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

    201 Hawtree Way Warrenton, NC 27589

    View on Map
    Claim this Listing
    For Sale
    $109,900

    Residential Lot-Restricted - Warrenton, NC

    Type:Boat Slip
    Lot size:
    2.21 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    107
    Last Refresh:
    Apr 18 at 9:06 pm

    Property Features for 201 Hawtree Way

    General Information

    Property type
    Land
    Property subtype
    Boat Slip
    Zoning
    Residential
    Standard status
    Active
    Lot size
    2.21 Acres

    Utilities

    Water front features
    Hawtree Creek (sw), Lake Gaston

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paige Thompson
    Paige Thompson

    Listing agent Paige Thompson

    Listing office eXp Realty, LLC-(NN) 11815 Fountain Way Ste 300, Clayton, NC

    Listing date Jan 1, 2026

    MLS# 140481 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Lot in Merrymount, Warrenton

    This 2.21-acre waterfront lot is located in the Merrymount neighborhood of Warrenton, North Carolina. The residential lot, situated on Lake Gaston, features a single boathouse and offers views of Hawtree Creek. The gently sloped lot is ready for home construction. The property is conveniently located near Interstate 85, providing easy access to amenities in South Hill and is just minutes from the Hawtree Creek boat ramp.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrenton
    County
    Warren
    State
    North Carolina
    Longitude
    -78.1409
    Latitude
    36.3189

    Nearby Similar for Sale

    • $150,000
      6,734 SF

      Historic Warrenton Commercial Building For Sale

      Two-story commercial building in historic downtown Warrenton, North Carolina.
      119 W Market Street, Warrenton, NC 27589
      View Details
    • $450,000
      4,340 SF

      Restored Mixed-Use Historic Downtown Property

      Charming mixed-use property with income potential in historic downtown Warrenton.
      134 S Main St., Warrenton, NC 27589
      View Details
    • $265,000
      1,613 SF

      Renovated Commercial Building in Downtown

      Renovated commercial building in historic downtown Warrenton, North Carolina.
      132 S Main Street, Warrenton, NC 27589
      View Details
    • $450,000
      4,340 SF

      Restored Mixed-Use Historic Downtown Property

      Charming mixed-use property with income potential in historic Warrenton.
      134 S Main Street, Warrenton, NC 27589
      View Details
    • $285,000
      6,603 SF

      Massive Commercial Building with Warehouse

      Sprawling commercial building with warehouse space in blossoming downtown Warrenton.
      123 N Main Street, Warrenton, NC 27589
      View Details
    • $5,000

      Small Wooded Commercial Lot

      Non-conforming, wooded commercial lot in Warrenton, NC for sale.
      480 W Ridgeway Street, Warrenton, NC 27589
      View Details
    • $399,000

      Warren County Land with Creek

      80+ acre property with agricultural land and recreational opportunities.
      216 Doc Jones Trail, Warrenton, NC 27589
      View Details
    • $165,000

      Historic Downtown Warrenton Mixed-Use Building

      Charming building in historic Warrenton with storefronts and apartment.
      110-116 South Main Street, Warrenton, NC 27589
      View Details
    • $30,000

      Warrenton Land: Private Residential Opportunity

      3.78 acres of residential land with no HOA fees.
      7 & 7a Richardson Road, Warrenton, NC 27589
      View Details
    • $150,000
      6,734 SF

      Warrenton Commercial Building For Sale

      Commercial building in Warrenton, NC, suitable for retail or storefront.
      119 W Market Street, Warrenton, NC 27589
      View Details
    • $260,000

      Secluded Land Near Lake Gaston

      49+ acres of wooded land, ideal for hunting/recreation.
      Richardson Road, Warrenton, NC 27589
      View Details
    • $55,000

      8-Acre Private Retreat Land

      8-acre Warrenton land with well, septic, and private easement.
      147 Charles Brown Road, Warrenton, NC 27589
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Waterfront lot with boathouse in desirable Merrymount neighborhood.
    Where is this residential land & home lot located?
    The property is located at 201 Hawtree Way Warrenton, NC.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: Waterfront lot on Lake Gaston; Priced under tax assessed value; Over two acres in the desirable Merrymount neighborhood
    (434) 294-1919
    We can help!
    Listing Contact
    Paige Thompson
    Paige Thompson
    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!