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    Magnolia School Road Land Opportunity Title is generated by Realmo AI

    536 Magnolia School Rd, Washington, NC 27889

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    Land with development potential and a 9-acre private lake.

    Type:Land
    Added:
    Mar 18, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 19 at 11:09 pm

    Property Features for 536 Magnolia School Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Verdes Terblanche

    Listing agent Verdes Terblanche License #NC

    Listing office VDT Investments, LLC

    Listing date Mar 18, 2026

    Source Crexi

    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 VDT Investments, LLC

    HighLights

    • 9‑acre private lake offering recreational opportunities and unique development potential (RV park/water park).
    • Versatile property suitable for a rural estate, hobby farm, or low‑density residential development.
    • Prime location near Washington, NC, with strong road frontage and accessibility.
    • Located in a rapidly growing area of Eastern NC with increasing demand for rural and recreational properties.
    • Close proximity to outdoor amenities like Goose Creek State Park and Washington Yacht & Country Club.
    • Strong long‑term investment appeal due to location, natural beauty, and development flexibility.

    Overview

    Located at 536 Magnolia School Rd in Washington, North Carolina, this property offers an opportunity for investors, developers, or those seeking a private rural retreat. The versatile tract is suited for a rural residential estate, hobby farm, or very low-density residential development. It features public road frontage and convenient access to Washington. A 9-acre private lake creates a natural centerpiece and recreational possibilities, with potential for an RV park and family water park attraction. The property is in a quiet rural area transitioning from traditional agricultural use to rural residential estates, hobby farms, and recreational properties. The surrounding neighborhood is influenced by the Pamlico River and its tributaries, making nearby waterfront communities popular for second homes, retirement living, and recreational getaways. Proximity to amenities such as Goose Creek State Park and the Washington Yacht and Country Club add to the location's appeal. The property offers long-term investment appeal with space, setting, and potential for a private lakeside estate, boutique residential development, recreational retreat, or a unique destination such as an RV and water park resort.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Restaurant Department Store Storage Facility Electrical Service Furniture & Home Goods Clothing & Fashion Store Home Appliance Store Pet Grooming Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.9869541
    Latitude
    35.5189112

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    FAQs

    What type of property is this?
    Land - Land with development potential and a 9-acre private lake.
    Where is this land located?
    The property is located at 536 Magnolia School Rd Washington, NC.
    What are key features of this property?
    This property features: 9‑acre private lake offering recreational opportunities and unique development potential (RV park/water park).; Versatile property suitable for a rural estate, hobby farm, or low‑density residential development.; Prime location near Washington, NC, with strong road frontage and accessibility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Verdes Terblanche
    Real Estate License ID: NC
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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.

    More about this property
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