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    230 E Main St Havelock, NC 28532
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    230 E Main St Havelock, NC 28532

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    • Commercial real estate
    For Sale
    $245,000
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    Havelock Commercial Land For Sale For Sale
    $245,000
    8.26 Acres

    Havelock Commercial Land For Sale

    2.9+/- acre commercial development site on Hwy 70 East.

    230 E Main St, Havelock, NC 28532
    View Listing
    Property ID
    US53-3513423
    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 230 E Main St

    Property type
    Commercial real estate

    Description

    230 E MAIN ST , Havelock, NC 28532 Looking for prime commercial land with incredible potential? Presenting 230 E MAIN ST , located on East Main Street (Hwy 70 East) and Wood Haven Drive in Havelock, NC. This property offers a 2.9 acre development site, with a total acreage of 8.26 acres, making it ideal for various commercial ventures. With a high traffic count of 27,000 ADT (NC DOT 2020), this location is strategically positioned for success. But the real opportunity lies in its proximity to the Marine Corps Air Station Cherry Point (MCAS), a critical installation and growing hub for the defense industry. MCAS Cherry Point is currently undergoing construction to house 6 full squadrons of F-35 jets, with major defense contractors like Boeing, Lockheed Martin, Raytheon, and Sikorsky maintaining a physical presence in the area. Havelock itself is a thriving community, situated just 18 miles from Morehead City and the Crystal Coast. MCAS Cherry Point has a significant impact on the local economy, with an annual economic impact of nearly $2 billion. The addition of the F-35s is projected to bring in an additional $2.19 billion in revenue, presenting an incredible opportunity for businesses in the area. Don't miss out on this chance to secure your piece of prime commercial land in a rapidly growing market.

    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
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.9050175
    Latitude
    34.8782817

    Comparable in this City

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      508 Main St

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    Similar Nearby for Sale

    • $325,000
      1.08 Acres

      Commercial Land in Havelock, NC

      Commercial land suitable for gas station, supermarket, or mini mart.
      6044025 U.S Us Highway 70 W, Havelock, NC 28532
      View Details
    • $75,000
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      Residential Lot in Havelock, NC

      Residential lot available for building your dream home.
      325 Farina Dr, Havelock, NC 28532
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    • $49,900
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      Cleared Lot with River View

      Cleared corner lot ready for dream home or vacation spot.
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      View Details
    • $68,000
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      Havelock Homesite on Slocum Creek

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    • $34,000
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      Wooded lot in quiet cul-de-sac, near Cherry Point.
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      View Details
    • $194,000
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      508 Main St

      508 E Main St - 2,118 SF Specialty Building Offered at $210,000 in Havelock, NC 28532
      508 Main St, Havelock, NC 28532
      View Details

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      Prime Retail Space in Havelock

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      Prime Retail Space in Havelock

      Exceptional retail space with offices, ample parking, and high visibility.
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    • Contact for pricing

      Commercial Land Near US 70

      Cleared commercial land tract near US 70 in Havelock, NC.
      234 Us Highway 70 W, Havelock, NC 28532
      View Details
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    Havelock, NC 28532
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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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