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    For Sale (23)

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    77 Acres of Land
    $929,400
    77.45 Acres

    77 Acres of Land

    77 acres in Elm City, convenient to highways and airport.

    London Church Rd, Elm City, NC 27822
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    Pinetops Farm Land For Sale
    $1,243,600
    124.36 Acres

    Pinetops Farm Land For Sale

    124.36 acre farm in a convenient location.

    Nc Highway 42 E, Pinetops, NC 27864
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    Residential Development Land in Bailey, NC
    $1,000,000
    25.60 Acres

    Residential Development Land in Bailey, NC

    25.6 acre residential development tract with frontage and great location.

    6243 Eatmon Rd, Bailey, NC 27807
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    Elm City Commercial Land
    $1,100,000
    22.00 Acres

    Elm City Commercial Land

    22-acre commercial land with potential for rezoning.

    301 Hwy N, Elm City, NC 27822
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    Elm City Land For Sale
    $750,000
    15.00 Acres

    Elm City Land For Sale

    15 acre commercial land tract in Elm City, North Carolina.

    301 Hwy N, Elm City, NC 27822
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    Elm City Development Land
    $920,000
    23.00 Acres

    Elm City Development Land

    23-acre development land in Elm City, North Carolina.

    301 Hwy N, Elm City, NC 27822
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    Elm City Land For Sale
    $720,000
    18.00 Acres

    Elm City Land For Sale

    18-acre commercial land tract with highway access in Elm City.

    301 Hwy N, Elm City, NC 27822
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    Waterfront Land in Stanton Landing
    $499,000
    0.66 Acres

    Waterfront Land in Stanton Landing

    Build your dream home on this Intracoastal Waterway lot.

    112 Waterway Dr, Beaufort, NC 28516
    View details
    Residential Development Land For Sale
    $425,000
    38.00 Acres

    Residential Development Land For Sale

    38-acre residential development tract in Rocky Mount, North Carolina.

    E Nc 97 Hwy, Rocky Mount, NC 27803
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    Residential Development Land in Sims
    $149,000
    4.78 Acres

    Residential Development Land in Sims

    4.78 acre residential development tract with frontage on Flat Rock Road.

    Tract Flt Rock Rd, Sims, NC 27880
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    Residential Land in Sims, NC
    $149,000
    5.65 Acres

    Residential Land in Sims, NC

    5.65-acre residential development tract with road frontage.

    Tract Flt Rock Rd, Sims, NC 27880
    View details
    Residential Lot in Morganshire
    $80,000
    1.01 Acres

    Residential Lot in Morganshire

    Residential building lot in Nash County, convenient to major cities.

    Roseheath Ct, Bailey, NC 27807
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    Residential Lot in Morganshire
    $70,000
    0.73 Acres

    Residential Lot in Morganshire

    Residential building lot in Nash County, convenient to major cities.

    Roseheath Ct, Bailey, NC 27807
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    Residential Lot with Pond
    $130,000
    3.23 Acres

    Residential Lot with Pond

    3.23-acre residential lot with pond in Battleboro, NC.

    4 Bynum Pond Ct, Battleboro, NC 27809
    View details
    Rocky Mount Land For Sale
    $714,400
    17.86 Acres

    Rocky Mount Land For Sale

    17.86 acre commercial land near CSX Intermodal in Rocky Mount.

    Fenner Rd, Rocky Mount, NC 27804
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    Commercial Land I-95 Interchange
    $900,000
    18.99 Acres

    Commercial Land I-95 Interchange

    Commercial land tract at a busy I-95 interchange.

    Hayes Pl NW, Wilson, NC 27893
    View details
    Waterfront Land in Nashville, NC
    $400,000
    8.50 Acres

    Waterfront Land in Nashville, NC

    8.5-acre waterfront property on Sapony Creek/Tar River.

    1 Leon Rd, Nashville, NC 27856
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    Nashville, NC Land For Sale
    $400,000
    10.29 Acres

    Nashville, NC Land For Sale

    10+- acre lot with clear and wooded areas.

    Leon Rd, Nashville, NC 27856
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    Wilson County 0.95-Acre Lot
    $65,000
    0.95 Acres

    Wilson County 0.95-Acre Lot

    0.95-acre lot with well, water hookup, and septic.

    8806 Revell Rd, Kenly, NC 27542
    View details
    Bailey, NC Farm Land
    $803,600
    40.18 Acres

    Bailey, NC Farm Land

    40.18 acre farm for residential development or dream home.

    3749 Strickland Rd, Bailey, NC 27807
    View details
    Agricultural Land in Bailey, NC
    $1,006,400
    50.32 Acres

    Agricultural Land in Bailey, NC

    50.32 acres suitable for residential development or farming.

    3355 Strickland Rd, Bailey, NC 27807
    View details
    Residential Development Land For Sale
    $600,000
    20.00 Acres

    Residential Development Land For Sale

    20-acre residential development land available in Battleboro, North Carolina.

    N Browntown Rd, Battleboro, NC 27809
    View details
    Waterfront Lot in Stanton Landing
    $499,000

    Waterfront Lot in Stanton Landing

    Build your dream home on this Intracoastal Waterway lot.

    112 Waterway Dr, Beaufort, NC 28516
    View details

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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
    Stone Auction & Realty
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