Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Gaston Waterfront Acre Title is generated by Realmo AI

    Honeysuckle Drive lot 2, Henrico, NC 27842

    View on Map
    Claim this Listing
    For Sale
    $525,000

    LAND - Henrico, NC

    Lot size:
    1.00 Acre
    Added:
    May 7, 2026
    Days on Market:
    16
    Last Refresh:
    May 22 at 3:06 am

    Property Features for Honeysuckle Drive lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well
    Water front features
    Creek, Lake
    Water front
    1

    We can help!

    Listing Contact
    Rebecca Blythe

    Listing agent Rebecca Blythe

    Listing office Coldwell Banker Advantage-Littleton 2391 Eaton Ferry Road, Littleton, NC

    Listing date May 7, 2026

    MLS# 142147 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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

    • 1 acre waterfront lot with 290(+-) feet of shoreline on Lake Gaston.
    • Flat lot, ideal for easy building and landscaping.
    • Located on a peninsula in Pea Hill Creek with views of Wobble Island.
    • Off‑frame modular and site‑built homes are allowed.
    • No HOA fees.
    • Waterfront features include both Lake and Creek access.

    Overview

    This one-acre vacant waterfront lot features approximately 290 feet of shoreline. The flat parcel extends into Pea Hill Creek, offering views of the sunrise and sunset over Lake Gaston. Located across from Wobble Island in Pea Hill Creek, the property is situated in a peaceful and quiet area without an HOA. Off-frame modular and site-built homes are permitted. An access easement is located on the back side of the parcel. The property is intended for residential use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Henrico
    County
    Northampton
    State
    North Carolina
    Longitude
    -77.8485
    Latitude
    36.5286

    Nearby Similar for Sale

    • $699,000
      4,000 SF

      Adaptable Commercial Building in Henrico

      Modern, flexible commercial space in a thriving Lake Gaston location.
      171 Stanley Rd., Henrico, NC 27842
      View Details
    • $299,000

      10 Acres Near Lake Gaston

      Residential land with deeded boat slip and lake access.
      Champion Dr. lot: 7, Henrico, NC 27845
      View Details
    • $375,000

      Waterfront Land on Pea Hill Creek

      One-acre waterfront lot on Lake Gaston, Pea Hill Creek.
      Honeysuckle Drive lot: 1, Henrico, NC 27842
      View Details
    • $350,000

      Waterfront Lot on Pea Hill Creek

      Waterfront lot with sunset views and permits in place.
      Stanley Drive lot: 6R, Henrico, NC 27842
      View Details
    • $69,000

      Residential Lot Near Lake Gaston

      One-acre lot with lake access and community boat ramp.
      290 S Belmont Dr lot: 39, Henrico, NC 27842
      View Details
    • $44,900

      Wooded Corner Lot Near Lake

      Corner lot in Windward Shores community near Lake Gaston.
      Windward Shores, Henrico, NC 27842
      View Details
    • $19,900

      Wooded Lot Near Lake Gaston

      Wooded lot near Lake Gaston, perfect for a getaway.
      Waterside Drive lot: 10, Henrico, NC 27842
      View Details
    • $34,900

      Waterfront Land in Henrico, NC

      Waterfront lot with ramp access and picnic pavilions.
      Roanoke Trail lot: 90, Henrico, NC 27842
      View Details
    • $52,000

      Commercial Land in Henrico, NC

      Commercial lot with highway business zoning and road frontage.
      River Road lot: 67, Henrico, NC 27842
      View Details
    • $19,900

      Residential Lot in Lakeside Community

      Tranquil off-water lot ready for your dream home.
      Waterside Drive lot: 12, Henrico, NC 27842
      View Details
    • $279,000

      Lake Gaston Boathouse Lots

      Two wooded lots with boathouse on Lake Gaston.
      40&41 Pine Ridge Trail lot: 40&41, Henrico, NC 27842
      View Details
    • $19,900

      Half-Acre Wooded Lot Near Lake

      Wooded lot in waterfront community, near Lake Gaston.
      20 Waterside Dr lot: 20, Henrico, NC 27842
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - One acre waterfront lot with 290 feet of shoreline.
    Where is this waterfront land located?
    The property is located at Honeysuckle Drive lot 2 Henrico, NC.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 1 acre waterfront lot with **290(+-) feet of shoreline on Lake Gaston.**; Flat lot, ideal for easy building and landscaping.; Located on a peninsula in Pea Hill Creek with **views of Wobble Island.**
    (252) 578-2797
    We can help!
    Listing Contact
    Rebecca Blythe
    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
    Honeysuckle Drive lot: 2, Henrico, NC 27842
    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!