Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Badin Lake Area Land Title is generated by Realmo AI

    137 Heron Bay Drive, Badin Lake, NC 28127

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - Badin Lake, NC

    Lot size:
    0.63 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    29
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 137 Heron Bay Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6662-08-99-5656
    Lot size
    0.63 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1B; PHASE 2 HERON BAY

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Eric Rice

    Listing agent Eric Rice License #268647

    Listing office Becki Rice Realty 346 Shoreline Drive Badin Lake, New London, NC

    Listing date Apr 23, 2026

    MLS# 4368731 Listing URL

    Copyright © 2026 Canopy 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

    • Located in the prestigious, gated Heron Bay community on Badin Lake.
    • Community amenities include a clubhouse, boat ramp, walking trails, and secure boat storage.
    • Easy walking distance to community boat slips at Marina/Dock A.
    • Opportunity to join the adjacent Old North State Club with golf course, marina, pool, and more.
    • Level lot with previous 3‑bedroom septic permit on file.
    • Close proximity to Badin Lake amenities and the Uwharrie National Forest.

    Overview

    This 0.63-acre lot is situated in the gated community of Heron Bay in the Badin Lake area. The level lot previously had a 3-bedroom septic permit on file. Community boat slips are easily accessible at Marina/Dock A, located at the end of Heron Bay Drive via a walkway across Pearl Bay Drive. Heron Bay provides residents with a clubhouse, boat ramp, walking trails, and secure boat storage, as well as underground utilities. Owners have the option to join the adjacent Old North State Country Club, which features a golf course, marina, clubhouse, restaurant, pool, and tennis courts, subject to membership requirements. Badin Lake offers marinas with dining options, gas, and watercraft rentals. The Uwharrie National Forest, located nearby, provides opportunities for camping, hiking, horseback riding, and ATV/OHV trails. The property is located within one hour of Charlotte, Greensboro, Winston-Salem, and Pinehurst.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Badin Lake
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.109491
    Latitude
    35.475269

    Nearby Similar for Sale

    • $319,000

      Waterfront Land on Badin Lake

      Vacant waterfront lot in Aberdeen Court, Badin Lake, NC.
      286 Aberdeen Court E, Badin Lake, NC 28127
      View Details
    • $65,000

      Badin Lake Land with Boat

      0.62 acre lot with deeded boat slip near Badin Lake.
      147 Heron Bay Drive, Badin Lake, NC 28127
      View Details
    • $39,000

      Badin Lake View Lot

      1.05 acre lot with lake views in gated community.
      Whisper Lake Drive, Badin Lake, NC 28127
      View Details
    • $175,000

      Waterfront Lot on Badin Lake

      Vacant waterfront lot with long-range views in Dixie Shores.
      Shoreline Road, Badin Lake, NC 28127
      View Details
    • $115,000

      Badin Lake Water View Lot

      Premium 1.5 acre lot with lake views in gated community.
      176 Mallard Drive, Badin Lake, NC 28127
      View Details
    • $19,500

      Golf Course Lot with Lake Views

      0.33 acre golf course lot with Badin Lake views.
      125 Swift Island Place, Badin Lake, NC 28127
      View Details
    • $44,500

      Badin Lake Water View Land

      Water view property in Badin Lake Estates community.
      Lakeshore Drive, Badin Lake, NC 28127
      View Details
    • $164,000

      Waterfront Lot in Gated Community

      1.17 acre waterfront lot in Heron Bay, Badin Lake.
      113 Water View Court, Badin Lake, NC 28127
      View Details
    • $69,000

      Badin Lake Water View Lot

      Premium 1.2 acre lot with year-round lake views.
      178 Kingfisher Court, Badin Lake, NC 28127
      View Details
    • $64,000

      Waterfront Lot in Gated Community

      0.8 acre waterfront lot in Heron Bay, Badin Lake.
      333 Pearl Bay Drive, Badin Lake, NC 28127
      View Details
    • $169,000

      Land Near Badin Lake, NC

      16.873 acres near Badin Lake and Uwharrie National Forest.
      Blaine Road, Badin Lake, NC 27371
      View Details
    • $99,000

      Waterfront Lot in Gated Community

      One-acre Badin Lake waterfront lot with deeded boat slip.
      133 Badin View Drive, Badin Lake, NC 28127
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Located in Heron Bay gated community near Badin Lake.
    Where is this residential land & home lot located?
    The property is located at 137 Heron Bay Drive Badin Lake, NC.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Located in the prestigious, gated Heron Bay community on Badin Lake.; Community amenities include a clubhouse, boat ramp, walking trails, and secure boat storage.; **Easy walking distance to community boat slips at Marina/Dock A.**
    (336) 461-4663
    We can help!
    Listing Contact
    Eric Rice
    Real Estate License ID: 268647
    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
    137 Heron Bay Drive, Badin Lake, NC 28127
    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!