Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    359 Caratoke Hwy, Unit 4 Moyock, NC 27958
    Back to Search
    Property profile & analytics

    359 Caratoke Hwy, Unit 4 Moyock, NC 27958

    View on Map
    • Commercial land
    • 1.17 lot acres
    For Sale
    $427,050
    View Listing →
    Moyock, NC Vacant Land For Sale
    $427,050
    1.17 Acres

    Moyock, NC Vacant Land

    Vacant lot with high visibility on Caratoke Highway.

    359 Caratoke Highway lot: 4, Moyock, NC 27958
    View Listing
    Property ID
    US53-3926418
    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 land

    Property Details for 359 Caratoke Hwy

    Lot size
    1.17 lot acres
    Zone code
    GB
    Property type
    Commercial land
    APN
    0009000029I0000
    APU
    0009000029I0000

    Description

    This exceptional 1.17-acre commercial parcel is strategically located at 359 CARATOKE Highway in Moyock, North Carolina. The property presents a unique opportunity for investors and developers seeking a foothold in a rapidly growing area. Its prominent highway frontage ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The expansive lot offers ample space for development, allowing for flexibility in design and construction plans. The address, 359 CARATOKE Highway, places the property in a convenient location with easy access to major transportation routes, enhancing its appeal to businesses and customers alike. The asking price of $427,050 reflects the significant potential of this land, considering its size, location, and development possibilities. This is a rare opportunity to acquire a substantial commercial property in a thriving North Carolina community. The absence of existing structures allows for complete customization to suit specific business needs, offering a blank canvas for creative development. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to secure a valuable asset in a dynamic market. Act quickly, as opportunities like this are seldom available.

    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
    -76.1842
    Latitude
    36.5339
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN 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
    2023
    $1,186
    $206,200
    $0.00
    $206,200
    -
    $206,200
    $0.00
    $206,200

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      Samuel Dr

      VACANT COMMERCIAL LAND • 1.30 Acres
      Samuel Dr, Moyock, NC 27958
      View Details
    • Value Estimation by Request
      28.73 Acres

      Moyock, NC 27958

      VACANT COMMERCIAL LAND • 28.73 Acres
      Moyock, NC 27958
      View Details
    • Value Estimation by Request
      2.13 Acres

      Caratoke Hwy

      VACANT COMMERCIAL LAND • 2.13 Acres
      Caratoke Hwy, Moyock, NC 27958
      View Details
    • Value Estimation by Request
      1.63 Acres

      Caratoke Hwy

      VACANT COMMERCIAL LAND • 1.63 Acres
      Caratoke Hwy, Moyock, NC 27958
      View Details
    • Value Estimation by Request
      6.16 Acres

      Caratoke Hwy

      VACANT COMMERCIAL LAND • 6.16 Acres
      Caratoke Hwy, Moyock, NC 27958
      View Details
    • Value Estimation by Request
      11.82 Acres

      574 Poyners Rd

      VACANT COMMERCIAL LAND • 11.82 Acres
      574 Poyners Rd, Moyock, NC 27958-9263
      View Details

    Similar Nearby for Sale

    • $1,299,950
      24.12 Acres

      Prime Commercial Land Opportunity, Moyock

      24.16-acre commercial land in high-growth Moyock, North Carolina.
      Tulls Creek Rd, Moyock, NC 27958
      View Details
    • $3,180,900
      23.00 Acres

      Prime Land in Moyock, NC

      23 acres of general business zoned property in Moyock.
      15+Ac Caratoke Hwy, Moyock, NC 27958
      View Details
    • $1,200,000
      141,109 SF

      High Visibility Commercial Land Lot

      Commercial land lot with high visibility on a T intersection.
      335 Caratoke Hwy, Moyock, NC 27958
      View Details
    • $828,000
      4.14 Acres

      Moyock Commercial Land For Sale

      Prime commercial land in growing Moyock, North Carolina.
      Survey Rd, Moyock, NC 27958
      View Details
    • $1,200,000

      Vacant Land on Caratoke Highway

      Vacant, grassed property with high visibility and easy access.
      335/349 Caratoke Hwy, Moyock, NC 27958
      View Details
    • $1,255,000

      Prime Land on Caratoke Highway

      3.58-acre commercial land with high traffic volume.
      355-365 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
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    359 Caratoke Hwy, Unit 4
    Moyock, NC 27958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    359 Caratoke Hwy, Moyock, NC, 27958
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!