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

    150 Arborvitae Drive lot 35 Pine Knoll Shores, NC 28512

    View on Map
    For Sale
    Under Contract
    $740,000

    LAND - Pine Knoll Shores, NC

    Lot size:
    0.36 Acres
    Added:
    Dec 28, 2025
    Days on Market:
    95
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for 150 Arborvitae Drive lot 35

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Standard status
    Active Under Contract
    APN
    635519524196000
    Lot size
    0.36 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    L35 BNN PINE KNOLL SHORES
    TaxAnnualAmount
    1621

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Bailey Basnight Real Estate
    Bailey Basnight Real Estate

    Listing agent Bailey Basnight Real Estate License #281517

    Listing office Coldwell Banker Sea Coast AB 515 Atlantic Beach Causeway, Atlantic Beach, NC

    Listing date Dec 28, 2025

    MLS# 100546717

    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

    Canal Front Lot For Sale

    This is a 0.36-acre canal front lot located in Pine Knoll Shores, Carteret County, North Carolina. The property has vinyl bulkhead in place. It offers unrestricted access to Bogue Sound, as there are no bridges obstructing the waterway. The lot is partially cleared and easy to view. According to the listing, permitting for a slip, dock, or lift can be obtained from CAMA. The zoning is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Pine Knoll Shores
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.7775
    Latitude
    34.6984

    Nearby Similar for Sale

    • $699,900

      Waterfront Lot in Pine Knoll

      Waterfront lot with dock, outside flood zone, near amenities.
      117 White Ash Drive, Pine Knoll Shores, NC 28512
      View Details
    • $950,000

      Coastal Homesite in Roosevelt Reserve

      Rare homesite with deeded beach access in Pine Knoll Shores.
      106 Lot 6 Roosevelt Reserve Park Avenue lot: 6, Pine Knoll Shores, NC 28512
      View Details
    • $950,000

      Coastal Homesite in Roosevelt Reserve

      Second-row homesite with deeded beach access in Pine Knoll Shores.
      104 Lot 7 Roosevelt Reserve Park Place lot: 7, Pine Knoll Shores, NC 28512
      View Details
    • $750,000

      Coastal Homesite in Roosevelt Reserve

      Second-row homesite with deeded beach access in Pine Knoll Shores.
      102 Lot 8 Roosevelt Reserve Park lot: 8, Pine Knoll Shores, NC 28512
      View Details
    • $1,750,000

      Oceanfront Land in Pine Knoll Shores

      Historic oceanfront property with development potential in Pine Knoll Shores.
      105 Lot 3 Roosevelt Reserve Park Place lot: 3, Pine Knoll Shores, NC 28512
      View Details
    • $1,800,000

      Oceanfront Land in Pine Knoll

      Extraordinary oceanfront setting for a private estate or generational compound.
      103 Lot 2 Roosevelt Reserve Park Lane lot: 2, Pine Knoll Shores, NC 28512
      View Details
    • $2,050,000

      Oceanfront Land in Pine Knoll

      Historic oceanfront property with development potential in Pine Knoll Shores.
      101 Roosevelt Reserve Park Place lot: 1, Pine Knoll Shores, NC 28512
      View Details
    • $1,950,000

      Oceanfront Land in Pine Knoll Shores

      Historic oceanfront property with development potential in Pine Knoll Shores.
      107 Lot 4 Roosevelt Reserve Park Place lot: 4, Pine Knoll Shores, NC 28512
      View Details
    • $1,050,000

      Coastal Homesite in Roosevelt Reserve

      Second-row homesite with deeded beach access in Pine Knoll Shores.
      108 Lot 5 Roosevelt Reserve Park lot: 5, Pine Knoll Shores, NC 28512
      View Details
    • $899,900

      Oceanfront Lot in Pine Knoll Shores

      Oceanfront lot to build your dream home in coastal town.
      111 Ocean Shore Lane, Pine Knoll Shores, NC 28512
      View Details
    • $400,000

      Waterfront Lot with Ocean Access

      Waterfront lot with views and community amenities in Pine Knoll Shores.
      3 West Court, Pine Knoll Shores, NC 28512
      View Details
    • $400,000

      Waterfront Lot with Ocean Access

      Waterfront lot with views and community amenities in Pine Knoll Shores.
      4 West Court, Pine Knoll Shores, NC 28512
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Large canal front lot with no bridge restrictions.
    Where is this waterfront land located?
    The property is located at 150 Arborvitae Drive lot 35 Pine Knoll Shores, NC.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: Rare large canal front lot with unrestricted access to Bogue Sound.; Vinyl bulkhead already in place.; Permitting possible for a slip, dock, or lift from CAMA.
    (252) 515-0502
    We can help!
    Listing Contact
    Bailey Basnight Real Estate
    Bailey Basnight Real Estate
    Real Estate License ID: 281517
    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!