Sign Up Successful!
You now have access to more from Realmo!
    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

    3672 Rivergate Way NE, Unit 768 Leland, NC 28451

    Sponsored
    For Sale
    $225,000

    LAND - Leland, NC

    Lot size:
    0.23 Acres
    Days on Market:
    62
    Last Refresh:
    Jan 26 at 8:06 am

    Property Features for 3672 Rivergate Way NE

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Co-R-7500
    APN
    006nb045
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Water Available
    Water front
    1

    We can help!

    Listing Contact
    Marc H Wilson

    The Bluffs Real Estate Company (910) 383-2820

    Listing agent Douglass S Talbot (910) 383-2820 License #167303

    Listing date Nov 26, 2025

    MLS# 100497060

    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

    Lakefront Lot in Planned Community

    This lakefront lot is located within The Bluffs on the Cape Fear, a master-planned community. The community is located near the waterfront of Wilmington, North Carolina. The Bluffs on the Cape Fear is designed to preserve the natural woodlands and riverfront landscape. The community includes a 50-slip marina with a scenic boardwalk, a 2-acre riverfront park with boat and kayak launch, a lakefront clubhouse with a resort-style saltwater pool, a private beach club on Oak Island with full ocean access, walking and biking trails, tennis and pickleball courts, a stocked lake, and community boat and RV storage. The community is also golf cart friendly. A new fitness and wellness center is planned. The lot is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.067793
    Latitude
    34.329868

    Nearby Similar for Sale

    • $160,000
      0.36 Acres

      Leland, NC Land For Sale

      Land for sale in a gated riverfront community.
      3841 Hallmark Rd NE, Leland, NC 28451
      View Details
    • $1,500,000
      5,000 SF

      Mobile Home Park Investment Opportunity

      Income-producing mobile home park with expansion potential in Leland, NC.
      1150 Garretts Way NE, Leland, NC 28451
      View Details
    • $359,990

      Brunswick Forest Townhome with Amenities

      Low-maintenance townhome with community amenities in Brunswick Forest.
      1177 Lillibridge Dr, Leland, NC 28451
      View Details
    • $224,000
      1,235 SF

      Charming Townhome in Windsor Park

      Well-maintained townhome with en suites and community amenities.
      1074 Bridgeport Way, Leland, NC 28451
      View Details
    • $2,450,000
      7,000 SF

      New Construction Professional/Medical Office Space

      Modern office space ideal for medical, dental, or professional services.
      1160 E Cutlar Xing, Leland, NC 28451
      View Details
    • $2,193,250
      5,644 SF

      Leland Office Condominium For Sale

      Office condominium in Leland, NC, near Wilmington/Wrightsville Beach.
      1176 East Cutlar Xing, Leland, NC 28451
      View Details
    • $749,500

      Leland Land Parcel For Sale

      Two parcels totaling 10.5 acres in Brunswick County, NC.
      6815 Zion Church Rd NE, Leland, NC 28451
      View Details
    • $3,187,500
      14,820 SF

      Established Retail Property For Sale

      Located on signalized intersection in the heart of trade area.
      319 Village Rd NE, Leland, NC 28451
      View Details
    • $450,000
      1,680 SF

      Retail Property Near Columbus County

      Retail property suitable for beer and wine sales.
      5197 Andrew Jackson Hwy NE, Leland, NC 28451
      View Details
    • $2,850,000
      2.81 Acres

      Prime Leland Land - 2.81 Acres

      Exceptional development opportunity in Leland, NC.
      15 Old River Rd, Leland, NC 28451
      View Details
    • $350,000
      2.04 Acres

      Leland Commercial Land Opportunity

      2.04 Acres, Prime Leland Location
      Tract A Leland School Rd, Leland, NC 28451
      View Details
    • $1,600,000
      58.38 Acres

      Prime Leland Land - 58 Acres

      Exceptional 58-acre undeveloped lot, ideal for various commercial ventures.
      7190 Stella Dr, Leland, NC 28451
      View Details

    FAQs

    What type of property is this?
    Land - Lakefront lot in Leland, NC with community amenities.
    Where is this land located?
    The property is located at 3672 Rivergate Way NE, Unit 768 Leland, NC.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Lakefront lot within The Bluffs on the Cape Fear.; - Access to a **50-Slip Marina** and **2-Acre Riverfront Park** with Boat & Kayak Launch.; - Private Beach Club on Oak Island with Full Ocean Access.
    (910) 383-2820
    Request Owner's contact information
    3672 Rivergate Way NE, Unit 768 Leland, NC 28451
    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.
    3672 Rivergate Way NE, Unit 768
    Leland, NC 28451
    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
    3672 Rivergate Way NE, Unit 768 Leland, NC 28451
    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

    We can help!
    Listing Contact
    Marc H Wilson
    Real Estate License ID: 129774
    (910) 383-2820
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.