Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land with Private Boat Title is generated by Realmo AI

    313 Southern Way lot 63/Sl32, Arapahoe, NC 28510

    View on Map
    Claim this Listing
    For Sale
    $46,000

    LAND - Arapahoe, NC

    Lot size:
    0.75 Acres
    Added:
    Aug 8, 2024
    Days on Market:
    661
    Last Refresh:
    May 30 at 5:06 am

    Property Features for 313 Southern Way lot 63/Sl32

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    H092-6-63
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    lot 63 shine Landing/ Boat slip -deep 10x38
    Tax Annual Amount
    95

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Susan Adams

    Listing agent Susan Adams License #313714

    Listing office MARINER REALTY, INC P. O. BOX 750 704 BROAD STREET, Oriental, NC

    Listing date Aug 8, 2024

    MLS# 100459991 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

    • Private 10x38 boat slip included.
    • Waterfront community location.
    • Ample space for outdoor living.
    • Natural beauty and serene water views.
    • Convenient access to local amenities.
    • Electricity available.

    Overview

    Located at 313 Southern Way, Lot #63 in Arapahoe, Pamlico County, NC, this 0.75-acre residential land offers an opportunity to create a coastal retreat. Situated in a waterfront community, the property provides a tranquil ambiance and convenient access to local amenities, schools, and shopping. The lot offers ample space for a dream home, with room for outdoor living areas. A 10x38 private boat slip caters to boating enthusiasts, providing immediate access to waterways. The property is surrounded by greenery and water, offering opportunities for outdoor activities and relaxation. This property is intended for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Parts Store Gym & Fitness Center Skin Care Clinic Food Market Grocery & Convenience Store Bar & Pub Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Arapahoe
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.8244
    Latitude
    35.0196

    Nearby Similar for Sale

    • $349,000

      Waterfront Homesite with Dock & Utilities

      Build-ready waterfront homesite with dock, utilities, and expansive river views.
      3756 Janiero Road, Arapahoe, NC 28510
      View Details
    • $750,000

      Waterfront Land with Sweeping Views

      2-acre waterfront parcel with beach, piers, and boathouse.
      3564 Janiero Road, Arapahoe, NC 28510
      View Details
    • $8,500,000

      Waterfront Land on Neuse River

      340+ acre waterfront property with marina potential in Arapahoe, NC.
      Burton Farm Road, Arapahoe, NC 28510
      View Details
    • $149,900

      Arapahoe, NC Land with Water Views

      8.23-acre corner lot with Neuse River water views.
      Creek Place Road, Arapahoe, NC 28510
      View Details
    • $195,000

      Neuse Riverfront Land for Sale

      Cleared 0.26-acre lot with Neuse River views, ready to build.
      3435 Janiero Road, Arapahoe, NC 28510
      View Details
    • $40,000

      Arapahoe Homesite in Caraway Cove

      0.8-acre wooded homesite in waterfront community with boat access.
      629 Marvin Field Road, Arapahoe, NC 28510
      View Details
    • $210,000

      Waterfront Land in Gated Community

      1.07-acre homesite with new dock in Shine Landing.
      177 Carolina Way, Arapahoe, NC 28510
      View Details
    • $29,900

      Golf Course Front Building Lot

      Residential lot with golf course and lake views near amenities.
      461 Country Club Drive W lot: 22, Arapahoe, NC 28510
      View Details
    • $70,000

      Waterfront Homesite in Caraway Cove

      Waterfront land with community boat access in Arapahoe, NC.
      236 Portside Drive lot: 36 & 36A, Arapahoe, NC 28510
      View Details
    • $74,900

      Waterfront Land Near Boat Ramp

      2.16-acre wooded tract near Dawson Creek Wildlife Boat Ramp.
      0 Lot 1 Creek Place Road, Arapahoe, NC 28510
      View Details
    • $74,900

      Water Access Wooded Land

      2.22-acre wooded property near Dawson Creek Wildlife Boat Ramp.
      0 Lot 2 Creek Place Road, Arapahoe, NC 28510
      View Details
    • $119,000

      Waterfront Lot in Arapahoe, NC

      Unrestricted waterfront lot with views of Dawson Creek.
      563 Creek Place Road, Arapahoe, NC 28510
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land in Pamlico County with a private boat slip.
    Where is this waterfront land located?
    The property is located at 313 Southern Way lot 63/Sl32 Arapahoe, NC.
    What is the asking price?
    The asking price for this property is $46,000.
    What are key features of this property?
    This property features: Private 10x38 boat slip included.; Waterfront community location.; Ample space for outdoor living.
    (252) 571-1387
    We can help!
    Listing Contact
    Susan Adams
    Real Estate License ID: 313714
    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

    Thank You for Inquiry
    313 Southern Way lot: 63/Sl32, Arapahoe, NC 28510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!