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    Waterfront Land in White Oak Title is generated by Realmo AI

    240 White Oak Bluff Road, Stella, NC 28582

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    Claim this Listing
    For Sale
    $299,000

    Build your dream waterfront home with deep water access.

    Type:Lots/Land
    Lot size:
    2.00 Acres
    Added:
    May 22, 2025
    Days on Market:
    375
    Last Refresh:
    May 29 at 11:17 am

    Property Features for 240 White Oak Bluff Road

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Bradberry Garner Real Estate
    Bradberry Garner Real Estate

    Listing agent Bradberry Garner Real Estate License #C36137

    Listing office Keller Williams Crystal Coast

    Listing date May 22, 2025

    Source Exitrealty

    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 Keller Williams Crystal Coast

    HighLights

    • Direct deep water access to the White Oak River, perfect for your private dock.
    • Completed soil compaction test for the building pad and a constructed seawall already in place.
    • Enjoy the desirable White Oak Bluff subdivision featuring a riverfront park, sandy beach, community boat launch, day dock, and pier.
    • Just under 2‑acre waterfront lot thoughtfully cleared to maximize unobstructed water views.
    • 4‑bedroom septic permit on record and community water available.
    • Ideally located near area beaches, shopping, and dining.

    Overview

    This waterfront land listing is located in the White Oak Bluff subdivision. The property is just under 2 acres and has been thoughtfully cleared to maximize unobstructed water views. A soil compaction test for the building pad has been completed, and a seawall has been constructed, with inspections available on file. A 4-bedroom septic permit is on record. Community water is available through West Carteret Water Corporation. The lot is suitable for a private dock, offering direct deep water access to the White Oak River. White Oak Bluff is a neighborhood with amenities, including a riverfront park with a sandy beach, community boat launch, day dock, and pier. The location offers proximity to area beaches, shopping, and dining.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Storage Facility Electrical Service Travel Agency Cosmetic Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Stella
    County
    Carteret
    State
    North Carolina
    Longitude
    -77.1105172
    Latitude
    34.7611891

    Nearby Similar for Sale

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      Stella, NC Homesite Opportunity

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    • $275,000

      Waterfront Land in Stella, NC

      6.94 acres of wooded waterfront land with 350ft frontage.
      238 Mill Creek Road, Stella, NC 28582
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    • $239,000

      Waterfront Land Ready for Construction

      Cleared waterfront homesite with seawall, ready for immediate construction.
      240 White Oak Bluff Road, Stella, NC 28582
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build your dream waterfront home with deep water access.
    Where is this waterfront land located?
    The property is located at 240 White Oak Bluff Road Stella, NC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Direct deep water access to the White Oak River, perfect for your private dock.; Completed soil compaction test for the building pad and a constructed seawall already in place.; Enjoy the desirable White Oak Bluff subdivision featuring a riverfront park, sandy beach, community boat launch, day dock, and pier.
    (252) 515-0552
    We can help!
    Listing Contact
    Bradberry Garner Real Estate
    Bradberry Garner Real Estate
    Real Estate License ID: C36137
    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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