Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Merritt, NC Title is generated by Realmo AI

    873 Arant Farm Road lot 4, Merritt, NC 28556

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $195,000

    LAND - Merritt, NC

    Lot size:
    1.00 Acre
    Added:
    Apr 23, 2026
    Days on Market:
    29
    Last Refresh:
    May 21 at 10:06 pm

    Property Features for 873 Arant Farm Road lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Resi
    Exterior features
    Dock
    Standard status
    Active Under Contract
    APN
    6591058545000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 4 BAY WINDS

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Dana Ellington
    Dana Ellington

    Listing agent Dana Ellington License #255265

    Listing office Compass Carolinas LLC 3800 Glenwood Ave. Ste 150, Raleigh, NC

    Listing date Apr 23, 2026

    MLS# 100569071 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.

    HighLights

    • One‑acre waterfront lot on the Bay River
    • Private dock included
    • Cleared lot with seawall in place
    • Septic system already installed
    • Ten minutes from Oriental, NC (Sailing Capital)
    • Waterfront property

    Overview

    This one-acre waterfront lot is located in Merritt, North Carolina, offering views of the Bay River. The property is already cleared and features a seawall. A septic system is installed. It is located ten minutes from Oriental, the Sailing Capital of North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Merritt
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.6888057
    Latitude
    35.1444754

    Nearby Similar for Sale

    • $110,000

      Waterfront Homesite in Merritt, NC

      Serene waterfront homesite near Oriental with mature trees.
      2472 Brown Creek Road lot: 20, Merritt, NC 28556
      View Details
    • $145,000

      Waterfront Homesite with Existing Pier

      2.6+ acre waterfront homesite with pier near Oriental, NC.
      2504 Brown Creek Road lot: 19, Merritt, NC 28556
      View Details
    • $45,000

      Private Homesite in Bay Winds

      Wooded homesite in waterfront community with access to amenities.
      121 Mason Lane, Merritt, NC 28556
      View Details
    • $80,000

      Waterfront Land on Bay River

      2.8-acre waterfront lot to build your dream home.
      485 Florence Road, Merritt, NC 28556
      View Details
    • $87,500

      Waterfront Land in Merritt, NC

      Unrestricted waterfront land with septic system ready for development.
      543 Florence Road, Merritt, NC 28556
      View Details
    • $300,000

      Waterfront Acreage in Pamlico County

      Undeveloped, unrestricted waterfront acreage, perfect for recreation or investment.
      Florence Road, Merritt, NC 28556
      View Details
    • $225,000

      Waterfront Lot with Private Dock

      Waterfront .42-acre lot with dock, boat lift, sailboat slip.
      105 Trawler Lane, Merritt, NC 28556
      View Details
    • $186,000

      Waterfront Land on Alligator Creek

      Two acres of waterfront land, ready for your dream home.
      251 Alligator Loop Road, Merritt, NC 28556
      View Details
    • $28,500

      Residential Land in Masons Pointe

      0.93-acre wooded lot in waterfront community near Bay River.
      87 Mason Lane lot: 49, Merritt, NC 28556
      View Details
    • $28,500

      Merritt, NC Residential Land

      0.84-acre wooded lot in Masons Pointe Subdivision.
      26 Mason Lane lot: 43, Merritt, NC 28556
      View Details
    • $54,500

      Land with Creek in Merritt

      2.7-acre property with creek, utilities, and outdoor possibilities.
      40 Alligator Creek Road, Merritt, NC 28556
      View Details
    • $175,000

      Cleared Land Ready to Build

      11+ acre lot, cleared, ready to build, no restrictions.
      901 Murphy Farm Road, Merritt, NC 28556
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - One-acre waterfront lot with private dock potential near Oriental.
    Where is this waterfront land located?
    The property is located at 873 Arant Farm Road lot 4 Merritt, NC.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: One‑acre waterfront lot on the Bay River; **Private dock included**; Cleared lot with seawall in place
    (919) 622-5051
    We can help!
    Listing Contact
    Dana Ellington
    Dana Ellington
    Real Estate License ID: 255265
    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
    873 Arant Farm Road lot: 4, Merritt, NC 28556
    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!