Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pikeville, NC Vacant Land Title is generated by Realmo AI

    00 Pinkney Road, Pikeville, NC 27863

    View on Map
    Claim this Listing
    For Sale
    $125,100

    Vacant Land - Pikeville, NC

    Lot size:
    8.34 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    61
    Last Refresh:
    May 9 at 1:06 pm

    Property Features for 00 Pinkney Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    Portion of 2664869263
    Lot size
    8.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Clifton Holloman

    Listing agent Clifton Holloman

    Listing office National Land Realty, Kinston, NC 776 Casey Rd, Kinston, NC

    Listing date Mar 10, 2026

    MLS# 11675294 Listing URL

    Copyright © 2026 My State MLS. 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 8.34 +/- acre lot with road frontage.
    • Approved for a 4‑bedroom septic system.
    • Combination of build site, farmland (lease potential), and wooded area.
    • Four acres of woods suitable for buffer or hunting.
    • Public water available.
    • Conveniently located less than an hour from Raleigh.

    Overview

    This property features 8.34 +/- acres of vacant land with road frontage on Pinkney Road in Pikeville, NC. A 4-bedroom septic permit is in place. The large lot offers a potential build site and farmland that can be leased to a local row crop farmer. Alternatively, the land could be used to create a hobby farm for horses, cows, and other animals. Four acres of woods at the rear of the property provide a buffer or area for hunting. Public water is available along Pinkney Road. This acreage offers the flexibility of having a build site, farm acreage to lease, and additional acreage to hunt. The property is less than an hour from Raleigh.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Department Store Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.089911
    Latitude
    35.522736

    Nearby Similar for Sale

    • $470,000

      Pikeville Land with River Frontage

      51+ acres of land with Little River frontage.
      209 Buggy Street, Pikeville, NC 27863
      View Details
    • $470,000

      50+ Acres with River Frontage

      50+ acres in Pikeville, NC with Little River frontage.
      209 Buggy Street, Pikeville, NC 27863
      View Details
    • $600,000

      Pikeville Land Subdivision Opportunity

      Shovel-ready residential subdivision with 39 approved lots in Pikeville.
      Wayne Memorial Drive, Pikeville, NC 27863
      View Details
    • $44,500

      Residential Lot in Established Community

      Unrestricted 0.709-acre residential lot near Pikeville, NC.
      Fox Run Drive lot: 4, Pikeville, NC 27863
      View Details
    • $59,999

      Unrestricted Residential Lot in Pikeville

      1.95-acre homesite in established community outside Pikeville, NC.
      Fox Run Drive lot: 6 & 7, Pikeville, NC 27863
      View Details
    • $22,000

      Cleared Lot in Pikeville, NC

      0.4-acre cleared lot with privacy and flexibility.
      105 Carla Ann Drive, Pikeville, NC 27863
      View Details
    • $100,000

      Cleared Land in Pikeville, NC

      4.96+/- acres of cleared land for sale.
      Talton Estates Drive lot: 32, Pikeville, NC 27863
      View Details
    • $81,360

      Pikeville Wooded Lot For Sale

      5.42 +/- acre wooded lot near major highways.
      00 Boyette Pond Road, Pikeville, NC 27863
      View Details
    • $125,000

      Cleared Acres in Talton Estates

      8.92+/- acres of cleared land in Pikeville, North Carolina.
      Talton Estates Drive lot: 33, Pikeville, NC 27863
      View Details
    • $75,000

      Cleared Land in Talton Estates

      3.65 acres of cleared land in Pikeville, North Carolina.
      Talton Estates Drive lot: 31, Pikeville, NC 27863
      View Details
    • $598,000

      Pikeville Land Near Future I-42

      17.8 acres near future I-42 with development potential.
      712 Old Kenly Road, Pikeville, NC 27863
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 8.34 acres with road frontage and 4-bedroom septic permit.
    Where is this agricultural land / farmland located?
    The property is located at 00 Pinkney Road Pikeville, NC.
    What is the asking price?
    The asking price for this property is $125,100.
    What are key features of this property?
    This property features: Large 8.34 +/- acre lot with road frontage.; Approved for a 4‑bedroom septic system.; Combination of build site, farmland (lease potential), and wooded area.
    (919) 634-5432
    We can help!
    Listing Contact
    Clifton Holloman
    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
    00 Pinkney Road, Pikeville, NC 27863
    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!