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

    355-365 Caratoke Highway Moyock, NC 27958

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,255,000

    3.58-acre commercial land with high traffic volume.

    Type:Commercial/Industrial
    Lot size:
    3.58 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 11:07 pm

    Property Features for 355-365 Caratoke Highway

    General Information

    Standard status
    Active
    Lot size
    3.58 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Billy Barnes

    Listing agent Billy Barnes License #164022

    Listing office Maple Realty

    Listing date Mar 12, 2026

    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 Maple Realty

    Overview

    Prime Land on Caratoke Highway

    This property comprises a 3.58-acre tract consisting of three individual tracts. Specifically, Tract 3 is available for sale only in conjunction with Tracts 4 and 5. However, Tracts 4 and 5 can be purchased independently, with the seller not planning any improvements to these lots. The property is situated at a T intersection on Caratoke Highway. The location benefits from a high traffic count, exceeding 22,000 vehicles per day. Traffic data from August 10, 2024, recorded 41,000 vehicles, while August 11, 2024, saw over 33,000 vehicles.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Moyock
    County
    Currituck
    State
    North Carolina
    Longitude
    -76.1836
    Latitude
    36.5332

    Nearby Similar for Sale

    • $1,100,000

      2.5 Acres Zoned General Business

      2.5-acre parcel zoned General Business off Caratoke Highway.
      196 Sawyertown Road, Moyock, NC 27958
      View Details
    • $799,900

      Moyock Land with Development Potential

      19 acres in Moyock, NC, suitable for commercial development.
      913 Caratoke Lot 2 Highway, Moyock, NC 27958
      View Details
    • $427,050

      Moyock, NC Vacant Land

      Vacant lot with high visibility on Caratoke Highway.
      359 Caratoke Highway lot: 4, Moyock, NC 27958
      View Details
    • $438,000

      Moyock, NC Commercial Land

      Commercial land available on a busy highway in Moyock, NC.
      365 Caratoke Highway lot: 5, Moyock, NC 27958
      View Details
    • $1,200,000

      Moyock, NC General Business Land

      High visibility corner lot zoned for general business.
      335-349 Caratoke Highway lot: 1 & 2, Moyock, NC 27958
      View Details
    • $74,900

      Moyock, NC 3.31-Acre Parcel

      3.31-acre parcel in Moyock, NC for building your future.
      216 E Ridge Road, Moyock, NC 27958
      View Details
    • $899,900

      Moyock, NC Prime Location Land

      17+ acres in Moyock, near VA border, zoned General Business.
      Caratoke Highway, Moyock, NC 27958
      View Details
    • $1,299,950

      Prime Commercial Land Opportunity, Moyock

      24.16-acre commercial land in high-growth Moyock, North Carolina.
      Tulls Creek Road, Moyock, NC 27958
      View Details
    • $824,000

      Moyock Commercial Land Opportunity

      Prime commercial land in growing Moyock, North Carolina.
      Survey Road lot: 3, Moyock, NC 27958
      View Details
    • $828,000

      Moyock Commercial Land For Sale

      Prime commercial land in growing Moyock, North Carolina.
      Survey Road lot: 2, Moyock, NC 27958
      View Details
    • $1,230,000

      Moyock, NC General Business Land

      14.5 acres of General Business land near VA line.
      Caratoke Highway, Moyock, NC 27958
      View Details
    • $1,255,000

      Prime Corner Lot in Moyock

      3.58 acres on Caratoke Highway with General Business zoning.
      355 Caratoke Highway lot: 3,4.&5, Moyock, NC 27958
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.58-acre commercial land with high traffic volume.
    Where is this commercial land located?
    The property is located at 355-365 Caratoke Highway Moyock, NC.
    What is the asking price?
    The asking price for this property is $1,255,000.
    What are key features of this property?
    This property features: High traffic count location on Caratoke Highway (over 22,000 vehicles daily).; 3.58 acre tract consisting of 3 tracts.; Located at a T intersection.
    (252) 232-3255
    We can help!
    Listing Contact
    Billy Barnes
    Real Estate License ID: 164022
    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!