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

    306 Cypress Drive Edenton, NC 27932

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Edenton, NC

    Lot size:
    0.34 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 27 at 12:06 pm

    Property Features for 306 Cypress Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R15
    Standard status
    Active
    APN
    781311560490
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 4, Blk 311, CC PIN 781311560490 & Lot 5, Blk 311, CC PIN 781311561336

    We can help!

    Listing Contact
    Van-Dee Hetherington
    Van-Dee Hetherington

    Listing agent Van-Dee Hetherington License #251169

    Listing office Welcome Home Realty NC 110 W Water Street, Edenton, NC

    Listing date Oct 20, 2025

    MLS# 100537367 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.

    Overview

    Water Access Building Lots

    Located approximately five miles from historic downtown Edenton, these building lots offer water access. Situated within the established Cape Colony neighborhood, residents can enjoy the amenities of this waterfront community. Cape Colony features a sound-front common area with a beach, playground equipment, clubhouse, and covered picnic spaces. A private neighborhood boat ramp provides access to the Albemarle Sound. These lots are suitable for building a primary home, weekend retreat, or investment property. Adjoining lots are available for those seeking extra space. The lots are located at 306 Cypress Drive, Edenton, NC 27932. The lot size is approximately 0.34 acres. The zoning is R15. Cape Colony is a popular waterfront community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edenton
    County
    Chowan
    State
    North Carolina
    Longitude
    -76.578594
    Latitude
    36.02328

    Nearby Similar for Sale

    • $379,900
      3,713 SF

      Versatile Triplex in Historic Edenton

      Triplex with income potential near downtown Edenton.
      113 Mexico Road, Edenton, NC 27932
      View Details
    • $379,900

      200+ Acres Near Edenton

      Expansive land tract offering privacy, natural beauty, and outdoor escape.
      1612 Rocky Hock Landing Road, Edenton, NC 27932
      View Details
    • $545,000
      2,700 SF

      Renovated Triplex in Historic Edenton

      Turnkey triplex in Edenton's historic district with income potential.
      207 S Oakum Street, Edenton, NC 27932
      View Details
    • $35,000

      Waterfront Community Wooded Lots

      Four wooded lots in waterfront community near Albemarle Sound.
      405 White Oak Drive, Edenton, NC 27932
      View Details
    • $76,000

      Riversound Community Building Lot

      2-acre lot with utilities in Riversound community, Edenton, NC.
      704 Batts Island Road, Edenton, NC 27932
      View Details
    • $100,000

      Cleared Land in Edenton Community

      Two lots ready to build in Edenton Lake & Harbor.
      208 Schooner Landing Drive lot: 49, Edenton, NC 27932
      View Details
    • $98,500

      Edenton Land For Sale

      3.45 acre lot for building a home or mini-farm.
      1214 Virginia Road lot: 2, Edenton, NC 27932
      View Details
    • $39,900

      Land in RiverSound Subdivision

      2+ acre lot with creek access and community amenities.
      312 Plumtree Circle lot: 203, Edenton, NC 27932
      View Details
    • $757,625

      27.55 Acres in Edenton, NC

      27.55 acres with barns, agricultural storage, and residence.
      134 Mexico Road, Edenton, NC 27932
      View Details
    • $95,000

      Waterfront Lot in Albemarle Shores

      Cleared, ready-to-build waterfront lot near Historic Downtown Edenton.
      222 Osprey Drive lot: 28, Edenton, NC 27932
      View Details
    • $29,000

      Residential Land in Gated Community

      Land in Edenton Bay Plantation, near Albemarle Sound.
      141 Lake Wood Drive lot: 65, Edenton, NC 27932
      View Details
    • $59,000

      Cleared Canal Front Homesite

      0.45-acre canal front lot ready for your dream home.
      122 Montpelier Drive, Edenton, NC 27932
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lots with water access near historic downtown Edenton.
    Where is this residential land & home lot located?
    The property is located at 306 Cypress Drive Edenton, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Water access community on the Albemarle Sound with **private boat ramp**.; **Sound‑front common area** with beach, playground, clubhouse, and picnic spaces.; Located just 5 miles from historic downtown Edenton.
    (252) 333-8000
    We can help!
    Listing Contact
    Van-Dee Hetherington
    Van-Dee Hetherington
    Real Estate License ID: 251169
    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!