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

    119 James Drive Emerald Isle, NC 28594

    View on Map
    New
    For Sale
    Under Contract
    $425,000

    LAND - Emerald Isle, NC

    Lot size:
    0.27 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 119 James Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R2
    Standard status
    Active Under Contract
    APN
    539307590437000
    Lot size
    0.27 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    L4 BB B31 Oakland Hills
    TaxAnnualAmount
    1216

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Cynthia A Earnhardt

    Listing agent Cynthia A Earnhardt License #174192

    Listing office Bluewater Real Estate - EI PO Box 4340, Emerald Isle, NC

    Listing date Mar 27, 2026

    MLS# 100563259

    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

    Oceanside Corner Homesite Opportunity

    This .275-acre oceanside corner homesite presents an opportunity for a custom coastal build. The wooded, gently rolling lot offers design flexibility. A 4-bedroom septic application is already in motion. Located just ten lots from the beach, convenient beach access is available at James & Ocean Drive, complete with golf cart parking, a bike rack, and space for beach gear. The Emerald Isle bike path is nearby, providing easy access to the Bogue Inlet Pier, restaurants, arcade, and ice cream shops. For boaters, the NC Wildlife Boating Access, featuring 4 launching lanes and over 112 parking spaces, is less than a 5-minute drive away. The property is located in Flood Zone X, so flood insurance is optional.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Emerald Isle
    County
    Carteret
    State
    North Carolina
    Longitude
    -77.02068
    Latitude
    34.666682

    Nearby Similar for Sale

    • $665,000

      Waterfront Lot in Emerald Isle

      Waterfront lot with community dock and private beach access.
      9806 Clarendon Drive lot: 27, Emerald Isle, NC 28594
      View Details
    • $2,225,000
      2,406 SF

      Oceanfront Duplex on Crystal Coast

      Turnkey, fully furnished rental duplex on Emerald Isle's prized beaches.
      5213 Ocean Drive unit: E&W, Emerald Isle, NC 28594
      View Details
    • $359,000

      Emerald Isle Coastal Lot

      0.45-acre lot in Spinnaker's Reach community, Emerald Isle, NC.
      210 Shipwreck Lane lot: 82, Emerald Isle, NC 28594
      View Details
    • $869,900
      1,340 SF

      Emerald Isle Duplex For Sale

      Second-row duplex in Emerald Isle, North Carolina.
      101 24th Street, Emerald Isle, NC 28594
      View Details
    • $880,000

      Sound Front Lot Opportunity

      Sound front lot for dream home near Crystal Coast beaches.
      708 Emerald Drive lot: 25, Emerald Isle, NC 28594
      View Details
    • $395,000

      Pond Front Lot in Emerald

      Pond front lot in Spinnaker's Reach, Emerald Isle, NC.
      302 Friendship Court, Emerald Isle, NC 28594
      View Details
    • $465,000

      Residential Lot in Spinnakers Reach

      Large building lot in private Emerald Isle neighborhood.
      302 Governor Safford Lane lot: 9, Emerald Isle, NC 28594
      View Details
    • $255,000

      Emerald Isle Land Opportunity

      Residential lot in gated community near private beach access.
      9704 Ashley Place, Emerald Isle, NC 28594
      View Details
    • $695,000

      Water View Lot in Emerald

      Sound front lot with water views and septic installed.
      9814 Clarendon Drive lot: 31, Emerald Isle, NC 28594
      View Details
    • $355,900

      Emerald Isle Land For Sale

      Corner lot in quiet neighborhood near private marina.
      320 Bay Tree Lane, Emerald Isle, NC 28594
      View Details
    • $600,000

      Residential Lot in Emerald Isle

      Building lot in Spinnakers Reach community, steps from ocean.
      202 Shipwreck Lane lot: 138, Emerald Isle, NC 28594
      View Details
    • $275,000

      Residential Land in Lands End

      Vacant lot in gated community with septic permit.
      200 Pelican Point Court, Emerald Isle, NC 28594
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant .275-acre corner homesite near the beach.
    Where is this residential land & home lot located?
    The property is located at 119 James Drive Emerald Isle, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Oceanside corner lot (.275 acres) - ideal for custom coastal build.; 4‑bedroom septic application already in motion.; Flood Zone X - flood insurance not required.
    (252) 646-3244
    We can help!
    Listing Contact
    Cynthia A Earnhardt
    Real Estate License ID: 174192
    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!