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    327 Garbacon Dr, Unit 150 Beaufort, NC 28516

    Sponsored
    For Sale
    $104,900

    LAND - Beaufort, NC

    Lot size:
    1.44 Acres
    Days on Market:
    57
    Last Refresh:
    Jan 21 at 2:06 am

    Property Features for 327 Garbacon Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Residential
    APN
    740500559508000
    Lot size
    1.44 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Well
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Stacey Respess Bowen

    United Country Respess Wilder (252) 943-8768

    Listing agent Stacey Respess Bowen (252) 943-8768 License #331523

    Listing date Nov 26, 2025

    MLS# 100537681 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

    Property Insight Report

    Overview

    Waterfront Homesite in Gated Community

    Located in the gated Merrimon Bay community near Beaufort, North Carolina, 327 Garbacon Drive is a 1.4-acre waterfront homesite. The property is situated along Garbacon Creek, providing protected waters suitable for constructing a private pier and boat lift. The location offers views of the creek and access to the Neuse River for fishing, boating, kayaking, and paddleboarding. Merrimon Bay is noted for its setting and natural environment. The property is approximately 25 minutes by car, or 35 minutes by boat, from the waterfront area of Beaufort, with its shops and restaurants. Morehead City, offering fishing charters and waterfront dining, is also nearby, as are the beaches of Atlantic Beach and Emerald Isle. Merrimon Bay provides residents with gated privacy and a community boat ramp and dock for access to the Neuse River and Pamlico Sound. The property, identified as lot 150, is located at 327 Garbacon Drive in Beaufort, NC 28516. The property is zoned residential and is intended for residential use. The lot size is 1.44 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Beaufort
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.64297
    Latitude
    34.978981

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.4-acre waterfront homesite in Merrimon Bay, near Beaufort, NC.
    Where is this residential land & home lot located?
    The property is located at 327 Garbacon Dr, Unit 150 Beaufort, NC.
    What is the asking price?
    The asking price for this property is $104,900.
    What are key features of this property?
    This property features: - 1.4-acre waterfront property on Garbacon Creek with protected waters ideal for a private pier and boat lift.; - Gated Merrimon Bay community offering privacy, a community boat ramp, and dock access.; - Easy access to the Neuse River and Pamlico Sound for fishing, boating, kayaking, and paddleboarding.
    (252) 945-3198
    Request Owner's contact information
    327 Garbacon Dr, Unit 150 Beaufort, NC 28516
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    Beaufort, NC 28516
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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
    327 Garbacon Dr, Unit 150 Beaufort, NC 28516
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    We can help!
    Listing Contact
    Stacey Respess Bowen
    Real Estate License ID: 331523
    (252) 945-3198
    Learn more
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