Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Main St Havelock, NC 28532

    • Land
    • 54.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Main St

    Lot size
    54.20 lot acres
    Property type
    Land

    Description

    This exceptional 54.2-acre commercial land parcel presents a significant investment opportunity in Havelock, North Carolina. Located on W. Main Street (US Highway 70) in Craven County, this property boasts a strategic position adjacent to Marine Corps Air Station Cherry Point, the world's largest Marine Corps Air Station and home to the 2nd Marine Aircraft Wing. The expansive 2,364,698 square foot site comprises a primary parcel and five additional parcels, all included in the asking price of $21,570,000. Currently utilized as a commercial mobile home park and featuring existing retail and restaurant establishments, this property offers diverse development possibilities. The flexible zoning allows for Highway Commercial (HC), Mobile Home Residential (RMH), and Single-family Residential (R-7) uses, providing considerable versatility for future projects. The property's APN numbers are 6-053-030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.9163
    Latitude
    34.8868

    Comparable in this City

    • Value Estimation by Request

      1335 Main St

      Land
      1335 Main St, Havelock, NC 28532
      View Details
    • Value Estimation by Request
      2.67 Acres

      116 Main St

      Land • 2.67 Acres
      116 Main St, Havelock, NC 28532
      View Details
    • Value Estimation by Request
      5.47 Acres

      328 Mccotter Blvd

      Multifamily properties • 5.47 Acres
      328 Mccotter Blvd, Havelock, NC 28532
      View Details
    • Value Estimation by Request

      1335 Main St

      Land
      1335 Main St, Havelock, NC 28532
      View Details
    • Value Estimation by Request
      2.90 Acres

      230 Main St

      Land • 2.90 Acres
      230 Main St, Havelock, NC 28532
      View Details
    • Value Estimation by Request
      927.70 Acres

      Byp Marine Corps Air Sta

      Agricultural land • 927.70 Acres
      0 Byp Marine Corps Air Sta, Marine Corps Air Station Cherry Point, NC 28532
      View Details

    Similar Nearby for Sale

    • $290,000
      2.90 Acres

      Havelock NC Commercial Land

      Prime 2.9-acre development site. High traffic, near MCAS Cherry Point.
      230 Main St, Havelock, NC 28532
      View Details
    • $300,000
      41.12 Acres

      Havelock Land Near Highway 70

      41-acre land parcel near US Hwy 70 in Havelock, NC.
      Lake Rd, Havelock, NC 28532
      View Details
    • $1,700,000
      36.00 Acres

      Havelock Commercial Land Opportunity

      36 Acres, Prime Commercial Location
      Fox Ridge Ct, Havelock, NC 28532
      View Details
    • $149,000
      15.40 Acres

      Havelock Vacant Land For Sale

      15.4 acres of land with frontage on Mitchell's Creek.
      Fisher Town Rd, Havelock, NC 28532
      View Details
    • $125,000
      0.84 Acres

      Waterfront Lot in Havelock, NC

      Vacant waterfront lot with private dock in a serene neighborhood.
      327 Farina Dr, Havelock, NC 28532
      View Details
    • $150,500
      0.39 Acres

      Commercial Land in High-Traffic Area

      Commercial land suitable for mini mart or fast food stores.
      604430001 U.S Hwy 70 W, Havelock, NC 28532
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,100 SF

      Retail Space in Havelock, NC

      5,100 SF retail property available for lease.
      1413 E Main St, Havelock, NC 28532
      View Details
    • Contact for pricing

      Prime Retail Space in Havelock

      Exceptional retail space with offices, ample parking, and high visibility.
      Havelock, NC 28532
      View Details
    • $12 SF/Yr

      Prime Retail Space in Havelock

      Exceptional retail space with offices, ample parking, and high visibility.
      208 Roosevelt Blvd, Havelock, NC 28532
      View Details
    • $12 SF/Yr
      1,740 SF

      Retail Space in Havelock, NC

      Retail space in thriving Havelock market near Cherry Point.
      206 E Main St, Havelock, NC 28532
      View Details
    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.
    Main St
    Havelock, NC 28532
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.