Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    506 Carteret St Bath, NC 27808-9555
    Back to Search
    Property profile & analytics

    506 Carteret St Bath, NC 27808-9555

    View on Map
    • Retail properties & Spaces
    • 1,164 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US53-4210234
    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

    • Vehicle Makeover / Auto Repair Shop

    Property Details for 506 Carteret St

    Year built
    1963
    Lot size
    0.52 lot acres
    Property size
    1,164 SF
    Property type
    Retail properties & Spaces
    APN
    6653-34-5468
    APU
    6653345468

    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
    Bath
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.8046
    Latitude
    35.4735
    CBSA code
    47820
    CBSA name
    WASHINGTON, NC MICROPOLITAN 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
    2024
    $726
    $67,500
    $9,355
    $76,855
    -
    $67,500
    $9,355
    $76,855

    Comparable in this City

    • Value Estimation by Request
      34.63 Acres

      1732 Sr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 34.63 Acres
      1732 Sr, Bath, NC 27808
      View Details
    • Value Estimation by Request
      28.35 Acres

      2382 Burbage Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 28.35 Acres
      2382 Burbage Rd, Bath, NC 27808-9072
      View Details
    • Value Estimation by Request
      1,800 SF

      1518 Yeatesville Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,800 SF
      1518 Yeatesville Rd, Bath, NC 27808-9050
      View Details
    • Value Estimation by Request
      2,688 SF

      1339 Sr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,688 SF
      1339 Sr, Bath, NC 27808
      View Details
    • Value Estimation by Request
      3,744 SF

      108 Harding St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,744 SF
      108 Harding St, Bath, NC 27808
      View Details
    • Value Estimation by Request
      2.96 Acres

      52 Baoda St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2.96 Acres
      52 Baoda St, Bath, NC 27808-7709
      View Details

    Similar Nearby for Sale

    • $65,000
      0.98 Acres

      Waterfront Community Land For Sale

      Residential land with water views and access in Kirby Grange.
      107 Kirby Grange Ave, Bath, NC 27808
      View Details
    • $84,900
      4.60 Acres

      Waterfront Lot in Carolina Shores

      Waterfront lot with septic permit and Intracoastal Waterway access.
      97 Mcgowan Rd, Bath, NC 27808
      View Details
    • $52,000
      0.65 Acres

      Creekfront Homesite in Bath, NC

      0.65-acre creekfront homesite in desirable waterfront community.
      76 Bridgewater Dr S, Bath, NC 27808
      View Details
    • $50,000
      0.58 Acres

      Creekfront Homesite in Bath, NC

      0.58-acre creekfront homesite with water views and direct water access.
      213 Maritime Loop Dr, Bath, NC 27808
      View Details
    • New
      $137,000
      1.61 Acres

      Waterfront Homesite Near Pamlico River

      2.13 acres with 186 feet of shoreline.
      lot 10/10A Seaview Ct, Bath, NC 27808
      View Details
    • $95,000
      1.26 Acres

      Waterfront Lot in Ashton Landing

      Waterfront lot in Bath, NC, perfect for building a home.
      6 Ashton Dr, Bath, NC 27808
      View Details
    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.
    506 Carteret St
    Bath, NC 27808-9555
    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
    506 Carteret St, Bath, NC, 27808
    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!