Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Lot # 18 Ct Hertford, NC 27944

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

    Current Use by Public Records

    • Land

    Property Details for 0 Lot # 18 Ct

    Property type
    Land

    Description

    This exceptional 89,150 square foot lot, located at Lot # 18 Mariner's Court in Hertford, North Carolina, presents a unique opportunity for building your dream home. Situated conveniently close to the boat docks, this property offers unparalleled access to the water and the serene beauty of Bethel Creek. The lot is priced attractively below its assessed tax value, representing significant potential savings for the buyer. The community of Bethel Creek boasts an array of desirable amenities, including well-maintained walking trails, convenient water access points, and beautifully landscaped common areas, enhancing the overall lifestyle and appeal of this exceptional location. Whether you envision a custom-built home or a modular construction project, this lot provides the perfect canvas for your vision. The zip code is 27944, and the property's coordinates are 36.0976364 latitude and -76.4751876 longitude. Don't miss this chance to own a piece of waterfront paradise in Hertford, North Carolina. The asking price for this remarkable property is $35,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hertford
    County
    Perquimans
    State
    North Carolina
    Longitude
    -76.4752
    Latitude
    36.0976

    Comparable in this City

    • Value Estimation by Request
      0.99 Acres

      000 Hoyle Jones Rd

      Land • 0.99 Acres
      000 Hoyle Jones Rd, Hertford, NC 27944
      View Details
    • Value Estimation by Request
      0.23 Acres

      068 Inlet Cir

      Land • 0.23 Acres
      068 Inlet Cir, Hertford, NC 27944
      View Details
    • Value Estimation by Request
      0.44 Acres

      Pinewod Trl Trl

      Land • 0.44 Acres
      0 Pinewod Trl Trl, Hertford, NC 27944
      View Details
    • Value Estimation by Request
      0.22 Acres

      184 Shady Ln

      Land • 0.22 Acres
      184 Shady Ln, Hertford, NC 27944
      View Details
    • Value Estimation by Request
      0.45 Acres

      30 Holiday Ln

      Land • 0.45 Acres
      30 Holiday Ln, Hertford, NC 27944
      View Details
    • Value Estimation by Request
      0.26 Acres

      142 Oak Rdg

      Land • 0.26 Acres
      142 Oak Rdg, Hertford, NC 27944
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.22 Acres

      Waterfront Land in Snug Harbor

      Waterfront lot in established community, ideal for coastal living.
      17-C Comanche Trl, Hertford, NC 27944
      View Details
    • $59,900
      4.00 Acres

      Prime 4-Acre Commercial Land

      Hertford, NC Riverfront Lot - $59,900
      266 Sterling Colson Way, Hertford, NC 27944
      View Details
    • $80,000
      Pending

      Hertford, NC Land For Sale

      10 acres in Perquimans County with no HOA or restrictions.
      Cove Rd, Hertford, NC 27944
      View Details
    • Contact for pricing
      0.37 Acres

      Hertford Land in Gated Community

      Land in Albemarle Plantation with golf and river access.
      109 Chatooga Ct E, Hertford, NC 27944
      View Details
    • $37,000
      1.79 Acres

      Hertford, NC Vacant Land

      Vacant land in Bethel Creek Community with nature access.
      16 Bethel Creek Ln, Hertford, NC 27944
      View Details
    • $62,500
      0.25 Acres

      Holiday Island Land with Campers

      Four lots in Holiday Island with campers and golf cart.
      108 E Hidden Valley Trl, Hertford, NC 27944
      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.
    Lot # 18 Ct
    Hertford, NC 27944
    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.