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

    203 Riv Watch Rd, Unit 12 Oriental, NC 28571

    Sponsored
    For Sale
    $375,000

    LAND - Oriental, NC

    Lot size:
    3.30 Acres
    Days on Market:
    30
    Last Refresh:
    Jan 29 at 9:06 am

    Property Features for 203 Riv Watch Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Residential PUD
    APN
    L10-5-12
    Lot size
    3.30 Acres

    Utilities

    Utilities
    Water Available
    Water front
    1

    We can help!

    Listing Contact
    Kari Dawson Forrest

    Kari Forrest Hammond (800) 975-9565

    Listing agent Kari Dawson Forrest (252) 249-0253 License #255176

    Listing date Dec 31, 2025

    MLS# 100418560 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.

    Learn more

    Overview

    Riverfront Estate in The Preserve

    Located in River Dunes' exclusive neighborhood, 203 River Watch Road is a private riverfront estate in The Preserve. The 3.3-acre property overlooks Gum Thicket to the Neuse River, towards the Pamlico Sound and Intracoastal Waterway. River Dunes offers amenities, creeks, walkable neighborhoods, and outdoor living. The community features a 28-acre inland basin marina on the Intracoastal Waterway with 126 slips, floating docks, dock attendants, a boat ramp, boat storage, fuel, and deep-water access. The Harbor Village includes The Harbor Club, a pool and hot tubs, two restaurants, a harborside pavilion, shopping, provisions, fitness, pickleball and tennis courts, a community garden, accommodations, bikes, kayaks, paddleboards, and the Design Center. Outdoor amenities include the Lakehouse, community firepits, oyster tables, stocked fly-fishing ponds, neighborhood docks, paddling trails, and a 238-acre Preserve with trails. Harbor Club Membership, which includes the Clubhouse, Pool, Hot Tub & Fitness Center, is available for an additional fee. The Property Owners Association (POA) provides Brightspeed Fiber Internet, required for homes, at $60/month for 500mbps.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Oriental
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.599942
    Latitude
    35.073365

    Nearby Similar for Sale

    • $125,000
      0.61 Acres

      Waterfront Land in River Dunes

      0.61-acre waterfront lot near Oriental, NC, with stunning views.
      142 Broadview Pt, Oriental, NC 28571
      View Details
    • $365,000
      22.11 Acres

      Waterfront Land in Oriental, NC

      22.11 acres with waterfront, deep-water boat slip, utilities.
      202 Mills Rd, Oriental, NC 28571
      View Details
    • $169,500
      7.55 Acres

      Waterfront Acreage Near Oriental, NC

      Unrestricted 7.5+ acre waterfront property on Tar Creek.
      375 Tar Creek Rd, Oriental, NC 28571
      View Details
    • New
      $439,500
      2,000 SF

      Oriental Duplex: Investor Opportunity

      Fully-occupied duplex in Oriental, NC, near town amenities.
      609 Ragan Rd, Oriental, NC 28571
      View Details
    • $205,000
      7.49 Acres

      Waterfront Acreage Near Oriental, NC

      7.49 acres of waterfront property near Oriental and River Dunes.
      365 Tar Creek Rd, Oriental, NC 28571
      View Details
    • $150,000
      0.47 Acres

      Waterfront Homesite with Dock

      Waterfront homesite with dock near Oriental, NC.
      7013 Fairwinds Dr, Oriental, NC 28571
      View Details
    • $339,500
      1.52 Acres

      Waterfront Lot in Sandy Bay

      Trophy waterfront lot with natural beach and expansive waterviews.
      15 Sandy Bay Drive W, Oriental, NC 28571
      View Details
    • $899,000
      6.59 Acres

      Waterfront Investment Property in Oriental

      Prime waterfront investment opportunity in Oriental, North Carolina.
      130 Holiday Ln, Oriental, NC 28571
      View Details
    • $769,000
      4,007 SF

      Waterfront Oriental Property: Prime Location

      Exceptional waterfront property, 4,007 sq ft, 1.09 acres.
      518 Water St, Oriental, NC 28571
      View Details
    • $4,990,000
      18,289 SF

      Prime Waterfront Oriental Estate

      Exceptional waterfront property, 18,289 sq ft.
      301 Hodges St, Oriental, NC 28571
      View Details
    • $1,475,000
      12,000 SF

      Oriental Fitness Center For Sale

      Thriving Coastal Business, Turn-Key Opportunity
      1006 Broad St, Oriental, NC 28571
      View Details

    FAQs

    What type of property is this?
    Land - Private riverfront property with wooded acreage in River Dunes.
    Where is this land located?
    The property is located at 203 Riv Watch Rd, Unit 12 Oriental, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Private riverfront estate with breathtaking views.; - Located in the exclusive River Dunes community with access to a 28-acre inland basin marina.; - Access to Harbor Village amenities including The Harbor Club (pool, hot tubs, fitness center), restaurants, shopping, and recreational facilities.
    (252) 671-9360
    Request Owner's contact information
    203 Riv Watch Rd, Unit 12 Oriental, NC 28571
    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.
    203 Riv Watch Rd, Unit 12
    Oriental, NC 28571
    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
    203 Riv Watch Rd, Unit 12 Oriental, NC 28571
    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
    Kari Dawson Forrest
    Real Estate License ID: 255176
    (252) 671-9360
    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.