Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Albemarle Sound Title is generated by Realmo AI

    705 Coral Lane, Edenton, NC 27932

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Edenton, NC

    Lot size:
    0.38 Acres
    Added:
    Feb 21, 2026
    Days on Market:
    104
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 705 Coral Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R15
    Standard status
    Active
    APN
    781315524617
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    781315524617
    Tax Annual Amount
    20

    We can help!

    Listing Contact
    Ashley Overman

    Listing agent Ashley Overman License #363923

    Listing office Welcome Home Realty NC 110 W Water Street, Edenton, NC

    Listing date Feb 21, 2026

    MLS# 100556267 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

    • Two adjoining lots in the waterfront‑access community of Cape Colony.
    • Access to Albemarle Sound for boating, fishing, and kayaking.
    • Enjoy community amenities including a private boat ramp and sandy sound front beach.
    • Opportunity to build a primary residence, second home, or investment property.
    • Located minutes from historic downtown Edenton's shops and restaurants.
    • Playground and picnic area available within the community.

    Overview

    Two adjoining lots are available in the waterfront community of Cape Colony in Edenton, North Carolina. The combined lot size is 0.38 acres. Located just blocks from the Albemarle Sound, these properties offer the opportunity to build a primary residence, second home, or investment property in a waterfront-access community. Cape Colony amenities include a private boat ramp, sandy sound front beach, playground, and picnic area. Residents can enjoy boating, fishing, kayaking, or relaxing by the water, all just minutes from historic downtown Edenton's shops and restaurants. The zoning is R15.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edenton
    County
    Chowan
    State
    North Carolina
    Longitude
    -76.580238
    Latitude
    36.013295

    Nearby Similar for Sale

    • $379,900
      3,713 SF

      Versatile Triplex in Historic Edenton

      Triplex with income potential near downtown Edenton.
      113 Mexico Road, Edenton, NC 27932
      View Details
    • $545,000
      2,700 SF

      Renovated Triplex in Historic Edenton

      Turnkey triplex in Edenton's historic district with income potential.
      207 S Oakum Street, Edenton, NC 27932
      View Details
    • $299,900

      Edenton Waterfront Land For Sale

      Waterfront land in historic Edenton's commercial district.
      111 W Water Street, Edenton, NC 27932
      View Details
    • $1,350,000

      Prime Highway Frontage Land Parcel

      45-acre tract with development potential in Edenton's growth area.
      127 Mexico Road, Edenton, NC 27932
      View Details
    • $757,625

      27.55 Acres in Edenton, NC

      27.55 acres with barns, agricultural storage, and residence.
      134 Mexico Road, Edenton, NC 27932
      View Details
    • $224,000

      Commercial Land Near Highway 17

      2.85-acre commercial property with highway frontage and development potential.
      Hwy 17, Edenton, NC 27932
      View Details
    • $100,000

      Cleared Land in Edenton Community

      Two lots ready to build in Edenton Lake & Harbor.
      208 Schooner Landing Drive lot: 49, Edenton, NC 27932
      View Details
    • $379,900

      200+ Acres Near Edenton

      Expansive land tract offering privacy, natural beauty, and outdoor escape.
      1612 Rocky Hock Landing Road, Edenton, NC 27932
      View Details
    • $315,000

      Waterfront Residential Homesite with Bulkhead

      Ready-to-build peninsula waterfront lot with a brand-new aluminum bulkhead and wide Albemarle Sound views.
      110 Osprey Drive lot: 1, Edenton, NC 27932
      View Details
    • $140,000

      Edenton Commercial Lots For Sale

      Commercial lots near Hwy 17, Vidant Hospital, and shopping.
      316 & 320 Medical Arts Drive lot: 7 & 8, Edenton, NC 27932
      View Details
    • $87,500

      Waterfront Residential Land Parcel

      Build a private homestead on a pond-front parcel just outside city limits.
      1220 Virginia Road lot: 1, Edenton, NC 27932
      View Details
    • $210,000

      Waterfront Lot in Edenton, NC

      1.1 acre waterfront lot with open water views.
      208 Osprey Drive lot: 21, Edenton, NC 27932
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining lots near the Albemarle Sound in Edenton, NC.
    Where is this residential land & home lot located?
    The property is located at 705 Coral Lane Edenton, 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: Two adjoining lots in the waterfront‑access community of Cape Colony.; Access to Albemarle Sound for boating, fishing, and kayaking.; Enjoy community amenities including a private boat ramp and sandy sound front beach.
    (252) 333-7875
    We can help!
    Listing Contact
    Ashley Overman
    Real Estate License ID: 363923
    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
    705 Coral Lane, Edenton, NC 27932
    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!