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

    118 Dockery Drive lot 27 Hertford, NC 27944

    View on Map
    For Sale
    $128,500

    LAND - Hertford, NC

    Lot size:
    1.81 Acres
    Added:
    Sep 1, 2025
    Days on Market:
    219
    Last Refresh:
    Apr 7 at 5:06 pm

    Property Features for 118 Dockery Drive lot 27

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    residential
    Standard status
    Active
    APN
    8809845963
    Lot size
    1.81 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    # 27 Bay Landing

    Utilities

    Utilities
    Cable Available
    Water front
    1

    We can help!

    Listing Contact
    Gela Johnston
    Gela Johnston

    Listing agent Gela Johnston License #294634

    Listing office Howard Hanna WEW/Moyock 101 Commerce Dr, Moyock, NC

    Listing date Sep 1, 2025

    MLS# 100528094

    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 in Bay Landing

    This 1.81-acre waterfront lot is located in Bay Landing in Hertford, North Carolina. Situated on the Little River, the property offers a private and serene setting suitable for building a dream home. Residents can enjoy amenities such as boating, fishing, jet skiing, and paddle boarding. A community boat ramp and dock are available. The property is zoned residential. Dining, entertainment, shopping, and medical facilities are located minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Electrical Service Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hertford
    County
    Perquimans
    State
    North Carolina
    Longitude
    -76.27843
    Latitude
    36.182112

    Nearby Similar for Sale

    • $2,700,000
      10,050 SF

      Hertford Professional Facility on 3+ Acres

      10,050 SF professional facility in Hertford, NC for sale.
      1082 Harvey Point Road, Hertford, NC 27944
      View Details
    • $395,000

      Waterfront Land on Yeopim River

      11.65-acre waterfront homesite with 612 feet of shoreline.
      Peninsula Shores Way lot: 6, Hertford, NC 27944
      View Details
    • $15,000

      Waterfront Land in Holiday Island

      Vacant lot with water access in waterfront community.
      Pirate Cove Way lot: 77, Hertford, NC 27944
      View Details
    • $175,000

      Hertford Lot with Metal Building

      Waterfront community lot with 30x40 metal building.
      112 Iowa Trail lot: 46, Hertford, NC 27944
      View Details
    • $23,400

      Waterfront Lot in Tranquil Community

      2.34-acre corner lot with private canal and water views.
      101 Sandpiper Drive, Hertford, NC 27944
      View Details
    • $450,000

      Waterfront Homesite in Gated Community

      Waterfront homesite in Albemarle Plantation with community amenities.
      30 Carolyn Court, Hertford, NC 27944
      View Details
    • $60,000

      Hertford Land with Septic Permit

      1.27 acre lot with septic permit for 4-bedroom house.
      238 Camp Perry Road lot: 3, Hertford, NC 27944
      View Details
    • $50,000

      Waterfront Canal Lot Ready to Build

      Waterfront lot with deep water access and existing utilities.
      Leeward Drive lot: 35, Hertford, NC 27944
      View Details
    • $50,000

      Waterfront Land in Hertford, NC

      4.34-acre waterfront lot in The Shores at Land's End.
      114 Sandpiper Drive, Hertford, NC 27944
      View Details
    • $59,900

      Water View Homesite in Hertford

      3.84-acre homesite with water views and protected natural setting.
      266 Sterling Colson Way lot: 60, Hertford, NC 27944
      View Details
    • $35,000

      Half-Acre Lot in Gated Community

      Spacious lot in Albemarle Plantation with community amenities.
      32 Pasquotank Blvd., Hertford, NC 27944
      View Details
    • $50,000

      Waterfront Lot Ready to Build

      Waterfront canal lot with deep water access and existing utilities.
      Lot 35 Leeward Drive, Hertford, NC 27944
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.81-acre waterfront lot for dream home in Hertford, NC.
    Where is this residential land & home lot located?
    The property is located at 118 Dockery Drive lot 27 Hertford, NC.
    What is the asking price?
    The asking price for this property is $128,500.
    What are key features of this property?
    This property features: Waterfront lot on the Little River with boating, fishing, jet skiing, and paddle boarding; Enjoy privacy and space on this 1.81 acre lot; Community boat ramp and dock access
    (757) 409-6901
    We can help!
    Listing Contact
    Gela Johnston
    Gela Johnston
    Real Estate License ID: 294634
    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!