110 Spinnaker Run Rd Belhaven, NC 27810-8919
Property Lookup
Property profile & analytics
110 Spinnaker Run Rd Belhaven, NC 27810-8919
- Golf courses & driving ranges
- 1,600 SF
- 3.32 lot acres
Property ID
US53-4316851
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dowry Creek Marina / Marina
Property Details for 110 Spinnaker Run Rd
- Year built
- 1995
- Lot size
- 3.32 lot acres
- Property size
- 1,600 SF
- Property type
- Golf courses & driving ranges
- APN
- 7635-27-6866
- APU
- 7635276866
Description
This exceptional waterfront investment opportunity presents the chance to acquire Dowry Creek Marina, a thriving marina located in Belhaven, North Carolina, at 110 Spinnaker Run Rd, 27810. Offered at $4,000,000 with an attractive 11.43% capitalization rate, this marina boasts a prime location on the Intracoastal Waterway (ICW) at Mile Marker 132, making it a popular destination for boaters along the East Coast. The marina benefits from a strong reputation, consistently receiving positive reviews and recognition, including being named one of the best small marinas in 2023. This success is driven by a loyal customer base cultivated through word-of-mouth referrals and prominent features in boating guides. The property includes on-site water and sewer infrastructure, and importantly, adjacent undeveloped land offers significant potential for future expansion. The marina's financial performance is further enhanced by a unique Boat Owners Association (BOA) structure. The marina owns 40 of the 73 slips, resulting in a cost-effective arrangement where it pays only 25% of pier maintenance costs while having access to nearly all slips. The existing restaurant will be leased to the new owner, with a purchase option available. This presents a turnkey operation with immediate income potential and significant upside for future growth. This is a rare opportunity to acquire a well-established, high-performing marina with substantial potential for increased profitability and expansion.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Belhaven
- County
- Beaufort
- State
- North Carolina
- Longitude
- -76.5373
- Latitude
- 35.5327
- CBSA code
- 47820
- CBSA name
- WASHINGTON, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,276
$164,760
$182,840
$347,600
-
$164,760
$182,840
$347,600
