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    For Sale (15)

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    Residential Lot in Dorariel Subdivision
    Contact for pricing
    0.79 Acres

    Residential Lot in Dorariel Subdivision

    Residential land in a private, rural setting.

    N Mccullen Rd, Faison, NC 28341
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    Vacant Lot in Clinton, NC
    Contact for pricing
    0.12 Acres

    Vacant Lot in Clinton, NC

    Vacant lot near shopping, recreation, and schools.

    Pugh Rd, Clinton, NC 28328
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    Wooded Land For Sale
    Contact for pricing
    1.00 Acre

    Wooded Land For Sale

    One acre wooded tract suitable for hunting or timber investment.

    Airport Rd, Garland, NC 28441
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    Wooded Lot in Kenansville, NC
    Contact for pricing
    0.80 Acres

    Wooded Lot in Kenansville, NC

    Wooded lot in the heart of Kenansville, North Carolina.

    W Grove Cir, Kenansville, NC 28349
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    82 Acres of Rural Land
    $355,000
    82.00 Acres

    82 Acres of Rural Land

    Two tracts of land in a quiet, rural setting.

    Old Mintz Hwy, Garland, NC 28441
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    Roseboro Land For Sale
    $69,888
    8.32 Acres

    Roseboro Land For Sale

    8.32-acre tract suitable for residential, hunting, or timber investment.

    Mintz Rd, Roseboro, NC 28382
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    Land in Garland, North Carolina
    Contact for pricing
    4.56 Acres

    Land in Garland, North Carolina

    Vacant land with great possibilities in Garland, North Carolina.

    Cc Rd, Garland, NC 28441
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    Large Acreage Farm and Hunting Land
    $675,000
    160.25 Acres

    Large Acreage Farm and Hunting Land

    160.25 acres of land near Clinton and I-40.

    Waycross Rd, Turkey, NC 28393
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    Vacant Land in Garland, NC
    $53,000
    26.58 Acres

    Vacant Land in Garland, NC

    26.58 acres of vacant agricultural land with great possibilities.

    2 Harrells Hwy, Garland, NC 28441
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    Vacant Land in Garland, NC
    Contact for pricing
    15.78 Acres

    Vacant Land in Garland, NC

    15.78 acres of vacant land with great possibilities.

    1 Harrells Hwy, Garland, NC 28441
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    10-Acre Commercial Land, Clinton, NC
    $225,000
    10.22 Acres

    10-Acre Commercial Land, Clinton, NC

    Prime Clinton location, 10 acres, $225,000.

    45 Rj Ln, Clinton, NC 28328
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    Vacant Fabrication Shop Opportunity
    Contact for pricing
    2,400 SF

    Vacant Fabrication Shop Opportunity

    Vacant fabrication shop with three-phase wiring near I-95.

    5714 Shipman Rd, Hope Mills, NC 28348
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    Unique Land Tract For Sale
    Contact for pricing

    Unique Land Tract For Sale

    Land with rental income potential near schools and amenities.

    45 Rj Ln, Clinton, NC 28328
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    Vacant Land with Possibilities
    Contact for pricing

    Vacant Land with Possibilities

    Vacant land offering great potential for various uses.

    1 Harrells Hwy, Garland, NC 28441
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    Vacant Land With Possibilities
    Contact for pricing

    Vacant Land With Possibilities

    Vacant land available in Garland, North Carolina.

    2 Harrells Hwy, Garland, NC 28441
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    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Southern Heritage Realty LLC
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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
    Southern Heritage Realty LLC
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