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

    1547 Sagamore Dr Louisburg, NC 27549

    Sponsored
    For Sale
    $225,000

    LAND - Louisburg, NC

    Days on Market:
    145
    Last Refresh:
    Jan 24 at 7:06 pm

    Property Features for 1547 Sagamore Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Grassed, Cleared
    Zoning
    FCO R-30
    APN
    021698

    Utilities

    Utilities
    Water Available
    Sewer type
    Holding Tank
    Water front features
    Seawall
    Water front
    1

    We can help!

    Listing Contact
    Barbara Timmons

    Fathom Realty NC, LLC (888) 455-6040

    Listing agent Barbara Timmons (919) 426-5824

    Listing date Sep 2, 2025

    MLS# 10118819

    Copyright © 2025 Doorify MLS of North Carolina. 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

    Lake Royale Waterfront Retreat

    This lakefront property at Lake Royale offers a retreat with a private dock and seawall, providing lake views and access. The property is situated on maintained grounds and includes a Shasta Camper equipped with a full-size refrigerator. A 10 x 20 foot sunroom offers year-round comfort, suitable for lakeside living and entertaining. The property is suited as a weekend retreat, a place to escape, or a base for fishing, boating, or relaxing. Golfing is available at The River Golf Course. The zoning is FCO R-30.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Restaurant Realty agency Dental Office Auto Repair Shop Bar & Pub Electronics Store Convenience Store Computer & Electronic Repair Pet Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.203202
    Latitude
    35.985269

    Nearby Similar for Sale

    • New
      $36,000
      0.14 Acres

      Lake Royale Camping Lot

      Cleared camping lot with camper and utilities in Lake Royale.
      113 Red Wing Dr, Louisburg, NC 27549
      View Details
    • $89,900
      0.17 Acres

      Lake Royale Waterfront Land

      Waterfront land with camper and kayaks at Lake Royale.
      1507 Sagamore Dr, Louisburg, NC 27549
      View Details
    • $79,900
      0.14 Acres

      Lake Royale Resort Lot

      Improved lot with two campers in gated Lake Royale community.
      171 Winnebago Loop, Louisburg, NC 27549
      View Details
    • $89,900
      0.14 Acres

      Lake Royale Camp Lot

      Camp lot in gated community with lake view and amenities.
      105 Big Horn Dr, Louisburg, NC 27549
      View Details
    • $75,000
      0.28 Acres

      Lake Royale Weekend Retreat

      Camper with addition near Lake Royale amenities.
      108 Geronimo Dr, Louisburg, NC 27549
      View Details
    • $75,000
      0.28 Acres

      Lake Royale Weekend Retreat

      Weekend retreat near Lake Royale amenities in Louisburg, North Carolina.
      108 Geronimo Dr, Louisburg, NC 27549
      View Details
    • $199,900
      0.28 Acres

      Lake Royale Tiny Home and Lot

      Tiny home in gated community with lake access and amenities.
      111-113 Red Oak Dr, Louisburg, NC 27549
      View Details
    • $69,999
      0.19 Acres

      Louisburg, NC Land with Camper

      Multi-use lot with camper in Lake Royale community.
      131 Winnebago Loop, Louisburg, NC 27549
      View Details
    • $149,900

      Lake Royale RV with Build-Over

      2014 Airstream RV under build-over with lake view.
      109-111 Geronimo, Louisburg, NC 27549
      View Details
    • $50,000

      Lake Royale Golf Course Opportunity

      18-hole golf course with pro shop, restaurant, and lakeside amenities.
      118 Rustler Rd, Louisburg, NC 27549
      View Details
    • $250,000
      1,506 SF

      New Home on Large Lot

      Move-in ready home with open concept design on almost acre.
      35 Jonesville Ln, Louisburg, NC 27549
      View Details
    • $89,500
      1.00 Acre

      Louisburg, NC Land Opportunity

      One-acre lot with mobile home and forest surroundings.
      1539 Schloss Rd, Louisburg, NC 27549
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - Lakefront property with private dock, camper, and sunroom.
    Where is this waterfront property located?
    The property is located at 1547 Sagamore Dr Louisburg, NC.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Direct lakefront access with private dock and seawall.; - Move-in ready with Shasta Camper and 10x20 sunroom.; - Includes full-size refrigerator and essential amenities.
    (919) 426-5824
    Request Owner's contact information
    1547 Sagamore Dr Louisburg, NC 27549
    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.
    1547 Sagamore Dr
    Louisburg, NC 27549
    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
    1547 Sagamore Dr Louisburg, NC 27549
    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
    Barbara Timmons
    (919) 426-5824
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.