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

    510 Shipmast Court lot 42 Beaufort, NC 28516

    View on Map
    For Sale
    $99,900

    LAND - Beaufort, NC

    Lot size:
    0.35 Acres
    Added:
    Jun 18, 2025
    Days on Market:
    291
    Last Refresh:
    Apr 4 at 6:06 pm

    Property Features for 510 Shipmast Court lot 42

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    639802699814000
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 42 Eastman Creek Landing

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Sharon Barnes
    Sharon Barnes

    Listing agent Sharon Barnes License #101616

    Listing office Eddy Myers Real Estate 131 Middle Lane, Beaufort, NC

    Listing date Jun 18, 2025

    MLS# 100514472 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

    Beaufort, NC Vacant Lot

    This vacant 0.35-acre lot is located in Eastman Creek Landing, offering access to community amenities such as a pool, clubhouse with elevator and ramp, and basketball goal. Piers are available for temporary docking, fishing, and kayaking, providing views of the Intracoastal Waterway from common areas. Note that the boat slips are privately owned. The lot backs up to maritime woods, part of which is a common area owned by the HOA, and may offer marsh views. Eastman Creek is situated minutes from downtown Beaufort, which features shopping, waterfront dining, historic tours, and Crystal Coast water excursion activities. The property is zoned PUD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Department Store Kitchen & Bath Showroom Discount Store Grocery & Convenience Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.6779844
    Latitude
    34.7989469

    Nearby Similar for Sale

    • $524,900

      Beaufort Land Near Waterfront

      Vacant land near Beaufort Waterfront with mixed-use zoning.
      311 Pollock Street, Beaufort, NC 28516
      View Details
    • $499,000

      Waterfront Land in Stanton Landing

      Build your dream home on this Intracoastal Waterway lot.
      112 Waterway Drive lot: 4 & 4A, Beaufort, NC 28516
      View Details
    • $375,000

      Beaufort Homesite Near Waterfront

      Vacant parcel near downtown waterfront, ideal for coastal living.
      707 Mulberry Street, Beaufort, NC 28516
      View Details
    • $499,999

      Beaufort Vacant Land Parcel

      Vacant land parcel in the heart of Beaufort, North Carolina.
      309 Pollock Street, Beaufort, NC 28516
      View Details
    • $200,000

      Beaufort, NC Business Zoned Land

      Three business-zoned lots totaling 0.768 acres near East Carteret High.
      3336 Highway 70 E, Beaufort, NC 28516
      View Details
    • $350,000

      Beaufort Homesite Near Waterfront

      Vacant land parcel near downtown Beaufort's waterfront.
      711 Mulberry Street lot: 9763, Beaufort, NC 28516
      View Details
    • $350,000

      Beaufort Homesite Near Waterfront

      Vacant land parcel near downtown Beaufort's waterfront.
      Pollock Street lot: 9867, Beaufort, NC 28516
      View Details
    • $771,750

      Beaufort, NC Homesite in Beau Coast

      0.40-acre homesite in Beau Coast community, near Turner Creek.
      533 Freedom Park Road, Beaufort, NC 28516
      View Details
    • $686,333

      Beaufort, NC Homesite Opportunity

      0.32-acre homesite in coastal community with amenities.
      530 Freedom Park Road, Beaufort, NC 28516
      View Details
    • $771,750

      Beaufort, NC Homesite Opportunity

      0.49-acre homesite near Beaufort's Front Street.
      529 Freedom Park Road, Beaufort, NC 28516
      View Details
    • $352,800

      Beaufort, NC Homesite For Sale

      0.26-acre homesite in Beau Coast community near Turner Creek.
      479 Freedom Park Road, Beaufort, NC 28516
      View Details
    • $441,000

      Beaufort, NC Homesite Opportunity

      0.29-acre homesite in Beau Coast community, near waterfront.
      502 Freedom Park Road, Beaufort, NC 28516
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot with community amenities near downtown Beaufort.
    Where is this residential land & home lot located?
    The property is located at 510 Shipmast Court lot 42 Beaufort, NC.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Vacant lot ready for development in Eastman Creek Landing.; Access to Intracoastal Waterway views, fishing, and kayaking from community piers.; Enjoy community amenities including a pool, clubhouse with elevator and ramp, and basketball goal.
    (252) 241-2095
    We can help!
    Listing Contact
    Sharon Barnes
    Sharon Barnes
    Real Estate License ID: 101616
    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!