Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Lot in Princeton School Title is generated by Realmo AI

    101 Eddie Drive lot 4A, Princeton, NC 27569

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 101 Eddie Drive lot 4A, Princeton, NC
    For Sale
    $111,550

    LAND - Princeton, NC

    Lot size:
    1.01 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    265
    Last Refresh:
    May 20 at 9:06 am

    Property Features for 101 Eddie Drive lot 4A

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RAG
    Standard status
    Active
    APN
    264300-92-6958
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L4a W E Ormond Pb31/337 264300-118

    We can help!

    Listing Contact
    Beth Hines
    Beth Hines

    Listing agent Beth Hines License #192858

    Listing office RE/MAX Southland Realty II 5160 Veterans Parkway, Garner, NC

    Listing date Aug 29, 2025

    MLS# 100527981 Listing URL

    Copyright © 2026 Hive 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

    • 1.01‑acre lot in the highly desired Princeton School District.
    • Mobile home in place offers immediate use or rental potential.
    • Option to replace mobile home with a new manufactured or stick‑built home.
    • Utilities are already in place.
    • Conveniently close to Princeton, Goldsboro, and the US‑70 Bypass.
    • Easy commute to Smithfield or Raleigh.

    Overview

    This property features a spacious 1.01-acre lot located in the Princeton School District. It includes a mobile home, providing immediate use, rental potential, or the option to replace it with a new manufactured or stick-built home. The property offers ample space and the charm of country living, while remaining conveniently close to Princeton, Goldsboro, and the US-70 Bypass, facilitating commutes to Smithfield or Raleigh. This is an opportunity for buyers seeking land with utilities in place and flexible living options. The property is available for cash or conventional loan only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Furniture & Home Goods Travel Agency Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.160857
    Latitude
    35.486519

    Nearby Similar for Sale

    • $350,000
      5,198 SF

      Princeton Commercial Opportunity For Sale

      Versatile commercial property in high-traffic Princeton location, ready for customization.
      101 Dr Donnie H Jones Jr Boulevard W, Princeton, NC 27569
      View Details
    • $190,000

      Equestrian-Ready 3-Acre Fenced Parcel

      3-acre parcel ideal for equestrian use or mini-farm.
      52 Fellowship Church Road, Princeton, NC 27569
      View Details
    • $117,516

      Land with Mobile Home

      2.6 acres in Princeton school district with mobile home.
      2057 Old Rock Quarry Road, Princeton, NC 27569
      View Details
    • $190,000

      Equestrian-Ready 3-Acre Parcel

      Fenced 3-acre parcel with utilities, ideal for equestrian use.
      52 Fellowship Church Road, Princeton, NC 27569
      View Details
    • $775,000
      24,200 SF

      Highway 70 Commercial Warehouse

      22,400 SF warehouse on 4.24 acres with ample parking.
      9710 Us-70, Princeton, NC 27569
      View Details
    • $53,253

      Vacant Lot in Princeton, NC

      0.38 acre vacant lot in Princeton school district.
      Old Rock Quarry Road, Princeton, NC 27569
      View Details
    • $180,000

      Residential Land in Princeton, NC

      4.113 acres in the Princeton School District.
      Long Leaf Road, Princeton, NC 27569
      View Details
    • $111,550

      Single Wide Mobile Home

      Single wide mobile home on .28 acre lot.
      116 Linda Street, Princeton, NC 27569
      View Details
    • $225,000

      17 Acres in Princeton, NC

      17+ acre lot in Princeton school district.
      Pendergrass Drive, Princeton, NC 27569
      View Details
    • $32,000

      Commercial Land in Princeton, NC

      Commercial land with road frontage, suitable for small business.
      4717 E U.S. 70 E, Princeton, NC 27569
      View Details
    • $225,000

      17 Acres in Princeton, NC

      17+ acres in Princeton school district with endless possibilities.
      Pendergrass Drive, Princeton, NC 27569
      View Details
    • $111,550

      Single Wide Mobile Home

      Single wide mobile home on .28 acre lot.
      116 Linda Street, Princeton, NC 27569
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.01-acre lot with mobile home in Princeton, NC.
    Where is this residential land & home lot located?
    The property is located at 101 Eddie Drive lot 4A Princeton, NC.
    What is the asking price?
    The asking price for this property is $111,550.
    What are key features of this property?
    This property features: 1.01‑acre lot in the highly desired Princeton School District.; Mobile home in place offers immediate use or rental potential.; Option to replace mobile home with a new manufactured or stick‑built home.
    (919) 868-6316
    We can help!
    Listing Contact
    Beth Hines
    Beth Hines
    Real Estate License ID: 192858
    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
    101 Eddie Drive lot: 4A, Princeton, NC 27569
    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!