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    Property profile & analytics

    184 Shady Ln, Unit 26F Hertford, NC 27944

    • Commercial real estate
    • 0.22 lot acres
    For Sale
    View listing
    $19,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4408238
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 184 Shady Ln

    Lot size
    0.22 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.22-acre commercial lot, located at 184 Shady Ln, Hertford, NC 27944, presents a unique investment opportunity. Situated in the desirable Holiday Island subdivision (Block 239), this property boasts a prime canal-front location offering stunning canal views. The lot measures 70 feet by 140 feet, totaling 9,800 square feet, and is zoned RS. Currently vacant, it's ideal for development. Enjoy the benefits of the Holiday Island POA, including access to a clubhouse, for an annual HOA fee of $36. This property offers the perfect blend of waterfront living and commercial potential, making it an attractive proposition for discerning buyers. The property's location in Perquimans County provides easy access to local amenities and attractions. Tax year for this property is 2022. Don't miss this chance to acquire a piece of waterfront paradise with significant commercial possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hertford
    County
    Perquimans
    State
    North Carolina
    Longitude
    -76.388101
    Latitude
    36.09161

    Comparable in this City

    • $80,000
      2.38 Acres

      Waterfront Lot in Desirable Community

      2.38-acre canal-front lot ready for your dream home.
      189 Bald Eagle Pointe Dr, Hertford, NC 27944
      View Details
    • $50,000

      Residential Land in New Hope

      One-acre residential lot with no restrictions in New Hope, NC.
      Tbd Cv Rd, Hertford, NC 27944
      View Details
    • $35,000
      2.47 Acres

      Waterfront Community Land For Sale

      Spacious waterfront lot in Hertford, NC ready for new home.
      204b Sandpiper Dr, Hertford, NC 27944
      View Details
    • New
      $1,750,000
      89.40 Acres

      Development-Ready Waterfront Land in Hertford

      89.4-acre tract with waterfront lots and commercial pier.
      Muddy Crk & Cross Nck Rd, Hertford, NC 27944
      View Details
    • $40,000
      0.59 Acres

      Residential Land in Hertford, NC

      Land for sale in Albemarle Plantation, Hertford, North Carolina.
      T-13 Trent Cir, Hertford, NC 27944
      View Details
    • Contact for pricing
      0.58 Acres

      Water View Land in Hertford

      Land with water views, ideal for building a dream home.
      16 Durant St, Hertford, NC 27944
      View Details

    Similar Nearby for Sale

    • $50,000

      Acre Lot in New Hope

      One-acre residential lot with no restrictions in New Hope, NC.
      Tbd Cv Rd, Hertford, NC 27944
      View Details
    • $50,000

      Acre Lot in New Hope

      One acre lot with no restrictions in New Hope, NC.
      Tbd Cv Rd, Hertford, NC 27944
      View Details
    • $55,000
      1.48 Acres

      Water View Lot in Hertford

      Scenic 1.48-acre lot with water views, ready to build.
      Sterling Colson Way, Hertford, NC 27944
      View Details
    • $90,000
      0.06 Acres

      Hertford Land with Toy Hauler

      Land in Holiday Island with utilities and toy hauler.
      120 Explorer Arch, Hertford, NC 27944
      View Details
    • $45,000
      0.06 Acres

      Hertford, NC Land For Sale

      Land in Holiday Island Subdivision with established utilities and community amenities.
      118 Explorer Arch, Hertford, NC 27944
      View Details
    • $50,000
      1.00 Acre

      Acre Lot in New Hope

      One acre lot with no HOA or deed restrictions.
      Cove Rd, Hertford, NC 27944
      View Details
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    184 Shady Ln, Unit 26F
    Hertford, NC 27944
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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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