Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Walnut Cove Residential Lot Title is generated by Realmo AI

    0-0-0 2nd Street, Walnut Cove, NC 27052

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Walnut Cove, NC

    Type:Single Family Residence
    Lot size:
    0.42 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    34
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 0-0-0 2nd Street

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R-6
    Standard status
    Pending
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Description
    LO:1 PL:2-259

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Kent Hunter
    Kent Hunter

    Listing agent Kent Hunter License #268274

    Listing office Kent Hunter Realty LLC King, NC

    Listing date Apr 19, 2026

    MLS# 1214521 Listing URL

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large .418 acre lot in Downtown Walnut Cove
    • Ideal location for building a custom home
    • Walking distance to downtown amenities
    • Public Water available
    • Public Sewer available
    • Wooded lot

    Overview

    This 0.418-acre lot is located in downtown Walnut Cove, North Carolina. The property is currently wooded and presents an opportunity to construct a new custom home within walking distance of downtown amenities. Public water and public sewer services are available, according to comments from the Walnut Cove Planning Department.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Cove
    County
    Stokes
    State
    North Carolina
    Longitude
    -80.13855
    Latitude
    36.29426

    Nearby Similar for Sale

    • $274,500
      2,680 SF

      Retail/Office Building in Walnut Cove

      2680 SF building suitable for retail, medical, or office use.
      201 Fourth Street, Walnut Cove, NC 27052
      View Details
    • $95,000

      Secluded Land Near Walnut Cove

      Rural land near Walnut Cove, NC, ideal for building.
      John Harger Road, Walnut Cove, NC 27052
      View Details
    • $48,500

      Walnut Cove Agricultural Land Available

      1.17 acre agricultural land in Walnut Cove, North Carolina.
      7250 Dennis Road, Walnut Cove, NC 27052
      View Details
    • $65,000

      Walnut Cove Land For Sale

      3.42+/- acre lot, ready for building or manufactured home.
      Dodgetown Road, Walnut Cove, NC 27052
      View Details
    • $37,500

      Stokes County Land For Sale

      Undeveloped land in Walnut Cove, NC, ideal for homesite.
      Carey Lane, Walnut Cove, NC 27052
      View Details
    • $325,000

      Prime Commercial Parcel in Walnut Cove

      Premier commercial land with high visibility and development potential.
      1125 Main Street, Walnut Cove, NC 27052
      View Details
    • $90,000

      Land in Walnut Cove, NC

      6.79 acres with stream, wildlife, and road frontage.
      1827 US HIGHWAY 311, Walnut Cove, NC 27052
      View Details
    • $179,000

      Vacant Land in Walnut Cove

      Commercially zoned land in a growing community.
      S Main Street, Walnut Cove, NC 27052
      View Details
    • $22,900

      Walnut Cove Building Lot

      Road frontage on Hwy 8, convenient location, rural atmosphere.
      N NC Highway 8, Walnut Cove, NC 27052
      View Details
    • $30,000

      Land in Walnut Cove, NC

      Residential land available in Walnut Cove, North Carolina.
      5491 Lake Woussicket Road, Walnut Cove, NC 27052
      View Details
    • $90,000

      6.79 Acres of Land

      Land with stream access and road frontage on Hwy 311.
      1827 US HIGHWAY 311, Walnut Cove, NC 27052
      View Details
    • $490,000

      Veterinary Hospital Opportunity

      Veterinary hospital with equipment and established client base for sale.
      1020 Alamo Drive, Walnut Cove, NC 27052
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot suitable for custom home construction in Walnut Cove.
    Where is this residential land & home lot located?
    The property is located at 0-0-0 2nd Street Walnut Cove, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large .418 acre lot in Downtown Walnut Cove; Ideal location for building a custom home; Walking distance to downtown amenities
    (336) 682-4075
    We can help!
    Listing Contact
    Kent Hunter
    Kent Hunter
    Real Estate License ID: 268274
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0-0-0 2nd Street, Walnut Cove, NC 27052
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!