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    Gated Waterfront Home Site Title is generated by Realmo AI

    145 Beacon Ridge Drive, Stony Point, NC 28678

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    For Sale
    $160,000

    Gently sloping lake lot in Riverwalk with 300+ feet of shoreline and community boating and beach amenities.

    Type:Land / Unimproved Land
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 5:18 am

    Property Features for 145 Beacon Ridge Drive

    General Information

    Standard status
    Active
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Brandy McMillian

    Listing agent Brandy McMillian License #324958

    Listing office Reel Realty

    Listing date May 27, 2026

    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 Reel Realty

    HighLights

    • Gently sloping waterfront lot in gated Riverwalk on Lookout Shoals Lake
    • 300+ feet of shoreline with main channel views plus protected cove access
    • Community amenities include a sandy beach, private boat ramp, day slips, pavilion, and community events
    • Riverwalk also offers fenced boat/RV storage
    • Dock permitting available through Duke Energy; recent survey and septic permit available
    • Convenient to I‑40 & I‑77 and about 15 minutes to Statesville, 20 minutes to Hickory, and 1 hour to Charlotte

    Overview

    This for-sale waterfront land parcel sits within the gated Riverwalk community on Lookout Shoals Lake. The lot is gently sloping and offers 300+ feet of shoreline, with views of the main channel and access to a protected cove. The terrain is described as well-suited for a walkout basement design, and buyers can bring their own builder. A recent survey and septic permit are available to support planning for a future lake home.

    Riverwalk is described as a private, established lake community with low HOA dues and shared amenities including a sandy beach, private boat ramp, day slips, pavilion, community events, and fenced boat/RV storage. Dock permitting is noted as available through Duke Energy. The property is also described as conveniently located near I-40 & I-77, with drive times provided to Statesville, Hickory, Charlotte, and Boone.

    For prospective owners looking to build on a lakefront site, the combination of shoreline length, main channel and cove access, and walkout-capable topography can support a customized home design. The availability of a recent survey and septic permit may help streamline early site planning within the Riverwalk community framework.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Kitchen & Bath Showroom Accounting Firm Electrical Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Stony Point
    County
    Alexander
    State
    North Carolina
    Longitude
    -81.1034759
    Latitude
    35.7745655

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    FAQs

    What type of property is this?
    Waterfront Land - Gently sloping lake lot in Riverwalk with 300+ feet of shoreline and community boating and beach amenities.
    Where is this waterfront land located?
    The property is located at 145 Beacon Ridge Drive Stony Point, NC.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Gently sloping waterfront lot in gated Riverwalk on Lookout Shoals Lake; 300+ feet of shoreline with main channel views plus protected cove access; Community amenities include a sandy beach, private boat ramp, day slips, pavilion, and community events
    (336) 409-1133
    We can help!
    Listing Contact
    Brandy McMillian
    Real Estate License ID: 324958
    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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