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    220 Caratoke Hwy Moyock, NC 27958
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    220 Caratoke Hwy Moyock, NC 27958

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    • Commercial real estate
    • 55.37 lot acres
    For Sale
    $5,000,000
    View Listing →
    Moyock Development Property For Sale For Sale
    $5,000,000
    55.37 Acres

    Moyock Development Property For Sale

    One-of-a-kind development property in a rapidly growing area.

    220 Caratoke Highway, Moyock, NC 27958
    View Listing
    Property ID
    US53-0352275
    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

    • Commercial real estate

    Property Details for 220 Caratoke Hwy

    Lot size
    55.37 lot acres
    Property type
    Commercial real estate
    APN
    000900000750000

    Description

    This exceptional 55.37-acre commercial land parcel presents a unique investment opportunity in the thriving Moyock, North Carolina market. Located at 220 Caratoke Highway, this property boasts a highly desirable General Business (GB) zoning designation, opening doors to a wide array of development possibilities. Situated in Currituck County, with a convenient address of 220 Caratoke Highway, Moyock, NC 27958 (APN: 000900000750000), this expansive tract is strategically positioned near the Virginia border, capitalizing on the robust growth experienced in this rapidly developing area of northeastern North Carolina. The property's substantial size allows for significant flexibility in project scope, accommodating various commercial ventures. The asking price for this remarkable land opportunity is $5,000,000. Given its prime location, zoning, and size, this property represents a compelling investment for developers seeking to capitalize on the burgeoning commercial sector in this high-demand region. Its proximity to Virginia further enhances its strategic value and potential for significant return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional development site.

    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
    Moyock
    County
    Currituck
    State
    North Carolina
    Longitude
    -76.1896892
    Latitude
    36.5425218

    Comparable in this City

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      Prime Commercial Land Opportunity, Moyock

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    • $5,000,000

      Moyock Development Property For Sale

      One-of-a-kind development property in a rapidly growing area.
      220 Caratoke Hwy, Moyock, NC 27958
      View Details

    Similar Nearby for Sale

    • $110,000
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      Moyock, NC Land For Sale

      Land for sale in Moyock, North Carolina.
      1671 Caratoke Hwy, Moyock, NC 27958
      View Details
    • $1,299,950
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      Prime Commercial Land Opportunity, Moyock

      24.16-acre commercial land in high-growth Moyock, North Carolina.
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      View Details
    • $3,180,900
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      Prime Land in Moyock, NC

      23 acres of general business zoned property in Moyock.
      15+Ac Caratoke Hwy, Moyock, NC 27958
      View Details
    • $435,000
      453,024.00 Acres

      Moyock NC Heavy Industrial Land

      Heavy industrial land in booming Moyock, NC with highway access.
      Tbd Windchaser Way, Moyock, NC 27958
      View Details
    • $435,000
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      Moyock, NC Heavy Industrial Land

      Heavy industrial zoned land in booming Moyock, North Carolina.
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      View Details
    • $5,000,000

      Moyock Development Property For Sale

      One-of-a-kind development property in a rapidly growing area.
      220 Caratoke Hwy, Moyock, NC 27958
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Moyock

      Land available for lease in a growing Moyock area.
      369-385 Caratoke Hwy, Moyock, NC 27958
      View Details
    • Contact for pricing
      8,425 SF

      Retail Space Near Starbucks

      Retail space for lease near high-traffic highway and popular businesses.
      Caratoke Hwy, Moyock, NC 27958
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    View Listing
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    Moyock, NC 27958
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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.

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