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

    405 Palustris Court Holly Ridge, NC 28445

    View on Map
    Claim this Listing
    New
    For Sale
    $119,900

    LAND - Holly Ridge, NC

    Lot size:
    0.64 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 20 at 4:06 pm

    Property Features for 405 Palustris Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active
    APN
    761d-31
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    L33 TOPSAIL BLUFF
    Tax Annual Amount
    393

    We can help!

    Listing Contact
    Joseph Powers

    Listing agent Joseph Powers License #202896

    Listing office Joe Powers Realty PO Box 12397, Jacksonville, NC

    Listing date Apr 19, 2026

    MLS# 100568180 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 Lot in Loggerhead Bay

    This 0.64-acre building lot is available in the Loggerhead Bay community at Topsail Bluff. Located on a quiet cul-de-sac, the property is partially cleared and level. It includes an approved 3-bedroom septic permit. Loggerhead Bay is a waterfront neighborhood situated along Turkey Creek. Community amenities include a private boat ramp and a day dock providing access to the Intracoastal Waterway and the ocean. The property is located minutes from Topsail Island's beaches, Holly Ridge, Surf City, Sneads Ferry, and the back gate of Camp Lejeune.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Holly Ridge
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.514
    Latitude
    34.4895

    Nearby Similar for Sale

    • $559,000

      Dockable Homesite Near ICW

      Dockable 0.58 acre homesite with ICW access.
      246 Bethea Street lot: 16, Holly Ridge, NC 28445
      View Details
    • $78,500

      Residential Homesite in Gated Community

      Homesite near clubhouse, pool, and fitness center in Holly Ridge.
      326 Spicer Lake Drive, Holly Ridge, NC 28445
      View Details
    • $98,777

      Large Homesite in Summerhouse

      Spacious lot near amenities in coastal community.
      415 Wisteria Lane, Holly Ridge, NC 28445
      View Details
    • $175,000

      Commercial Land in Holly Ridge

      Commercial land available in growing Holly Ridge, North Carolina.
      604 Us Highway 17 S lot: 6, Holly Ridge, NC 28445
      View Details
    • $78,500

      Land in Waterfront Community

      Homesite in Summerhouse on Everett Bay with resort-style amenities.
      324 Spicer Lake Drive, Holly Ridge, NC 28445
      View Details
    • $414,000
      2,400 SF

      Turnkey Duplex in Coastal Market

      Fully occupied duplex generating $2,500 monthly income in Holly Ridge.
      215/217 Lloyd Street, Holly Ridge, NC 28445
      View Details
    • $550,000

      Canal-Front Lot with Dock

      Half-acre canal-front lot with dock, gazebo, and waterway views.
      200 Bethea Street lot: 24, Holly Ridge, NC 28445
      View Details
    • $178,500

      Waterfront Homesite in Gated Community

      Half-acre homesite with water views and community amenities.
      139 Bethea Street lot: 32, Holly Ridge, NC 28445
      View Details
    • $130,000

      Waterfront Homesite in Coastal Community

      Picturesque waterfront lot ready to build your dream coastal home.
      250 Spicer Lake Drive lot: 309, Holly Ridge, NC 28445
      View Details
    • $669,900

      Waterfront Land in Holly Ridge

      Intracoastal Waterway lot with planned amenities and water access.
      155 Bethea Street lot: 26, Holly Ridge, NC 28445
      View Details
    • $90,000

      Homesite in Coastal Community

      0.68-acre homesite in Summerhouse on Everett Bay.
      838 Lake Willow Way lot: 125, Holly Ridge, NC 28445
      View Details
    • $657,900

      Waterfront Homesite in Holly Ridge

      Intracoastal Waterway homesite with community amenities and water access.
      209 Bethea Street lot: 11, Holly Ridge, NC 28445
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot in waterfront community near Topsail Island beaches.
    Where is this residential land & home lot located?
    The property is located at 405 Palustris Court Holly Ridge, NC.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Approved 3‑bedroom septic permit on file, saving time and expense.; Private community boat ramp and day dock with Intracoastal Waterway access.; Partially cleared and level lot, simplifying construction.
    (910) 934-0339
    We can help!
    Listing Contact
    Joseph Powers
    Real Estate License ID: 202896
    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!