Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot in Martins Point Title is generated by Realmo AI

    3005 Martins Point Road lot 2, Kitty Hawk, NC 27949

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Kitty Hawk, NC

    Lot size:
    0.45 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    93
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 3005 Martins Point Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MP-1
    Standard status
    Active
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1105

    We can help!

    Listing Contact
    Emily Walski

    Listing agent Emily Walski License #288746

    Listing office Keller Williams - Outer Banks 5595 N Croatan Hwy, Southern Shores, NC

    Listing date Feb 18, 2026

    MLS# 131859 Listing URL

    Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious .45‑acre vacant lot offers ample space for a custom home.
    • Located in the desirable Martins Point gated community.
    • Provides a private and serene setting.
    • Offers the opportunity to design a dream home.
    • Perfect for embracing coastal living.
    • Located in the Outer Banks.

    Overview

    This .45-acre vacant lot is located in Martins Point, a gated Outer Banks community. The property offers a private, serene location with the potential for designing a custom home. This lot is suitable for embracing coastal living and taking advantage of the amenities offered within Martins Point. The property is located in Kitty Hawk, North Carolina, with a zoning designation of MP-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kitty Hawk
    County
    Dare
    State
    North Carolina
    Longitude
    -75.7289
    Latitude
    36.1034

    Nearby Similar for Sale

    • $959,900

      Kitty Hawk Commercial Property Opportunity

      Highly visible commercial property in Kitty Hawk with income potential.
      3719 N Croatan Highway, Kitty Hawk, NC 27949-9209
      View Details
    • $1,499,000
      500 SF

      Kitty Hawk Waterfront Sanctuary Land

      14.47 acres of waterfront land in Kitty Hawk Village.
      1327 W Kitty Hawk Road, Kitty Hawk, NC 27949
      View Details
    • $925,000

      Sound-Front Lot in Kitty Hawk

      Exceptional wooded lot with water views and community amenities.
      2060 Martins Point Road lot: 31, Kitty Hawk, NC 27949
      View Details
    • $6,793,000
      4,640 SF

      NNN Leased Investment Opportunity

      NNN leased 7-Eleven with 10 years remaining on lease.
      6100 N Croatan Hwy, Kitty Hawk, NC
      View Details
    • $250,000

      Kitty Hawk Homesite Opportunity

      Residential lot in Kitty Hawk Village, near beach and sound.
      4330 Carrenda Lane lot: B, Kitty Hawk, NC 27949
      View Details
    • $300,000

      Kitty Hawk Land with Views

      Residential land with potential ocean and golf course views.
      4620 Johnston Lane lot: 305, Kitty Hawk, NC 27949-9999
      View Details
    • $3,975,000

      High-Visibility Mixed-Use Commercial Property

      Income-producing mixed-use property with office suites and residential units.
      6475 Croatan Highway 10, Kitty Hawk, NC 27949
      View Details
    • $3,000,000

      Commercial Land Near US 158

      Five-acre commercial property with high traffic flow and development potential.
      N The Woods Road, Kitty Hawk, NC 27949
      View Details
    • $50,000

      Land Parcel in Kitty Hawk

      Land parcel in Kitty Hawk, NC, near the beach.
      3904 Poor Ridge Road, Kitty Hawk, NC 27949
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious .45-acre lot in gated Outer Banks community.
    Where is this residential land & home lot located?
    The property is located at 3005 Martins Point Road lot 2 Kitty Hawk, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Spacious .45‑acre vacant lot offers ample space for a custom home.; Located in the desirable Martins Point gated community.; Provides a private and serene setting.
    (252) 489-6175
    We can help!
    Listing Contact
    Emily Walski
    Real Estate License ID: 288746
    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
    3005 Martins Point Road lot: 2, Kitty Hawk, NC 27949
    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!