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

    4161 Caratoke Highway lot 1&2 Barco, NC 27917

    View on Map
    For Sale
    $945,000

    LAND - Barco, NC

    Lot size:
    92.41 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    212
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 4161 Caratoke Highway lot 1&2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GB/AG
    Standard status
    Active
    APN
    007000000540000
    Lot size
    92.41 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Parcel A,C, Lot 1&2, Anderson Minor Subdivision H/330 - 6 Total Parcels

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front
    1

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Durene High

    Listing agent Durene High License #260179

    Listing office Long & Foster Real Estate Oceanfront/Coastal 6150 N Croatan Hwy, Kitty Hawk, NC

    Listing date Sep 3, 2025

    MLS# 100528773

    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

    Waterfront Land with Canal Frontage

    This is a 92.41-acre property in Currituck County with an amazing sound front view and 1800 feet of canal frontage, providing direct access to the IntraCoastal Waterway. The property consists of six total parcels and presents a great opportunity for development. The front portion of the land is zoned GB, while the back portion is zoned AG. Note that there is a house on the property that is being sold AS IS and has no value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Big Box & Wholesale Store Hotel & Motel Department Store Kitchen & Bath Showroom Grocery & Convenience Store (Bike/Boat/Book/etc) Store Discount Store Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Barco
    County
    Currituck
    State
    North Carolina
    Longitude
    -75.970589
    Latitude
    36.375084

    Nearby Similar for Sale

    • $945,000

      Waterfront Land with Canal Access

      92-acre waterfront and canal front property with development potential.
      4161 Caratoke Highway, Barco, NC 27917
      View Details
    • $945,000

      Waterfront Land with Canal Access

      92-acre waterfront property with canal access in Currituck County.
      4161 Caratoke, Barco, NC 27917
      View Details
    • $495,000

      Barco, NC Commercial Land

      7.48 acres of commercial land in Barco, North Carolina.
      160 Shortcut Road, Barco, NC 27917
      View Details
    • $199,000

      Commercial Land on Caratoke Highway

      1.98 acre commercial lot with high visibility in Barco.
      Caratoke Highway, Barco, NC 27917
      View Details
    • $945,000

      Waterfront Land with Canal Access

      92-acre property with canal frontage and Intracoastal Waterway access.
      4161 Caratoke HWY, Barco, NC 27917
      View Details
    • $199,000

      Commercial Land on Main Highway

      1.98 acres of commercial land with high visibility.
      1.98AC Caratoke HWY, Barco, NC 27917
      View Details
    • $199,000

      Commercial Lot in Barco, NC

      1.98 acre commercial lot with highway visibility in Barco.
      1.98AC Caratoke Highway, Barco, NC 27917
      View Details
    • $199,000

      Commercial Lot on Main Highway

      1.98 acre commercial lot with high visibility in Barco, NC.
      TBD Caratoke Highway, Barco, NC 27917
      View Details
    • $495,000

      Highway-Adjacent Land For Sale

      7+ acres at major highway junction, ideal for business.
      160 Shortcut Rd, Barco, NC, 27917-9501
      View Details
    • $1,278,180

      Currituck Farmland for Sale

      94.68 acre farmland centrally located in Currituck, North Carolina.
      0000 Shortcut Road, Barco, NC 27917
      View Details
    • $1,278,180

      94.68 Acre Farm Land

      94.68 acre farm land centrally located in Currituck, NC.
      Shortcut Road, Barco, NC 27917
      View Details

    FAQs

    What type of property is this?
    Commercial land - 92-acre waterfront property with canal access in Currituck County.
    Where is this commercial land located?
    The property is located at 4161 Caratoke Highway lot 1&2 Barco, NC.
    What is the asking price?
    The asking price for this property is $945,000.
    What are key features of this property?
    This property features: 1800' of Canal frontage with direct access to IntraCoastal Waterway; Amazing Sound Front view; Approx. 92 acres of waterfront and canal front property
    (757) 373-3373
    We can help!
    Listing Contact
    Durene High
    Real Estate License ID: 260179
    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!