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

    161 Bay St Fuquay Varina, NC 27526

    Sponsored
    For Sale
    $65,000

    LAND - Fuquay Varina, NC

    Lot size:
    0.41 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 6 at 12:06 pm

    Property Features for 161 Bay St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    050613 0022
    Lot size
    0.41 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    JACQUELINE VAN DE BOGART

    NorthGroup Real Estate LLC (704) 412-2804

    Listing agent JACQUELINE VAN DE BOGART (910) 676-8628 License #277960

    Listing date Jan 31, 2026

    MLS# 754220

    Copyright © 2026 Longleaf Pine Realtors. 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

    Residential Lot Near Cape Fear

    This 0.41-acre residential lot is located in the Captain's Landing community, offering a peaceful and private setting. Situated in a rural area, it is conveniently close to the shops, restaurants, and amenities of Fuquay Varina, Lillington, and Sanford, with an easy commute to RDU Airport and Fort Bragg. The lot is located across the road from river access to the Cape Fear River, and the community provides a boat ramp, picnic areas, a fishing pond, and a clubhouse. The property has been perk tested for 3 bedrooms and surveyed. Public water and electric access are available. The relaxed POA allows for a smooth building process with your own builder.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.950346
    Latitude
    35.487369

    Nearby Similar for Sale

    • $999,900
      3,333 SF

      Versatile Downtown Property For Sale

      Highly visible property with showroom and flexible space in growing community.
      202 N Main St, Fuquay Varina, NC 27526
      View Details
    • $749,000
      1.95 Acres

      Fuquay Varina Mobile Home Park

      Income-producing mobile home park on 1.95 acres near Wake Tech.
      9645 Eden Trl, Fuquay Varina, NC 27526
      View Details
    • $275,000
      1.52 Acres

      Income-Producing Property Near Wake Tech

      1.52 acres with two income-producing rentals near Wake Tech.
      9704 Eden Trl, Fuquay Varina, NC 27526
      View Details
    • $390,000
      2,286 SF

      New Townhome in Madden West

      Three-story townhome with 4 bedrooms, 3.5 baths, and two-car garage.
      823 Washington St, Fuquay Varina, NC 27526
      View Details
    • $429,000
      2,513 SF

      Spacious Townhome in Fuquay-Varina

      Modern 4-bedroom, 3.5-bathroom townhome with community amenities.
      3022 White Rail Dr, Fuquay Varina, NC 27526
      View Details
    • $370,000
      1,998 SF

      Spacious Townhome in Madden West

      Four-bedroom, three-and-a-half-bath townhome with modern features and smart home package.
      815 Washington St, Fuquay Varina, NC 27526
      View Details
    • $365,000
      1,998 SF

      Spacious Townhome in Madden West

      Four-bedroom, three-and-a-half-bath townhome with modern features and smart home package.
      821 Washington St, Fuquay Varina, NC 27526
      View Details
    • $389,000

      Spacious Townhome Near Downtown

      Four-bedroom townhome with two-car garage near downtown Fuquay-Varina.
      516 Barneswyck Dr, Fuquay Varina, NC 27526
      View Details
    • Contact for pricing
      14 SF

      Class A Mixed-Use Development

      Premier mixed-use property in downtown Fuquay-Varina, walkable to amenities.
      145 S Main St, Fuquay Varina, NC 27526
      View Details
    • Contact for pricing
      14 SF

      Class A Mixed-Use Development

      Premier mixed-use property in historic downtown Fuquay-Varina.
      145 S Main St, Fuquay Varina, NC 27526
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.41 acre lot with river access and amenities.
    Where is this residential land & home lot located?
    The property is located at 161 Bay St Fuquay Varina, NC.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Community boat ramp access to the Cape Fear River.; - Ready to build: Perk tested for 3 bedrooms and survey complete.; - Public water and electric access available.
    (252) 269-2353
    Request Owner's contact information
    161 Bay St Fuquay Varina, NC 27526
    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.
    161 Bay St
    Fuquay Varina, NC 27526
    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
    161 Bay St Fuquay Varina, NC 27526
    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
    JACQUELINE VAN DE BOGART
    Real Estate License ID: 277960
    (252) 269-2353
    Learn more
    Google sign-in failed. Please try again or use another login method.