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    Waterfront Homesite in New Bern Title is generated by Realmo AI

    Sandy Curve Road lot 2, New Bern, NC 28560

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    Claim this Listing
    For Sale
    Under Contract
    $105,000

    LAND - New Bern, NC

    Lot size:
    9.99 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    76
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for Sandy Curve Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    residential
    Standard status
    Active Under Contract
    APN
    C07-2
    Lot size
    9.99 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Lot 2 Creek Pointe Sec 1

    Utilities

    Utilities
    Electricity Available
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Allana Ross | New Bern 4 Sale

    Listing agent Allana Ross | New Bern 4 Sale License #271627

    Listing office NorthGroup 3308 Trent Road, New Bern, NC

    Listing date Mar 19, 2026

    MLS# 100561447 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

    • 10‑acre waterfront homesite on Upper Broad Creek
    • Brackish water ideal for fishing and boating
    • Enjoy seasonal sightings of dolphins and bald eagles
    • No county taxes
    • Underground utility lines with electricity available
    • Existing three‑bedroom septic permit (renewal encouraged)

    Overview

    Located in a private waterfront neighborhood on Upper Broad Creek, this 9.99-acre homesite is situated within a pine forest. The property offers views of the water, which is suitable for fishing and boating. According to the listing, residents often see dolphins and bald eagles. Docks, bulkheads, lifts, and boat ramps are subject to approval and permits from CAMA, and many neighboring properties have some or all of these improvements. Utility lines are underground, with power available from Tideland Electric. Homesites in this neighborhood are serviced by septic systems and wells. The property was issued a three-bedroom, six-person occupancy, conventional septic system permit, which expired in 2025. Buyers are encouraged to renew the permit during their due diligence period. Permits are valid for five years and may be renewed prior to expiration. Creek Pointe property owners have an easement for Creek Pointe Road. The Creek Pointe HOA partners with Weyerhauseur, the road's owner, to maintain the road. There are no county taxes. There is an easement for the septic system and driveway for 64 Sandy Curve Rd.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -76.934431
    Latitude
    35.05685

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    FAQs

    What type of property is this?
    Waterfront Land - Private waterfront property perfect for fishing and boating.
    Where is this waterfront land located?
    The property is located at Sandy Curve Road lot 2 New Bern, NC.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: 10‑acre waterfront homesite on Upper Broad Creek; Brackish water ideal for fishing and boating; Enjoy seasonal sightings of dolphins and bald eagles
    (252) 217-9562
    We can help!
    Listing Contact
    Allana Ross | New Bern 4 Sale
    Real Estate License ID: 271627
    Learn More
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    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.

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