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

    120 Waterway Drive lot 39 & Slip 17 Havelock, NC 28532

    View on Map
    For Sale
    $90,000

    LAND - Havelock, NC

    Lot size:
    0.61 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    84
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 120 Waterway Drive lot 39 & Slip 17

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    5-024-1 -039
    Lot size
    0.61 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT #39 FULSHIRE PLANTATION
    TaxAnnualAmount
    122

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Ivey Cosgrove

    Listing agent Ivey Cosgrove License #350807

    Listing office Baran Properties 809 Arendell Street, Morehead City, NC

    Listing date Jan 7, 2026

    MLS# 100547898

    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 with Boat Slip

    Located in the gated waterfront community of Fulshire Plantation along Adams Creek, this 0.61-acre residential lot offers an opportunity for coastal living. The property provides the ability to build a custom home in a quiet, rural coastal setting. The community features spacious homesites and a relaxed atmosphere. This property includes a deeded boat slip #17 at the community dock, providing access to boating, fishing, and nearby coastal waterways. Fulshire Plantation offers privacy and natural surroundings, within convenient reach of Havelock, Cherry Point, and the Crystal Coast.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.9041
    Latitude
    34.8925

    Nearby Similar for Sale

    • $389,000

      Waterfront Land Near Havelock, NC

      4.4+/- acre waterfront property near Havelock, North Carolina.
      0 Temples Point Rd, Havelock, NC 28532
      View Details
    • $240,000
      1,140 SF

      Commercial Property in Havelock, NC

      Commercial property on high-traffic highway near North Carolina beaches.
      256 U.S. Highway 70 W, Havelock, NC 28532
      View Details
    • $139,000

      Commercial Land in High-Traffic Area

      Vacant commercial land in a high-traffic location near Highway 70.
      109 Catawba Road, Havelock, NC 28532
      View Details
    • $295,000

      Waterfront Lot with Sandy Beach

      One-acre waterfront lot with sandy beach in Havelock, NC.
      107 Cedarwood, Havelock, NC 28532
      View Details
    • $679,000
      2,694 SF

      Havelock Retail/Restaurant Opportunity For Sale

      2,694 SF retail/restaurant building renovated in 2022, highway commercial zoning.
      413 West Main Street, Havelock, NC 28532
      View Details
    • $380,000

      Havelock Commercial Land For Sale

      Undeveloped commercial land in Havelock, North Carolina, approximately 12 acres.
      305 Belltown Road, Havelock, NC 28532
      View Details
    • $95,000

      Cleared Land Near Cherry Point

      Cleared 0.48 acre commercial land near MCAS Cherry Point.
      94 Belltown Road, Havelock, NC 28532
      View Details
    • $32,900

      Homesite in Gated Community

      Homesite in gated community near Atlantic Intracoastal Waterway.
      103 Waterway Drive lot: 26, Havelock, NC 28532
      View Details
    • $389,000

      Waterfront Land Near Havelock, NC

      4.4+/- acre waterfront property near Havelock, North Carolina.
      2405 Temples Point Road, Havelock, NC 28532
      View Details
    • $350,000

      Highway 70 Commercial Opportunity

      Commercial property with high visibility and renovation potential.
      275 W Us 70 Highway W, Havelock, NC 28532
      View Details
    • $33,500

      Residential Land in Gated Community

      0.62-acre lot in Fulshire Plantation, Havelock, NC.
      110 Bare Foot Court lot: 063, Havelock, NC 28532
      View Details
    • $149,900

      Vacant Land in New Bern

      0.9 acre commercial land for sale in New Bern, NC.
      110 Windtide Ln, New Bern, NC 28532
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with deeded boat slip in gated community.
    Where is this residential land & home lot located?
    The property is located at 120 Waterway Drive lot 39 & Slip 17 Havelock, NC.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Deeded boat slip #17 at the community dock.; Gated waterfront community in Fulshire Plantation.; Opportunity to build a custom home on a .61 acre lot.
    (919) 791-6996
    We can help!
    Listing Contact
    Ivey Cosgrove
    Real Estate License ID: 350807
    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!