Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Norman Waterfront Cove Lot Title is generated by Realmo AI

    Lot 1 Wildlife Lane Unit 1, Sherrills Ford, NC 28673

    View on Map
    Claim this Listing
    For Sale
    $495,000

    Gated waterfront lot on Lake Norman.

    Type:Land / Lot
    Added:
    Oct 2, 2022
    Days on Market:
    1340
    Last Refresh:
    May 13 at 8:59 pm

    Property Features for Lot 1 Wildlife Lane Unit 1

    General Information

    Standard status
    Active
    Property subtype
    Land / Lot

    We can help!

    Listing Contact
    Hanes Walker
    Hanes Walker

    Listing agent Hanes Walker License #211535

    Listing office Premier Sotheby's International Realty

    Listing date Oct 2, 2022

    Source Compass

    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 Premier Sotheby's International Realty

    HighLights

    • Gated access for added security and privacy.
    • Waterfront property offering stunning views and direct access to the water.
    • Cove lot providing a more sheltered and private waterfront experience.
    • Located on Lake Norman, enjoy all the recreational activities the lake has to offer.
    • Paved road access ensuring easy and convenient entry.
    • New offering, don't miss the opportunity to own this exceptional property.

    Overview

    This is a new offering of a gated access waterfront cove lot located on Lake Norman.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Department Store Skin Care Clinic Kitchen & Bath Showroom Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherrills Ford
    County
    Catawba
    State
    North Carolina
    Longitude
    -80.992664
    Latitude
    35.559685

    Nearby Similar for Sale

    • $300,000

      Residential Land in Sherrills Ford

      6+ acres of residential land in a growing area.
      8137 McDonald Drive, Sherrills Ford, NC 28673
      View Details
    • $150,000

      Lake Norman Water View Lot

      Serene 0.56 acre lot with lake views near amenities.
      Jefferson Street, Sherrills Ford, NC 28673
      View Details
    • $417,900

      Lake Norman Waterfront Land

      Unrestricted waterfront lot in Sherrills Ford, near shopping.
      8237 Lymnos Lane, Sherrills Ford, NC 28673
      View Details
    • $375,500

      Sherrills Ford Land Opportunity

      4.15 acres in Sherrills Ford, suitable for residential development.
      McCorkle Lane, Sherrills Ford, NC 28673
      View Details
    • $1,399,000

      Lake Norman Land Opportunity

      13.72 acres with water views in Sherrills Ford, NC.
      Vinewood Road, Sherrills Ford, NC 28673
      View Details
    • $525,000

      Lake Norman Waterfront Lot

      Waterfront lot with lake views, dock, and septic permit.
      7326 Right Angle Street, Sherrills Ford, NC 28673
      View Details
    • $398,000

      Lake Norman Waterfront Lot

      Rare 0.5-acre waterfront lot with pier on Lake Norman.
      6718 Emerald Isle Drive, Sherrills Ford, NC 28673
      View Details
    • $135,000

      Lake Norman Land in Sherrills

      Residential lot in Northview Harbour community with lake access.
      8870 Braxton Drive, Sherrills Ford, NC 28673
      View Details
    • $3,500,000

      8.7 Acres Wooded Land

      Residentially zoned land near stores, restaurants, and supermarkets.
      Slanting Bridge Road, Sherrills Ford, NC 28673
      View Details
    • $398,000

      Lake Norman Waterfront Lot Opportunity

      Buildable waterfront lot on Lake Norman with existing pier.
      6718 Emerald Isle Drive, Sherrills Ford, NC 28673
      View Details
    • $80,000

      Land Near Lake Norman

      Residential land close to Mountain Creek Park and Lake Norman.
      6914 Little Mountain Road, Sherrills Ford, NC 28673
      View Details
    • $175,000

      Sherrills Ford Land For Sale

      6. 5+ acre wooded lot in Sherrills Ford, NC.
      4343 Mount Pleasant Road, Sherrills Ford, NC 28673
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Gated waterfront lot on Lake Norman.
    Where is this waterfront land located?
    The property is located at Lot 1 Wildlife Lane Unit 1 Sherrills Ford, NC.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Gated access for added security and privacy.; Waterfront property offering stunning views and direct access to the water.; Cove lot providing a more sheltered and private waterfront experience.
    (704) 366-2830
    We can help!
    Listing Contact
    Hanes Walker
    Hanes Walker
    Real Estate License ID: 211535
    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

    Thank You for Inquiry
    Lot 1 Wildlife Lane, Unit 1, Sherrills Ford, NC 28673
    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!