Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    122 Cedarwood Havelock, NC 28532

    View on Map
    Claim this Listing
    For Sale
    $75,000

    LAND - Havelock, NC

    Lot size:
    0.87 Acres
    Added:
    Oct 23, 2024
    Days on Market:
    557
    Last Refresh:
    May 2 at 1:06 am

    Property Features for 122 Cedarwood

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    5-011-A-070
    Lot size
    0.87 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 70 NEUSE POINT EAST S/D PH-VI

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Wallace Realty Group

    Listing agent Wallace Realty Group License #325709

    Listing office COLDWELL BANKER SEA COAST ADVANTAGE 1501 E Main St., Havelock, NC

    Listing date Oct 23, 2024

    MLS# 100472583 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.

    Overview

    Residential Land Near Neuse River

    This residential land is located approximately 15 minutes from MCAS Cherry Point, shopping, and restaurants, and about 30 minutes from the beaches. The property is situated in a riverside community outside of the city limits and has no HOA. The lot size is 0.87 acres and is ready for a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Garden Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.77993
    Latitude
    34.921361

    Nearby Similar for Sale

    • $78,000

      Waterfront Lot in Havelock, NC

      1.84-acre waterfront lot with utilities in established neighborhood.
      315 Farina Drive, Havelock, NC 28532
      View Details
    • $210,000
      2,118 SF

      Havelock Specialty Building For Sale

      Adaptable commercial space in a busy Havelock location on HWY 70.
      508 Main St, Havelock, NC 28532
      View Details
    • $369,000

      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
    • $112,000

      Water Access Lot in Havelock

      Waterfront lot with septic permit ready for custom home.
      145 Heron Drive, Havelock, NC 28532
      View Details
    • Sponsored
      $3,495,000
      7,334 SF

      Neuse Breeze Weddings & Special Events Venue

      Coastal North Carolina estate with established wedding business and luxurious homes.
      2391 Temples Point Rd, Havelock, NC 28532
      View Details
    • $280,000

      Waterfront Residential Lots on Neuse

      Two waterfront residential lots near the Intracoastal Waterway.
      611 Becton Road, Havelock, NC 28532
      View Details
    • $227,500

      Waterfront Lot in Havelock, NC

      1.4-acre waterfront lot in Neuse Point East neighborhood.
      119 Cedarwood, Havelock, NC 28532
      View Details
    • $69,950

      Cleared Homesite with Boat Slip

      Level homesite with boat slip near Havelock and Beaufort.
      104 Anchorage Drive lot: 41, 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
    • $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
    • $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

    FAQs

    What type of property is this?
    Residential land & home lot - Land available near MCAS Cherry Point and Neuse River.
    Where is this residential land & home lot located?
    The property is located at 122 Cedarwood Havelock, NC.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Neuse Riverfront Property; No HOA; Outside City Limits
    (252) 772-5340
    We can help!
    Listing Contact
    Wallace Realty Group
    Real Estate License ID: 325709
    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

    Thank You for Inquiry

    122 Cedarwood, Havelock, NC 28532

    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!