Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land in Port Vandemere Title is generated by Realmo AI

    128 Shell Castle Lane lot 32, Vandemere, NC 28587

    View on Map
    Claim this Listing
    For Sale
    $44,900

    LAND - Vandemere, NC

    Lot size:
    0.72 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 128 Shell Castle Lane lot 32

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AE
    Standard status
    Active
    APN
    K04-6-32
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 32 Port Vandemere Pca 164-9 0017586 750305408700
    Tax Annual Amount
    95

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Beth Frazer
    Beth Frazer

    Listing agent Beth Frazer License #206845

    Listing office Beth Frazer & Associates, Inc. 401 Hodges St, Oriental, NC

    Listing date Apr 16, 2026

    MLS# 100567391 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.

    HighLights

    • No HOA fees.
    • Water and sewer taps available.
    • Access to Vandemere Creek Marina with boat slip rentals.
    • Deep water access in Vandemere Creek.
    • Proximity to Intracoastal Waterway, Neuse River and Pamlico Sound.
    • Located in Port Vandemere subdivision.

    Overview

    This 0.72-acre homesite is located in the Port Vandemere subdivision in Vandemere, North Carolina. Water and sewer taps are available. The property is not subject to HOA fees. Vandemere Creek Marina, offering boat slip rentals, is located within the subdivision. Vandemere Creek provides well-protected deep waters and is approximately 4 miles from the Intracoastal Waterway, Neuse River, and surrounding towns and anchorages of the Pamlico Sound.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Vandemere
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.654996
    Latitude
    35.19746

    Nearby Similar for Sale

    • $39,900

      Waterfront Homesite in Port Vandemere

      Waterfront land with marina access, near Intracoastal Waterway.
      222 Shell Castle Lane lot: 28, Vandemere, NC 28587
      View Details
    • $49,900

      Waterfront Land in Port Vandemere

      Homesite with water and sewer taps near Vandemere Creek.
      252 Shell Castle Lane lot: 27, Vandemere, NC 28587
      View Details
    • $44,900

      Waterfront Land in Port Vandemere

      Homesite with water and sewer access near Vandemere Creek.
      168 Shell Castle Lane lot: 31, Vandemere, NC 28587
      View Details
    • $44,900

      Homesite in Port Vandemere

      Homesite with water and sewer taps available, near marina.
      56 Shell Castle Lane lot: 35, Vandemere, NC 28587
      View Details
    • $39,900

      Homesite in Port Vandemere

      Residential land in Vandemere, close to Intracoastal Waterway.
      78 Shell Castle Lane lot: 34, Vandemere, NC 28587
      View Details
    • $109,900

      Waterfront Land with Creek Views

      Wooded waterfront lot on Cedar Creek with privacy, paved road access, and sewer in the area for flexible build plans.
      450 Griggs Road lot: 1, Vandemere, NC 28587
      View Details
    • $149,900

      Waterfront Homesite with Deeded Boat Slip

      Waterfront land with deeded boat slip in Vandemere, North Carolina.
      269 Shell Castle Lane lot: 23, Vandemere, NC 28587
      View Details
    • $45,000

      Waterfront Land in Port Vandemere

      Homesite with water and sewer access near Vandemere Creek.
      95 Royal Shoal Lane lot: 38, Vandemere, NC 28587
      View Details
    • $45,000

      Waterfront Land in Port Vandemere

      Homesite with water and sewer access near Vandemere Creek.
      103 Royal Shoal Lane lot: 39, Vandemere, NC 28587
      View Details
    • $29,900

      Waterfront Land in Port Vandemere

      Homesite with water and sewer taps near marina.
      661 Vandemere Creek Drive lot: 9, Vandemere, NC 28587
      View Details
    • $45,000

      Waterfront Land in Port Vandemere

      Homesite with water and sewer access near Vandemere Creek.
      69 Royal Shoal Lane lot: 36, Vandemere, NC 28587
      View Details
    • $44,900

      Homesite in Port Vandemere

      Homesite in Vandemere with water and sewer taps available.
      699 Vandemere Creek Drive lot: 45, Vandemere, NC 28587
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Homesite with water and sewer access near Vandemere Creek.
    Where is this waterfront land located?
    The property is located at 128 Shell Castle Lane lot 32 Vandemere, NC.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: No HOA fees.; Water and sewer taps available.; Access to Vandemere Creek Marina with boat slip rentals.
    (252) 670-4085
    We can help!
    Listing Contact
    Beth Frazer
    Beth Frazer
    Real Estate License ID: 206845
    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
    128 Shell Castle Lane lot: 32, Vandemere, NC 28587
    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!