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    802 Main St Havelock, NC 28532
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    Property profile & analytics

    802 Main St, Havelock, NC 28532

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    • Commercial real estate
    • 0.47 lot acres
    Off-Market
    Property ID
    US53-3623735
    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 802 Main St

    Lot size
    0.47 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.47-acre commercial lot presents a unique investment opportunity in the thriving town of Havelock, North Carolina. Situated at 802 E MAIN Street, this property boasts a highly desirable location with excellent visibility and accessibility. The expansive lot offers significant potential for a variety of commercial ventures, making it an ideal canvas for entrepreneurs and developers alike. Its size provides ample space for construction, allowing for flexibility in design and functionality. The address, 802 E MAIN Street, places the property in a high-traffic area, ensuring maximum exposure to potential customers. Havelock's robust economy and growing population make this a particularly attractive investment, promising strong returns and long-term growth. The property's versatility allows for a wide range of development possibilities, from retail spaces and restaurants to office buildings and light industrial uses. This is a rare chance to acquire a strategically located commercial lot in a dynamic market. The asking price of $190,000 reflects the exceptional value and potential of this property. Serious inquiries are encouraged to explore the possibilities and secure this prime piece of Havelock real estate. The absence of existing structures provides a blank slate for customized development, tailored to meet specific business needs. Don't miss this opportunity to establish a thriving business in a vibrant community.

    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
    -76.90003
    Latitude
    34.86683

    Comparable in this City

    • $1,700,000
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      Havelock Commercial Land Opportunity

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    • $375,000
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      Havelock Highway Commercial Property

      Prime Havelock location, 850 sq ft building on 0.61 acres.
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    • $859,000
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      Havelock Commercial Building - Great Location

      Large commercial space, ideal for various uses.
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    • Contact for pricing
      5,500 SF

      Turn-Key Metal Building on Corner

      5500 sq/ft metal building on large corner lot.
      806 E Main St, Havelock, NC 28532
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    • $238,000

      Havelock Commercial Hub Opportunity

      Adaptable commercial space in a busy Havelock location.
      508 East Main St, Havelock, NC 28532
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    • $259,000
      7.05 Acres

      Waterfront Acreage on ICW

      7 acres with deep water access and cleared homesite.
      670 Joyner Dr, Havelock, NC 28532
      View Details

    Similar Nearby for Sale

    • $375,000
      850 SF

      Havelock Highway Commercial Property

      Prime Havelock location, 850 sq ft building on 0.61 acres.
      567 Us 70 Hwy, Havelock, NC 28532
      View Details
    • $859,000
      12,407 SF

      Havelock Commercial Building - Great Location

      Large commercial space, ideal for various uses.
      206 Miller Blvd, Havelock, NC 28532
      View Details
    • $1,700,000
      36.00 Acres

      Havelock Commercial Land Opportunity

      36 Acres, Prime Commercial Location
      Fox Ridge Ct, Havelock, NC 28532
      View Details
    • Contact for pricing
      9,661 SF

      Investment Opportunity in Havelock

      Generating $5,300 monthly rental income; both sides occupied.
      600 Fontana Blvd, Havelock, NC 28532
      View Details
    • $679,000

      Havelock Retail/Restaurant Opportunity For Sale

      2,694 SF retail/restaurant building renovated in 2022, highway commercial zoning.
      413 West Main St, 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.

    More about this property
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