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    9968 Lakeside Ter Bullock, NC 27507
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    9968 Lakeside Ter Bullock, NC 27507

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    • Waterfront Land
    For Sale
    $49,000
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    Lakeside Land in Gated Community For Sale
    $49,000
    0.98 Acres

    Lakeside Land in Gated Community

    Tranquil land with deeded boat slip in Bullock, NC.

    9968 Lakeside Terrace, Bullock, NC 27507
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    Property ID
    US53-3220519
    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

    • Waterfront Land

    Property Details for 9968 Lakeside Ter

    Property type
    Waterfront Land

    Description

    Welcome to Jonathan's Landing, an idyllic lake community unfolding in the heart of Bullock, NC. This private haven, encompassing just shy of an acre, provides a tranquil escape within Granville County. Nestled in the Grassy Creek area of Kerr Lake, it finds itself surrounded by well-maintained homes, embodying a shared sense of pride and community. This property, a gem in the making, offers exclusive access to a community dock featuring a deeded personal boat slip, ensuring limitless lakefront adventures. A charming gravel path meanders down to the lake, guiding you to the community dock and a delightful park area – the perfect backdrop for family picnics or social gatherings. Convenience meets serenity, as this retreat is only minutes away from Clarksville, VA, Oxford, NC, and the I-85 corridor. This strategic location strikes a harmonious balance between the peaceful embrace of lakeside living and the accessibility of urban amenities. More than just land, this property is a gateway to a lifestyle defined by tranquility, community spirit, and lakeside enjoyment. Embrace the allure of Jonathan's Landing and step into a world where each day brings a new opportunity to savor the beauty of lakeside living.

    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
    Bullock
    County
    Granville
    State
    North Carolina
    Longitude
    -78.6074699
    Latitude
    36.5382854

    Comparable in this City

    • New
      $225,000
      0.64 Acres

      Kerr Lake Waterfront Land

      Waterfront property on Kerr Lake, suitable for a lake home.
      3107 Piney Pt Dr, Bullock, NC 27507
      View Details
    • $90,000
      3.06 Acres

      Waterfront Land in Bullock, NC

      Three-acre waterfront property on Island Creek Reservoir.
      1135 Peninsula Ln, Bullock, NC 27507
      View Details
    • $575,000
      101.00 Acres

      Waterfront Land - Development Opportunity

      Unrestricted waterfront land with development potential near Kerr Lake.
      147 Peninsula Ln, Bullock, NC 27507
      View Details
    • $46,500
      0.94 Acres

      Land Near Kerr Lake

      Nearly one-acre lot with deeded boat slip near Kerr Lake.
      Lakeside Ter, Bullock, NC 27507
      View Details
    • $49,900
      1.31 Acres

      Kerr Lake Lot with Dock

      1.31 acre lot with deeded community dock slip.
      3007 Lndg Jonathan's, Bullock, NC 27507
      View Details
    • $41,900
      0.99 Acres

      Land with Deeded Kerr Lake Access

      Residential lot with deeded access to Kerr Lake.
      3003 Jonathans Lndg, Bullock, NC 27507
      View Details

    Similar Nearby for Sale

    • New
      $225,000
      0.64 Acres

      Kerr Lake Waterfront Land

      Waterfront property on Kerr Lake, suitable for a lake home.
      3107 Piney Pt Dr, Bullock, NC 27507
      View Details
    • $90,000
      3.06 Acres

      Waterfront Land in Bullock, NC

      Three-acre waterfront property on Island Creek Reservoir.
      1135 Peninsula Ln, Bullock, NC 27507
      View Details
    • $575,000
      101.00 Acres

      Waterfront Land - Development Opportunity

      Unrestricted waterfront land with development potential near Kerr Lake.
      147 Peninsula Ln, Bullock, NC 27507
      View Details
    • $46,500
      0.94 Acres

      Land Near Kerr Lake

      Nearly one-acre lot with deeded boat slip near Kerr Lake.
      Lakeside Ter, Bullock, NC 27507
      View Details
    • $49,900
      1.31 Acres

      Kerr Lake Lot with Dock

      1.31 acre lot with deeded community dock slip.
      3007 Lndg Jonathan's, Bullock, NC 27507
      View Details
    • $41,900
      0.99 Acres

      Land with Deeded Kerr Lake Access

      Residential lot with deeded access to Kerr Lake.
      3003 Jonathans Lndg, Bullock, NC 27507
      View Details
    View Listing
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    Bullock, NC 27507
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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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