Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dan Riverfront Land Opportunity Title is generated by Realmo AI

    1175 Mabe Drive, Danbury, NC 27016

    View on Map
    Claim this Listing
    For Sale
    $172,500

    225 ft of riverfront property on the Dan River.

    Type:Land or Vacant Lot
    Lot size:
    0.79 Acres
    Added:
    Apr 19, 2025
    Days on Market:
    414
    Last Refresh:
    Apr 5 at 10:19 pm

    Property Features for 1175 Mabe Drive

    General Information

    Standard status
    Active
    Lot size
    0.79 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DEBORAH CROSS

    Listing agent DEBORAH CROSS

    Listing office PRICE REALTORS - NC HWY 8

    Listing date Apr 19, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of PRICE REALTORS - NC HWY 8

    HighLights

    • 225 ft of riverfront property on the Dan River.
    • Close proximity to Hanging Rock State Park.
    • Conveniently located near Pilot Mountain State Park.
    • Potential for personal use or Air BNB.
    • Well on property.
    • Septic system on property.

    Overview

    This property offers 225 feet of riverfront on the Dan River, presenting a unique opportunity for kayakers, canoe enthusiasts, outdoor adventurers, and hikers. The location is convenient to Hanging Rock State Park and Pilot Mountain State Park. There is a building area on the property. A cabin exists on the property, but the previous owner chose not to restore it. The site could be suitable for a personal getaway or a possible Airbnb. A well and septic system are present on the property, but they have not been used in the last 15 years and will need inspection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop Hotel & Motel Bed & Breakfast Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Danbury
    County
    Stokes
    State
    North Carolina
    Longitude
    -80.2777
    Latitude
    36.4343

    Nearby Similar for Sale

    • $575,000

      Recreational Land with Creek Frontage

      128.9 acres with creek frontage near Hanging Rock State Park.
      Otis Woods Road, Danbury, NC 27046
      View Details
    • $507,400

      Land Near Hanging Rock Park

      118+/- acres of land adjoining Hanging Rock State Park.
      1010-1372 Hanging Rock Park Road, Danbury, NC 27016
      View Details
    • $164,900

      Unrestricted Land Near Danbury

      20.8 acres near Dan River and Hanging Rock State Park.
      Seven Island Road, Danbury, NC 27016
      View Details
    • $239,900

      Unrestricted Acreage Near Dan River

      37 acres near Dan River and Hanging Rock State Park.
      1583 Seven Island Road, Danbury, NC 27016
      View Details
    • $124,200

      Land Near Hanging Rock Park

      10.8+/- acre wooded tract near Hanging Rock State Park.
      Tract E Hanging Rock Forest Road, Danbury, NC 27016
      View Details
    • $449,900

      Stokes County Land For Sale

      50+/- acre tract perfect for hunting, retreat, or homestead.
      1324 Hardie Mabe Road, Danbury, NC 27016
      View Details
    • $174,900

      18 Acres with Mountain Views

      Land with mountain views, creek, and Dan River access.
      1392 Mission Road, Danbury, NC 27016
      View Details
    • $1,200,000

      219 Acres Bordering State Park

      Exclusive land tract adjacent to Hanging Rock State Park.
      1344-1540 NC Highway 89 W, Danbury, NC 27016
      View Details
    • $79,900
      7,362 SF

      Commercial Property in Danbury, NC

      Commercial property with over 5 acres, many possibilities.
      2549 NC Highway 8 N, Danbury, NC 27016
      View Details
    • $225,750

      Land with Highway Frontage

      21-acre tract near Danbury with highway frontage and potential views.
      Tract C NC Highway 89 W, Danbury, NC 27016
      View Details
    • $172,500

      Riverfront Land Near State Parks

      0.79-acre riverfront land near Hanging Rock and Pilot Mountain.
      1175 Mabe Drive, Danbury, NC 27016
      View Details
    • $150,500

      Secluded Land Near Hanging Rock

      14+/- acre tract near Hanging Rock State Park.
      Tract D Hanging Rock Forest Road, Danbury, NC 27016
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 225 ft of riverfront property on the Dan River.
    Where is this waterfront land located?
    The property is located at 1175 Mabe Drive Danbury, NC.
    What is the asking price?
    The asking price for this property is $172,500.
    What are key features of this property?
    This property features: 225 ft of riverfront property on the Dan River.; Close proximity to Hanging Rock State Park.; Conveniently located near Pilot Mountain State Park.
    (336) 798-3750
    We can help!
    Listing Contact
    DEBORAH CROSS
    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
    1175 Mabe Drive, Danbury, NC 27016
    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!