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    133 Lake Wood Dr Edenton, NC 27932
    Property profile & analytics

    133 Lake Wood Dr Edenton, NC 27932

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    • Waterfront Land
    Off-Market
    Property ID
    US53-4268493
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 133 Lake Wood Dr

    Property type
    Waterfront Land
    Property subtype
    Residential land & home lots

    Description

    Beautiful Waterfront Gated Community! Lovely level lot with tree line to the back to build your dream home. Lot is deep so your home does not have to be close to the road. Established community. Minutes from downtown Edenton.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edenton
    County
    Chowan
    State
    North Carolina
    Longitude
    -76.5928666
    Latitude
    36.0319043

    Comparable in this City

    • $58,000
      1.02 Acres

      Waterfront Lot in Gated Community

      1.02 acre waterfront lot in RiverSound community.
      305 Winfall Ct, Edenton, NC 27932
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    • $79,900
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      Edenton Land with River Access

      10.74-acre wooded homesite in gated Riversound community with river access.
      405 Batts Island Rd, Edenton, NC 27932
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    • $58,000
      1.06 Acres

      Riverfront Lot in Gated Community

      1.06 acre riverfront lot with community amenities.
      228 Nautical Way, Edenton, NC 27932
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    • Contact for pricing
      0.20 Acres

      Waterfront Community Corner Lot

      Corner lot in waterfront community near historic Edenton.
      307 Pineview Dr, Edenton, NC 27932
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    • $799,000
      10.05 Acres

      Waterfront Land Ready to Build

      10-acre waterfront homesite on the Yeopim River.
      149 Drummonds Crk Ln, Edenton, NC 27932
      View Details
    • $87,500
      0.64 Acres

      Lakefront Residential Building Lot

      Waterfront lot ready for building with neighborhood amenities.
      317 Schooner Landing Dr, Edenton, NC 27932
      View Details

    Similar Nearby for Sale

    • $58,000
      1.06 Acres

      Riverfront Lot in Gated Community

      1.06 acre riverfront lot with community amenities.
      228 Nautical Way, Edenton, NC 27932
      View Details
    • Contact for pricing
      0.20 Acres

      Waterfront Community Corner Lot

      Corner lot in waterfront community near historic Edenton.
      307 Pineview Dr, Edenton, NC 27932
      View Details
    • $799,000
      10.05 Acres

      Waterfront Land Ready to Build

      10-acre waterfront homesite on the Yeopim River.
      149 Drummonds Crk Ln, Edenton, NC 27932
      View Details
    • $87,500
      0.64 Acres

      Lakefront Residential Building Lot

      Waterfront lot ready for building with neighborhood amenities.
      317 Schooner Landing Dr, Edenton, NC 27932
      View Details
    • $59,000
      0.50 Acres

      Canal Front Lot Ready

      Cleared 0.50-acre canal front lot, ready for dream home.
      100 Rockfish St, Edenton, NC 27932
      View Details
    • Contact for pricing
      0.34 Acres

      Waterfront Land Near Historic Edenton

      Residential land with waterfront access and community amenities.
      140 47, Edenton, NC 27932
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      1,250 SF

      Warehouse Unit Near Airport

      1250 sq ft warehouse unit near Edenton Airport.
      124 Marine Dr, Edenton, NC 27932
      View Details
    • $1,800 /Mo
      217,800 SF

      Edenton Warehouse Unit For Rent

      2,500 sq ft warehouse unit available for rent.
      124 Marine Dr, Edenton, NC 27932
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    • $900 /Mo
      1,250 SF

      Edenton Warehouse Unit For Rent

      1250 sq ft warehouse unit near Edenton Airport.
      124 Marine Dr, Edenton, NC 27932
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    • Contact for pricing
      3,800 SF

      Retail Space in Edenton Village

      Retail shopping center with multiple available units in Edenton, NC.
      1316 N Broad St, Edenton, NC 27932
      View Details
    • $900 /Mo
      1,250 SF

      Edenton Warehouse Unit For Rent

      1250 sq ft warehouse unit near Edenton Airport.
      124 Marine Dr, Edenton, NC 27932
      View Details
    • $900 /Mo
      1,250 SF

      Edenton Warehouse Unit For Rent

      1250 sq ft warehouse unit near Edenton Airport.
      124 Marine Dr, Edenton, NC 27932
      View Details
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    133 Lake Wood Dr
    Edenton, NC 27932
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    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
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    133 Lake Wood Dr, Edenton, NC, 27932
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