    Nearby Similar for Sale

    • $55,000

      Creekfront Homesite in Bath, NC

      0.63-acre creekfront homesite in desirable waterfront community.
      110 Bridgewater Drive S lot: 38, Bath, NC 27808
      View Details
    • $49,999

      Residential Homesite in Bath, NC

      0.92-acre homesite in Bridgewater South subdivision, near historic Bath.
      18 Bridgewater Drive S, Bath, NC 27808
      View Details
    • $365,000

      Waterfront Lot in Historic Bath

      Rare waterfront lot with deep water access and paid tap fees.
      119 S Main Street, Bath, NC 27808
      View Details
    • $55,000

      Wooded Homesite in Bath, NC

      1.82 acre wooded homesite with water views in Bath.
      Fernwood Court lot: 37, Bath, NC 27808
      View Details
    • $345,000

      Waterfront Lot on Pamlico River

      0.37-acre waterfront lot with installed septic and water meter.
      1741 Bayview Road, Bath, NC 27808
      View Details
    • $38,000

      Cleared Lot in Historic Bath

      Cleared 0.56 AC lot ready for building in Bath.
      165 Bridgewater Drive S, Bath, NC 27808
      View Details
    • $160,000

      Waterfront Land in Historic Bath

      3-acre waterfront homesite with community boat ramp access.
      Nc 92 Hwy E lot: 3, Bath, NC 27808
      View Details
    • $69,900

      Residential Lot in Historic Bath

      Spacious lot near water, ideal for custom home.
      Kirby Grange Avenue lot: 7, Bath, NC 27808
      View Details
    • $145,000

      Waterfront Homesite in Historic Bath

      Approximately 3-acre homesite with water access and community boat ramp.
      Nc 92 Hwy E lot: 6, Bath, NC 27808
      View Details
    • $65,000

      Waterfront Community Land For Sale

      Residential land with water views and access in Kirby Grange.
      107 Kirby Grange Avenue, Bath, NC 27808
      View Details
    • $195,000

      Waterfront Land Homesite Opportunity

      Waterfront homesite with community boat ramp and equestrian potential.
      Nc 92 Hwy E lot: 7, Bath, NC 27808
      View Details
    • $69,900

      Residential Lot in Historic Bath

      Spacious lot near water, ideal for custom home.
      Kirby Grange Avenue lot: 1, Bath, NC 27808
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.78 acres with canal access to Pamlico River.
    Where is this waterfront land located?
    The property is located at 115 Waterford Drive Bath, NC.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: 1.78 acre canal front property with **335 ft of frontage and access to the Pamlico River**; Includes two additional lots offering potential building sites; Septic permit approved for a 4 bedroom home on the primary homesite
    (252) 945-3030
    We can help!
    Listing Contact
    Cynthia Gail Kenefick
    Cynthia Gail Kenefick
    Real Estate License ID: 231456
    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

    Thank You for Inquiry
    115 Waterford Drive, Bath, NC 27808
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!