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    For Sale (27)

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    Pikeville Land Subdivision Opportunity
    $741,000
    30.27 Acres

    Pikeville Land Subdivision Opportunity

    Shovel-ready residential subdivision with 39 approved lots in Pikeville.

    Wayne Memorial Dr, Pikeville, NC 27863
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    Land in Gated Golf Community
    $41,000
    0.60 Acres

    Land in Gated Golf Community

    Corner lot in award-winning River Landing golf community.

    264 Red Fox Run Dr, Wallace, NC 28466
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    29 Acres in Red Oak
    $152,000
    29.85 Acres

    29 Acres in Red Oak

    29+ acre property in a peaceful, country setting.

    Ethridge Rd, Whitakers, NC 27891
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    Homesite in Southern Nash School
    $39,900
    0.73 Acres

    Homesite in Southern Nash School

    0.73 acre homesite in Southern Nash School district.

    Bryantown Rd, Spring Hope, NC 27882
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    Income-Producing Duplex in Rocky Mount
    $144,500
    1,870 SF

    Income-Producing Duplex in Rocky Mount

    Fully rented duplex offering immediate cash flow in Rocky Mount.

    400 Midway St, Rocky Mount, NC 27801
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    Highway 70-A Commercial Opportunity
    $89,900
    0.43 Acres

    Highway 70-A Commercial Opportunity

    0.43 acre commercial property with building and storage.

    3786 Us-70 Alt, Princeton, NC 27569
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    Raleigh Land with Development Potential
    $2,400,000
    10.00 Acres

    Raleigh Land with Development Potential

    10-acre parcel suitable for residential, commercial, or special use.

    408 Johnston Rd, Raleigh, NC 27603
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    Land in Spring Hope, NC
    $55,000
    1.69 Acres

    Land in Spring Hope, NC

    1.69-acre land parcel with town water and sewer hookups.

    N Big Woods Rd, Spring Hope, NC 27882
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    Raleigh Land with Development Potential
    $2,400,000
    10.00 Acres

    Raleigh Land with Development Potential

    10-acre lot near I-40, suitable for residential or commercial development.

    408 Johnston Rd, Raleigh, NC 27603
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    Riverfront Acreage on Tar River
    $75,000
    8.52 Acres

    Riverfront Acreage on Tar River

    8.5 acres of riverfront land with development potential.

    7303 River Glenn Rd, Rocky Mount, NC 27803
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    Lake Royale Weekend Retreat
    $75,000
    0.28 Acres

    Lake Royale Weekend Retreat

    Weekend retreat near Lake Royale amenities in Louisburg, North Carolina.

    108 Geronimo Dr, Louisburg, NC 27549
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    Cleared Land with Spacious Garage
    $89,900
    2.47 Acres

    Cleared Land with Spacious Garage

    2.47-acre parcel with garage, ideal for residential or recreational use.

    12183 Us Highway 258, Macclesfield, NC 27852
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    Gaston, NC Land For Lease
    $165,000
    1.97 Acres

    Gaston, NC Land For Lease

    Land available for lease in Gaston, North Carolina.

    Wrays Ct, Gaston, NC 27832
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    Lake Royale Corner Lot
    $42,000
    0.36 Acres

    Lake Royale Corner Lot

    Corner lot in Lake Royale with septic and water hookup.

    121 Mustang Dr, Louisburg, NC 27549
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    Secluded Wooded Tract For Sale
    $299,500
    51.97 Acres

    Secluded Wooded Tract For Sale

    52 acre wooded tract perfect for homesite or recreation.

    4431 Winbourne Rd, Nashville, NC 27856
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    Battleboro Homesite on N Road
    $34,500
    1.04 Acres

    Battleboro Homesite on N Road

    1.04-acre homesite ready for development in Battleboro, North Carolina.

    N Browntown Rd, Battleboro, NC 27809
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    Battleboro Homesite on 1.977 Acres
    $49,500
    1.98 Acres

    Battleboro Homesite on 1.977 Acres

    Spacious 1.977-acre homesite ready for development in Battleboro, NC.

    N Browntown Rd, Battleboro, NC 27809
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    Battleboro Homesite on 1.423 Acres
    $39,500
    1.42 Acres

    Battleboro Homesite on 1.423 Acres

    1.423-acre homesite ready for custom home development.

    N Browntown Rd, Battleboro, NC 27809
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    Battleboro Homesite Ready For Development
    $49,500
    1.98 Acres

    Battleboro Homesite Ready For Development

    1.968-acre homesite in Battleboro, design and build your dream home.

    N Browntown Rd, Battleboro, NC 27809
    View details
    Unrestricted Wooded Lot For Sale
    Contact for pricing
    0.46 Acres

    Unrestricted Wooded Lot For Sale

    0.46-acre wooded parcel suitable for building a custom home.

    Us Highway 258 S, Tarboro, NC 27886
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    Expansive Land Parcel in Zebulon
    $320,000
    10.59 Acres

    Expansive Land Parcel in Zebulon

    Over ten acres to design your lifestyle as you envision it.

    Boarder Creek Ln, Zebulon, NC 27597
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    Residential Land in Pikeville, NC
    $741,000
    30.27 Acres

    Residential Land in Pikeville, NC

    39 residential lots ready for construction in Pikeville, NC.

    Wayne Memorial Dr, Pikeville, NC 27863
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    Land in Tranquil Community
    $399,000
    5.30 Acres

    Land in Tranquil Community

    Spacious lots for custom home in serene, secluded community.

    Braxton Rdg Ln, Spring Hope, NC 27882
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    Rocky Mount Duplex with Income
    $89,500
    2,037 SF

    Rocky Mount Duplex with Income

    Duplex in Rocky Mount featuring two units for versatile living.

    1412 Old Wilson Rd, Rocky Mount, NC 27801
    View details
    Vacant Lot in Princeton District
    $75,000
    0.75 Acres

    Vacant Lot in Princeton District

    Vacant lot in Summer Wynds, Princeton School District.

    2400 Wc Braswell Rd, Smithfield, NC 27577
    View details
    Residential Lot in Elm City
    Contact for pricing
    0.51 Acres

    Residential Lot in Elm City

    0.51-acre lot for stick-built or modular homes.

    104 Bobbie St, Elm City, NC 27822
    View details
    Corner Lot in Golf Community
    $41,000

    Corner Lot in Golf Community

    Large corner lot in gated golf community near Wilmington.

    264 Red Fox Run Dr, Wallace, NC 28466
    View details

    For Lease (1)

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    Industrial Building with I-90 Frontage
    Contact for pricing

    Industrial Building with I-90 Frontage

    211,750 SF industrial space for lease in growing Chicagoland community.

    14200 Commerce Ct, Huntley, IL 60142
    View details

    Leases and Sales on Map

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    EXP Realty LLC - C
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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
    EXP Realty LLC - C
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