Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    338 /340 Scotch Hall Boulevard lot 73 Merry Hill, NC 27957

    View on Map
    Claim this Listing
    For Sale
    $100,000

    LAND - Merry Hill, NC

    Lot size:
    0.66 Acres
    Added:
    Oct 4, 2024
    Days on Market:
    580
    Last Refresh:
    May 6 at 11:06 am

    Property Features for 338 /340 Scotch Hall Boulevard lot 73

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    6882-45-7235
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    INNSBROOK PHASE 1- #73
    Tax Annual Amount
    855

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Danny Copenhaver

    Listing agent Danny Copenhaver License #194020

    Listing office Albemarle Sound Property Advisors 148 Warf Landing Drive, Edenton, NC

    Listing date Oct 4, 2024

    MLS# 100469613 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

    Residential Land in Gated Community

    This 0.66-acre residential lot, identified as Lot 73 in Phase 1, is located within a gated community. The property features 212 feet of road frontage and benefits from underground utilities. It offers privacy on three sides and overlooks the 8th fairway and green of the Palmer Signature Golf Course. Residents can enjoy sunrise views from the front and sunset views from the back of the property. The lot is equipped with county water and community sewer, eliminating the need for septic tanks. The community provides a security gate and BrightSpeed fiber optic internet to all lots. Additional amenities include 11 ponds, a resort-style pool overlooking the Albemarle Sound, boat docks and storage, tennis and pickleball courts, a fitness center, and the Salmon Creek activity area with a dock and gazebo. A sandy beach with a firepit is available for paddleboarding and kayaking. The lot is cleared, level, and ready for construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Merry Hill
    County
    Bertie
    State
    North Carolina
    Longitude
    -76.7649
    Latitude
    36.0803

    Nearby Similar for Sale

    • $69,900

      Residential Land in Gated Community

      1.3 acre lot in a planned golf community.
      109 Noble Court lot: 80, Merry Hill, NC 27957
      View Details
    • $349,900

      Soundfront Homesite with Custom Plans

      Elevated soundfront homesite with custom plans in gated community.
      118 Kingsview Court lot: 29, Merry Hill, NC 27957
      View Details
    • $56,500

      Cleared Land in Black Rock

      Over one acre lot ready to build on.
      307 Gov Eden House Road, Merry Hill, NC 27957
      View Details
    • $69,549

      Residential Land with Water Views

      Flat homesite with pond views in developing community.
      202 Majestic Circle lot: 62, Merry Hill, NC 27957
      View Details
    • $359,900

      Waterfront Golf Homesite Opportunity

      Unique waterfront homesite on golf course in gated community.
      179 Herring Lane lot: 149R, Merry Hill, NC 27957
      View Details
    • $55,000

      Waterfront Land in Merry Hill

      Waterfront homesite with water views and neighborhood boat ramp.
      419 BATCHELOR BAY Drive, Merry Hill, NC 27957
      View Details
    • $110,000

      Land in Gated Golf Community

      Residential lot in a gated golf community with amenities.
      134 E Royal Way, Merry Hill, NC 27957
      View Details
    • $110,000

      Land in Gated Golf Community

      Residential lot in a gated golf course community.
      132 E Royal Way, Merry Hill, NC 27957
      View Details
    • $75,000

      Land in Gated Golf Community

      Residential land in a gated golf community with amenities.
      171 Herring Lane, Merry Hill, NC 27957
      View Details
    • $115,000

      Land in Gated Golf Community

      Residential lot in a gated golf community with amenities.
      136 E Royal Way, Merry Hill, NC 27957
      View Details
    • $50,000

      Land in Gated Golf Community

      Land in Merry Hill, NC, with golf and water access.
      175 Herring Lane, Merry Hill, NC 27957
      View Details
    • $110,000

      Land Near Golf Course

      Residential lot in gated golf community near Albemarle Sound.
      130 E Royal Way, Merry Hill, NC 27957
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.66 acre residential lot with golf course views.
    Where is this residential land & home lot located?
    The property is located at 338 /340 Scotch Hall Boulevard lot 73 Merry Hill, NC.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Large .66 acre lot in a gated community.; Views of the 8th fairway and green of a Palmer Signature Golf Course.; Resort‑style pool overlooking the Albemarle Sound.
    (910) 508-0335
    We can help!
    Listing Contact
    Danny Copenhaver
    Real Estate License ID: 194020
    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

    Thank You for Inquiry
    338 /340 Scotch Hall Boulevard lot: 73, Merry Hill, NC 27957
    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!