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    Waterfront Lot on Williston Creek Title is generated by Realmo AI

    280 Donnie Davis Road, Williston, NC 28589

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    Claim this Listing
    For Sale
    $299,999

    LAND - Williston, NC

    Lot size:
    10.75 Acres
    Added:
    Aug 29, 2024
    Days on Market:
    632
    Last Refresh:
    May 22 at 7:06 am

    Property Features for 280 Donnie Davis Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    734802673265000
    Lot size
    10.75 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    TR2 WILLIAM C ALSTON

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Lauren Roberts

    Listing agent Lauren Roberts License #259130

    Listing office Sandcastle Realty 153 Blue Heron Lane, Gloucester, NC

    Listing date Aug 29, 2024

    MLS# 100463388 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.

    HighLights

    • Waterfront lot on Williston Creek with access to Jarrett Bay and Core Sound.
    • 4‑bedroom septic and well already installed.
    • 3.7 acres cleared on a 10.75 acre lot.
    • Electrical service on site with 2 RV hookups.
    • Gravel driveway and pull‑through access installed.
    • 20 minute drive to Beaufort for shopping and dining.

    Overview

    This 10.75-acre waterfront lot is located on Williston Creek, offering access to Jarrett Bay and Core Sound. The property has had 3.7 acres cleared and includes infrastructure such as a 4-bedroom septic system, a well, and electrical service on site, including 2 RV hookups. A gravel driveway has been installed, along with a pull-through for easy access, and a shed is present on the property. The land is zoned R. The property is located in Williston, North Carolina, Carteret County. It is located a 20-minute drive to Beaufort for shopping and dining. The property offers the opportunity to build a coastal dream home and park an RV (with permission) during construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Kitchen & Bath Showroom HVAC Service Garden Center Furniture & Home Goods Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.512939
    Latitude
    34.788709

    Nearby Similar for Sale

    • $350,000

      Waterfront Land with Installed Infrastructure

      10.75 acre waterfront lot with utilities and creek access.
      280 Donnie Davis Road, Williston, NC 28589
      View Details
    • $99,000

      Williston, NC Vacant Lot

      Spacious 1.08 acre vacant lot in Williston, North Carolina.
      470 Highway 70 Williston, Williston, NC 28579
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 10.75 acre waterfront lot with infrastructure in place.
    Where is this waterfront land located?
    The property is located at 280 Donnie Davis Road Williston, NC.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: Waterfront lot on Williston Creek with access to Jarrett Bay and Core Sound.; 4‑bedroom septic and well already installed.; **3.7 acres cleared on a 10.75 acre lot.**
    (919) 260-9533
    We can help!
    Listing Contact
    Lauren Roberts
    Real Estate License ID: 259130
    Learn More
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    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
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