Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Belhaven Land Investment Opportunity Title is generated by Realmo AI

    414 Railroad Street, Belhaven, NC 27810

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Belhaven, NC

    Lot size:
    0.68 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 414 Railroad Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    29026
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1 lot 414 Railroad St

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Gerri McKinley

    Listing agent Gerri McKinley License #184468

    Listing office Coldwell Banker Sea Coast Advantage - Washington 239 W Main Street, Washington, NC

    Listing date Apr 16, 2026

    MLS# 100567431 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

    • Great investment opportunity.
    • Includes 3 parcels.
    • Close to downtown Belhaven.
    • Close to the waterfront.
    • Water available.
    • Public water source.

    Overview

    This is a great investment opportunity consisting of three parcels of land located in the town of Belhaven, North Carolina. The parcels are situated close to downtown and the waterfront. Included in the offering are parcel 7606-81-5919, located at 412 Railroad St., and parcel 7606-82-8366, also on Railroad St. The total lot size is 0.68 acres. The zoning is R.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Belhaven
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.617764
    Latitude
    35.545727

    Nearby Similar for Sale

    • $2,750,000
      10,000 SF

      Turn-key Restaurant in Historic Downtown

      Fully remodeled restaurant with multiple dining areas in Belhaven, NC.
      238 Pamlico St, Belhaven, NC 27810
      View Details
    • Sponsored
      $890,000
      2,300 SF

      Gas Station, Deli, and Market

      Established gas station, deli, and market on 1.5 acres.
      39365 Us Highway 264, Belhaven, NC 27810
      View Details
    • $155,000

      Waterfront Land in Stillwater Subdivision

      Five wooded acres with waterfront on Pungo Creek.
      Stillwater Drive lot: 9 & 10, Belhaven, NC 27810
      View Details
    • $245,000

      Waterfront Land on Pamlico River

      Rare 0.78-acre waterfront homesite in Belhaven, North Carolina.
      403 Chambers Point Road, Belhaven, NC 27810
      View Details
    • $195,000

      Waterfront Lots in Gated Community

      Two buildable waterfront lots in Belhaven, NC.
      54 & 55 Shipwreck Drive lot: 54 & 55, Belhaven, NC 27810
      View Details
    • $65,000

      Belhaven Corner Lot Opportunity

      Versatile corner lot near downtown Belhaven with existing utilities.
      Pantego Street lot: 1, Belhaven, NC 27810
      View Details
    • $15,000

      Belhaven, NC Residential Land

      Affordable land parcel suitable for mobile or modular home.
      372 W Pantego Street, Belhaven, NC 27810
      View Details
    • $125,000

      Waterfront Land Near Intracoastal Waterway

      4.23 acre waterfront property with ICW access.
      8 Pitch Kettle Court lot: 8, Belhaven, NC 27810
      View Details
    • $110,000

      LAND - Belhaven, NC

      Bailey Pointe Drive, Belhaven, NC 27810
      View Details
    • $109,900

      Waterfront Lot in Gated Community

      2.38 acre waterfront lot with pier in Belhaven, NC.
      2421 Bailey Point Drive, Belhaven, NC 27810
      View Details
    • $299,000

      Wooded Acreage Near Belhaven, NC

      31.22-acre wooded tract ideal for recreation or homesite.
      2162 Old Pamlico Beach Road W, Belhaven, NC 27810
      View Details
    • $85,000

      Waterfront Lot in Belhaven, NC

      Waterfront lot with cleared land and scenic marsh view.
      348 Battalina Lane lot: 26, Belhaven, NC 27810
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three parcels of land near downtown and waterfront in Belhaven.
    Where is this commercial land located?
    The property is located at 414 Railroad Street Belhaven, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Great investment opportunity.; Includes 3 parcels.; Close to downtown Belhaven.
    (252) 945-1582
    We can help!
    Listing Contact
    Gerri McKinley
    Real Estate License ID: 184468
    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
    414 Railroad Street, Belhaven, NC 27810
    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!