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    Residential Homesite in Maple Creek
    $65,000
    0.47 Acres

    Residential Homesite in Maple Creek

    0.47 acre wooded lot backing up to golf course.

    123 October Glory Dr, Wallace, NC 28466
    View details
    Large Homesite in River Landing
    $50,000
    0.69 Acres

    Large Homesite in River Landing

    0.69 acre homesite with water views and mature trees.

    130 Cypress Pt, Wallace, NC 28466
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    Wooded Homesite in River Landing
    $79,900
    0.60 Acres

    Wooded Homesite in River Landing

    0.60-acre wooded residential homesite in a desired community.

    118 Cape Jasmine Ln, Wallace, NC 28466
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    Wooded Homesite in River Landing
    $75,000
    0.65 Acres

    Wooded Homesite in River Landing

    Large wooded lot with pond access in River Landing.

    115 Mimosa Ct, Wallace, NC 28466
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    Residential Land Near River Landing
    Contact for pricing
    0.19 Acres

    Residential Land Near River Landing

    Residential land near fitness center, pool, golf, and clubhouse.

    163 Candlestick Dr, Wallace, NC 28466
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    Residential Land in River Landing
    $45,000
    0.61 Acres

    Residential Land in River Landing

    Residential land for sale in River Landing community.

    211 Riv Rdg Rd Dr, Wallace, NC 28466
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    Residential Land Near River Landing
    $44,500
    0.20 Acres

    Residential Land Near River Landing

    Residential land near fitness center, pool, golf, and clubhouse.

    159 Candlestick Dr, Wallace, NC 28466
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    Elizabethtown Land on West Broad
    $130,000
    1.76 Acres

    Elizabethtown Land on West Broad

    1.76 acre commercial land with road frontage near downtown.

    1501 W Broad St, Elizabethtown, NC 28337
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    Pond Front Lot in Wallace
    $59,999
    0.51 Acres

    Pond Front Lot in Wallace

    Residential lot with pond view, close to community amenities.

    178 Maple Creek Dr, Wallace, NC 28466
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    Greenevers Land Opportunity
    $321,100
    33.80 Acres

    Greenevers Land Opportunity

    33.8 acres near Greenevers, NC, ideal for building.

    1951 Carrtown Dr, Greenevers, NC 28458
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    Residential Land in River Landing
    $45,000
    0.46 Acres

    Residential Land in River Landing

    Beautiful residential lot with golf course views in River Landing.

    105 Legacy Oaks Dr, Wallace, NC 28466
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    Pond-Front Homesite in Gated Community
    $55,000
    0.36 Acres

    Pond-Front Homesite in Gated Community

    0.36-acre pond-front homesite in a desirable gated golf community.

    153 Falls Landing Way, Wallace, NC 28466
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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
    White House Real Estate
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