Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    108 Peewee Murphy Lane lot #6 Richlands, NC 28574

    View on Map
    Claim this Listing
    For Sale
    $190,000

    LAND - Richlands, NC

    Lot size:
    5.21 Acres
    Added:
    Mar 5, 2025
    Days on Market:
    427
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for 108 Peewee Murphy Lane lot #6

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active
    APN
    175410
    Lot size
    5.21 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    L6 Weston Subdivision S/F 54-11.15, 063438

    Utilities

    Utilities
    Cable Available
    Water source
    Well

    We can help!

    Listing Contact
    Mary Risley

    Listing agent Mary Risley License #326794

    Listing office Coldwell Banker Sea Coast Advantage 1012 Henderson Dr, Jacksonville, NC

    Listing date Mar 5, 2025

    MLS# 100492499 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

    • No city taxes and no HOA fees.
    • Perc tested for 4 bedrooms, suitable for building a home.
    • County water lines are already brought to the lot.
    • Two functioning wells are present, ideal for irrigation.
    • Located in a small, quiet subdivision with only 6 lots and no through streets.
    • Close proximity to shopping, military base, and schools.

    Overview

    Richlands Land: Build Your Dream

    This 5.21-acre lot in Richlands, NC, offers an ideal location to build a dream home. Situated in a small subdivision with only 6 lots, the property provides a country setting without city taxes and through streets. The lot has been perc tested for 4 bedrooms, and county water lines have been brought to the lot. There are also 2 functioning wells suitable for watering lawns, gardens, or livestock. Located not far from shopping, the base, and schools, this property offers convenience without Home Owners Association fees. This location is suited for building a country oasis, with or without animals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Richlands
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.5853
    Latitude
    34.8714

    Nearby Similar for Sale

    • $1,600,000

      Prime Commercial Land in Richlands

      C-2 Zoned commercial land in the heart of Richlands, NC.
      135 Koonce Fork Road, Richlands, NC 28574
      View Details
    • $995,000

      Development Opportunity in Richlands, NC

      36+ acres ideal for mixed-use development along Highway 258.
      978 Kinston Highway, Richlands, NC 28574
      View Details
    • $400,000

      Richlands Land with Development Potential

      Versatile land near Richlands, NC, ideal for development or recreation.
      Remington Way lot: 2, Richlands, NC 28574
      View Details
    • $999,000

      298+ Acres Timberland Near Jacksonville

      Timberland tract ideal for recreation, investment, or timber management.
      0 Comfort Road, Richlands, NC 28574
      View Details
    • $424,990

      Unrestricted Land with Timber Investment

      96.96 acres of unrestricted land, ideal for timber investment.
      Tract 1 Barbee Road, Richlands, NC 28574
      View Details
    • $78,000

      Richlands Land For Sale

      2-acre parcel in Richlands, NC with septic permit.
      257 Fire Tower Road, Richlands, NC 28574
      View Details
    • $58,450

      Richlands, NC Acreage Lot

      1.12 acre partially cleared lot in Richlands neighborhood.
      313 Otter Creek Court, Richlands, NC 28574
      View Details
    • $475,000

      Highway Frontage Commercial Land

      Commercial land with highway frontage in a growing city.
      00000 Highway 258, Richlands, NC 28574
      View Details
    • $485,000

      Cleared Commercial Land For Sale

      Commercial land with level topography, configurable to buyer's needs.
      000 Richlands Highway, Richlands, NC 28574
      View Details
    • $225,000

      Richlands Wooded Land For Sale

      34.7 acres of wooded land with development potential.
      150 Mattie Lane, Richlands, NC 28574
      View Details
    • $285,000

      Richlands Land For Sale

      37.5 acres of cutover land in Richlands, North Carolina.
      009854 Huffmantown Road, Richlands, NC 28574
      View Details
    • $475,000

      Commercial Land in Growing City

      Prime commercial property with highway frontage in a fast-growing city.
      Highway 258, Richlands, NC 28574
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.21 acre lot ready for your dream home!
    Where is this residential land & home lot located?
    The property is located at 108 Peewee Murphy Lane lot #6 Richlands, NC.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: No city taxes and no HOA fees.; Perc tested for 4 bedrooms, **suitable for building a home**.; County water lines are already brought to the lot.
    (910) 459-7886
    We can help!
    Listing Contact
    Mary Risley
    Real Estate License ID: 326794
    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
    108 Peewee Murphy Lane lot: #6, Richlands, NC 28574
    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!