Sign Up Successful!
You now have access to more from Realmo!
    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

    1203 Petite Terre Ct New Bern, NC 28560

    Sponsored
    For Sale
    $59,900

    Vacant Land - New Bern, NC

    Lot size:
    0.39 Acres
    Days on Market:
    255
    Last Refresh:
    Jan 31 at 3:06 pm

    Property Features for 1203 Petite Terre Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Gym
    APN
    2-052-034
    Parking features
    Garage
    Exterior features
    Pool Building
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Expense value
    116
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen Atkins II

    Waterfront Professionals, Inc. / Experience Realty (252) 975-0777

    Listing agent Stephen Atkins II (252) 975-0777

    Listing date May 22, 2025

    MLS# 11477065 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Lot in Fairfield Harbour

    This 0.39-acre wooded lot is located on the Fairfield Harbour greenway, situated on a cul-de-sac. It is suitable for building a home. The Fairfield Harbour community provides access to boating, golfing, tennis, pickleball, shuffleboard, boat ramps, and a dog park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Hair Salon Pharmacy Hotel & Motel Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -76.964317
    Latitude
    35.083301

    Nearby Similar for Sale

    • $250,000
      3,219 SF

      New Bern Duplex Investment Opportunity

      Well-maintained duplex in New Bern with immediate income potential.
      700 2Nd Ave, New Bern, NC 28560
      View Details
    • $1,500,000
      7.17 Acres

      Industrial Land on Neuse Boulevard

      7+ acre industrial-zoned land suitable for flex/warehouse or self-storage.
      3101 Neuse Blvd, New Bern, NC 28560
      View Details
    • $175,000
      0.08 Acres

      Land in Historic Downtown New Bern

      Land for new home construction near Neuse River.
      805 E Front St, New Bern, NC 28560
      View Details
    • $335,000
      15.20 Acres

      Cleared Land with Income Potential

      5 acres cleared, graveled land suitable for commercial use.
      680 Half Moon Rd, New Bern, NC 28560
      View Details
    • $370,000
      1,578 SF

      New Construction Duplex Near Hospital

      New construction duplex near hospital, estimated $3000 monthly income.
      1612 Lincoln St, New Bern, NC 28560
      View Details
    • $647,500
      5,030 SF

      Restored Historic New Bern Duplex

      Elegantly restored duplex, income potential, suitable for short-term rentals.
      1222 National Ave, New Bern, NC 28560
      View Details
    • $475,000

      River Bend Office For Sale

      Unique office building in River Bend, NC, with recent renovations.
      44 Shoreline Dr, New Bern, NC 28562
      View Details
    • $475,000

      River Bend Office For Sale

      Prime office building in River Bend, North Carolina.
      44 Shoreline Dr, New Bern, NC 28562
      View Details
    • $1,500,000

      Retail Property Near Major Retailers

      Retail property with high visibility and accessibility near major retailers.
      2612 Trent Rd, New Bern, NC 28562
      View Details
    • $917,700
      9,014 SF

      Freestanding Dollar General in New Bern

      Single tenant Dollar General with investment grade credit rating.
      455 Pirates Rd, New Bern, NC 28562
      View Details
    • Contact for pricing
      3,600 SF

      Retail End-Cap Unit For Sale

      High-visibility 3,600 SF end-cap unit on Dr. Martin Luther King Jr. Blvd.
      3918 Doctor Martin Luther King Junior Blvd, New Bern, NC 28562
      View Details
    • Contact for pricing

      New Bern Warehouse/Distribution/Manufacturing Space

      Warehouse, distribution, or manufacturing space centrally located in New Bern, NC.
      197 Bosch Blvd, New Bern, NC 28562
      View Details

    FAQs

    What type of property is this?
    Land - Charming 0.39-acre wooded lot in a vibrant community.
    Where is this land located?
    The property is located at 1203 Petite Terre Ct New Bern, NC.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Located in the desirable Fairfield Harbour community.; - Enjoy access to boating, golfing, tennis, pickleball, and shuffleboard.; - Wooded lot on the scenic Fairfield Harbour greenway.
    (252) 975-0777
    Request Owner's contact information
    1203 Petite Terre Ct New Bern, NC 28560
    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.
    1203 Petite Terre Ct
    New Bern, NC 28560
    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
    1203 Petite Terre Ct New Bern, NC 28560
    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

    We can help!
    Listing Contact
    Stephen Atkins II
    (252) 975-0777
    Learn more
    Google sign-in failed. Please try again or use another login method.