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    Ready-to-Build Lots in Solserra
    $70,000
    0.17 Acres

    Ready-to-Build Lots in Solserra

    Seven residential lots in established community, ideal for builders.

    539 Glitter Bay Loop, Shallotte, NC 28470
    View details
    Shallotte, NC Ready-to-Build Lots
    $70,000
    0.17 Acres

    Shallotte, NC Ready-to-Build Lots

    Seven residential lots in Solserra Subdivision, approximately 0.17 acres each.

    537 Glitter Bay Loop, Shallotte, NC 28470
    View details
    222+ Acres Timber Tract
    $949,500
    222.81 Acres

    222+ Acres Timber Tract

    Land with planted pines, ideal for mini-farms or investment.

    Oxford NC 27565 Old Roxboro Rd, Oxford, NC 27565
    View details
    Prime Timber Tract Investment Opportunity
    $696,000
    232.00 Acres

    Prime Timber Tract Investment Opportunity

    232-acre timber tract with road frontage near Greenville, NC.

    Nc-903, Stokes, NC 27884
    View details
    Pitt County Land Investment
    $915,000
    305.00 Acres

    Pitt County Land Investment

    305 acres of land and timber in Pitt County.

    Gum Swamp Church Rd, Greenville, NC 27834
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    Ready-to-Build Lots in Solserra
    $70,000
    0.17 Acres

    Ready-to-Build Lots in Solserra

    Seven residential lots in established community, builder/investor opportunity.

    541 Glitter Bay Loop, Shallotte, NC 28470
    View details
    Shallotte, NC Ready-to-Build Lots
    $70,000
    0.17 Acres

    Shallotte, NC Ready-to-Build Lots

    Seven residential lots in Solserra Subdivision, ideal for builders.

    557 Glitter Bay Loop, Shallotte, NC 28470
    View details
    Shallotte, NC Residential Lots
    $70,000
    0.17 Acres

    Shallotte, NC Residential Lots

    Seven ready-to-build residential lots in Solserra Subdivision.

    555 Glitter Bay Loop, Shallotte, NC 28470
    View details
    Ready-to-Build Lots in Solserra
    $70,000
    0.17 Acres

    Ready-to-Build Lots in Solserra

    Seven residential lots for sale in established Solserra community.

    559 Glitter Bay Loop, Shallotte, NC 28470
    View details
    2.2 Acre Wooded Lot
    $150,000
    2.21 Acres

    2.2 Acre Wooded Lot

    2.2 acre wooded lot in Pittsboro, North Carolina.

    Pittsboro NC 27312 Hamlets Chapel Rd, Pittsboro, NC 27312
    View details
    Shallotte Residential Lots Opportunity
    $70,000
    0.17 Acres

    Shallotte Residential Lots Opportunity

    Seven ready-to-build residential lots in Shallotte, North Carolina.

    551 Glitter Bay Court, Shallotte, NC 28470
    View details

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    Fonville Morisey Realty
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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
    Fonville Morisey Realty
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