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

    91 N Dawn St Merritt, NC 28556

    View on Map
    Claim this Listing
    New
    For Sale
    $235,000

    Vacant Land - Merritt, NC

    Lot size:
    0.34 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 15 at 2:06 am

    Property Features for 91 N Dawn St

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    L091-41
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen Atkins II

    Listing agent Stephen Atkins II

    Listing office Waterfront Professionals, Inc. / Experience Realty P.O. Box 1647, Washington, NC

    Listing date Apr 14, 2026

    MLS# 11690990 Listing URL

    Copyright © 2026 My State 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 in Merritt, NC

    This property, located on Buxton Creek in Merritt, NC, offers an opportunity to own waterfront land. The 0.34-acre lot provides views of the canal leading out to Buxton Creek and easy access for boating and fishing. It is situated in the Paradise Shores community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Food Market Travel Agency Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.6094442
    Latitude
    35.0993937

    Nearby Similar for Sale

    • $325,000

      Waterfront Acreage in Pamlico County

      Undeveloped, unrestricted waterfront acreage in Merritt, NC.
      Florence Road, Merritt, NC 28556
      View Details
    • $395,000

      Waterfront Lot on Bay River

      Exceptional waterfront lot to build your coastal dream home.
      964 Murphy Farm Road, Merritt, NC 28556
      View Details
    • $45,000

      Private Homesite in Bay Winds

      Wooded homesite in waterfront community with access to amenities.
      121 Mason Lane, Merritt, NC 28556
      View Details
    • $225,000

      Waterfront Lot with Private Dock

      Waterfront .42-acre lot with dock, boat lift, sailboat slip.
      105 Trawler Lane, Merritt, NC 28556
      View Details
    • $54,900

      Creek Access Nature Retreat Land

      Nearly 3-acre property with creek access and endless possibilities.
      40 Alligator Creek Road, Merritt, NC 28556
      View Details
    • $186,000

      Waterfront Land on Alligator Creek

      Two acres of waterfront land, ready for your dream home.
      251 Alligator Loop Road, Merritt, NC 28556
      View Details
    • $28,500

      Residential Land in Masons Pointe

      0.93-acre wooded lot in waterfront community near Bay River.
      87 Mason Lane lot: 49, Merritt, NC 28556
      View Details
    • $28,500

      Merritt, NC Residential Land

      0.84-acre wooded lot in Masons Pointe Subdivision.
      26 Mason Lane lot: 43, Merritt, NC 28556
      View Details
    • $59,900

      Coastal Land in Merritt, NC

      3.36-acre parcel in a gated waterfront community.
      177 Castaway Road, Merritt, NC 28556
      View Details
    • $299,000

      Waterfront Land Near Oriental, NC

      Two parcels totaling 13.79 acres with 1500+ feet waterfront.
      300 Cabin Creek Lane, Merritt, NC 28556
      View Details
    • $25,000

      Merritt, NC Homesite For Sale

      0.692-acre homesite in Merritt, NC, near waterfront and amenities.
      1 Winchester Way, Merritt, NC 28556
      View Details
    • $84,900

      Merritt Land with Dock

      3.54-acre parcel with dock in Merritt, North Carolina.
      729 Bell Point Lane, Merritt, NC 28556
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with canal access for boating and fishing.
    Where is this waterfront land located?
    The property is located at 91 N Dawn St Merritt, NC.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Waterfront property on Buxton Creek; Easy access for boating and fishing; Located in the Paradise Shores community
    (252) 975-0777
    We can help!
    Listing Contact
    Stephen Atkins II
    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!