Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    175 River Watch Road lot 14 Oriental, NC 28571

    View on Map
    Claim this Listing
    For Sale
    $475,000

    LAND - Oriental, NC

    Lot size:
    4.10 Acres
    Added:
    Apr 5, 2024
    Days on Market:
    757
    Last Refresh:
    May 1 at 12:06 am

    Property Features for 175 River Watch Road lot 14

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AE
    Standard status
    Active
    APN
    L10-5-14
    Lot size
    4.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 14 Preservation Sec 2

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Kari Dawson Forrest

    Listing agent Kari Dawson Forrest License #255176

    Listing office RIVER DUNES REALTY 43 Old Lighthouse Road, Oriental, NC

    Listing date Apr 5, 2024

    MLS# 100437178 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.

    Overview

    Exclusive Riverfront Estate Opportunity

    Located in an exclusive neighborhood, 175 River Watch Road is a private riverfront estate in The Preserve, overlooking Gum Thicket to the Neuse River, towards the Pamlico Sound and Intracoastal Waterway. River Dunes offers amenities, creeks, walkable neighborhoods, and outdoor living. The award-winning, 28-acre inland basin marina on the Intracoastal Waterway provides year-round boating with 126 slips, floating docks, dock attendants, a boat ramp, boat storage, fuel, and deep-water access for sailing, cruising, or trophy salt-water fishing, down the river from Oriental, NC. The protected entrance channel opens into Broad Creek, off the ICW and Neuse River. The Harbor Village features The Harbor Club, a pool and hot tubs, two restaurants, a harborside pavilion, shopping, provisions, fitness, pickleball and tennis courts, a community garden, accommodations, bikes, kayaks, paddleboards, and the Design Center. Outdoor amenities include the Lakehouse, community firepits, oyster tables, stocked fly-fishing ponds, neighborhood docks, paddling trails, and a 238-acre Preserve with trails. The lot size is 4.1 acres. Harbor Club Membership which includes Clubhouse, Pool, Hot Tub & Fitness Center is available for an additional fee. POA has Brightspeed Fiber Internet; reqrd for homes: $60/mo for 500mbps.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Oriental
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.7026
    Latitude
    35.0497

    Nearby Similar for Sale

    • $439,500
      2,000 SF

      Oriental Duplex: Investor Opportunity

      Full duplex in Oriental, NC, with income potential.
      609 Ragan Road, Oriental, NC 28571
      View Details
    • $150,000

      Waterfront Land in River Dunes

      3.3 acre waterfront lot in award-winning River Dunes community.
      495 Ballast Point lot: 84, Oriental, NC 28571
      View Details
    • $47,000

      Oriental Boat Slip For Sale

      Prime boat slip with amenities in downtown Oriental.
      516 Water Street B8, Oriental, NC 28571
      View Details
    • $1,275,000
      12,000 SF

      Established Fitness Facility with Pool

      Turnkey health and fitness facility with pool in Oriental, NC.
      1006 Broad St, Oriental, NC 28571
      View Details

    FAQs

    What type of property is this?
    Specialty property - Private riverfront estate in The Preserve, overlooking the Neuse River.
    Where is this specialty property located?
    The property is located at 175 River Watch Road lot 14 Oriental, NC.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Largest and most private riverfront estate in The Preserve with breathtaking views.; Access to an award‑winning marina on the Intracoastal Waterway with 126 slips and deep‑water access.; Harbor Village amenities including The Harbor Club, pool, restaurants, fitness center, and sports courts.
    (252) 671-9360
    We can help!
    Listing Contact
    Kari Dawson Forrest
    Real Estate License ID: 255176
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!