Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Golf Course Title is generated by Realmo AI

    130 E Royal Way, Merry Hill, NC 27957

    View on Map
    Claim this Listing
    For Sale
    $110,000

    LAND - Merry Hill, NC

    Lot size:
    0.35 Acres
    Added:
    Sep 19, 2025
    Days on Market:
    256
    Last Refresh:
    Jun 1 at 2:06 am

    Property Features for 130 E Royal Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    residential
    Standard status
    Active
    APN
    6882-38-5899
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Scotch Hall #63
    Tax Annual Amount
    699

    We can help!

    Listing Contact
    Gayle King
    Gayle King

    Listing agent Gayle King License #331071

    Listing office NCVA Real Estate Group, LLC 104 Rockfish Run, Merry Hill, NC

    Listing date Sep 19, 2025

    MLS# 100531631 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

    • Gated community on an Arnold Palmer Signature Golf Course with Albemarle Sound access.
    • Marina and boat launch providing direct access to the Albemarle Sound.
    • Lot backs up to the 16th green of the golf course.
    • Amenities include tennis, pickle ball, pool, and gym.
    • Secluded and quiet living environment on 800 acres.
    • Close proximity to historic Edenton via boat.

    Overview

    Located in the gated Occano community in Merry Hill, North Carolina, this residential lot offers access to an Arnold Palmer Signature Golf Course. The community spans over 800 acres on the banks of the Albemarle Sound, providing open views. Residents can enjoy amenities such as a marina and boat launch on the Albemarle Sound, tennis, pickle ball, a pool, and a gym. Historic Edenton, with its boat-up restaurants and shopping, is accessible via a short boat ride. Lot 63 backs up to the 16th green. Membership to the Golf Club is optional. The neighborhood is under development. As part of a planned unit development, all plans require approval from the homeowners association before commencement. The lot size is 0.35 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Merry Hill
    County
    Bertie
    State
    North Carolina
    Longitude
    -76.7649
    Latitude
    36.0803

    Nearby Similar for Sale

    • $349,900

      Soundfront Homesite with Custom Plans

      Elevated soundfront homesite with custom plans in gated community.
      118 Kingsview Court lot: 29, Merry Hill, NC 27957
      View Details
    • $110,000

      Land in Gated Golf Community

      Residential lot in a gated golf community with amenities.
      134 E Royal Way, Merry Hill, NC 27957
      View Details
    • $110,000

      Land in Gated Golf Community

      Residential lot in a gated golf course community.
      132 E Royal Way, Merry Hill, NC 27957
      View Details
    • $115,000

      Land in Gated Golf Community

      Residential lot in a gated golf community with amenities.
      136 E Royal Way, Merry Hill, NC 27957
      View Details
    • $105,600

      Land Near Golf Course

      Residential lot near golf course and Albemarle Sound.
      138 E Royal Way, Merry Hill, NC 27957
      View Details
    • $54,999

      Golf Community Homesite Opportunity

      Homesite in premier waterfront golf community with access to amenities.
      110 Prince Court lot: 395, Merry Hill, NC 27957
      View Details
    • $359,900

      Waterfront Golf Homesite Opportunity

      Unique waterfront homesite on golf course in gated community.
      179 Herring Lane lot: 149R, Merry Hill, NC 27957
      View Details
    • $289,900

      Soundfront Lot in Merry Hill

      Soundfront lot with 120' of frontage in Occano.
      110 & 112 Rockfish Run, Merry Hill, NC 27957
      View Details
    • $69,900

      Residential Land in Gated Community

      1.3 acre lot in a planned golf community.
      109 Noble Court lot: 80, Merry Hill, NC 27957
      View Details
    • $56,500

      Cleared Land in Black Rock

      Over one acre lot ready to build on.
      307 Gov Eden House Road, Merry Hill, NC 27957
      View Details
    • $55,000

      Waterfront Land in Merry Hill

      Waterfront homesite with water views and neighborhood boat ramp.
      419 BATCHELOR BAY Drive, Merry Hill, NC 27957
      View Details
    • $69,549

      Residential Land with Water Views

      Flat homesite with pond views in developing community.
      202 Majestic Circle lot: 62, Merry Hill, NC 27957
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in gated golf community near Albemarle Sound.
    Where is this residential land & home lot located?
    The property is located at 130 E Royal Way Merry Hill, NC.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Gated community on an Arnold Palmer Signature Golf Course with Albemarle Sound access.; Marina and boat launch providing direct access to the Albemarle Sound.; **Lot backs up to the 16th green of the golf course.**
    (703) 980-5334
    We can help!
    Listing Contact
    Gayle King
    Gayle King
    Real Estate License ID: 331071
    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
    130 E Royal Way, Merry Hill, NC 27957
    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!