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

    117 Star Ridge Road Carthage, NC 28327

    View on Map
    Claim this Listing
    New
    For Sale
    $1,500,000

    LAND - Carthage, NC

    Lot size:
    71.96 Acres
    Added:
    May 5, 2026
    Days on Market:
    2
    Last Refresh:
    May 6 at 6:06 pm

    Property Features for 117 Star Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA-40
    Standard status
    Active
    APN
    00000502
    Lot size
    71.96 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Home & McKinnon Land
    Tax Annual Amount
    655

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Debbie Bowman
    Debbie Bowman

    Listing agent Debbie Bowman License #185902

    Listing office Pine and Moore Real Estate 205 Monroe Street, Carthage, NC

    Listing date May 5, 2026

    MLS# 100571717 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

    • 71.96 acres of land with extensive road frontage.
    • Includes two tax parcels (00000502 & 00004367).
    • Land is leveled with cleared areas and a pond.
    • Property has been surveyed.
    • Connected to Moore County Water.
    • Crop lease in place until October 2026 (potential income).

    Overview

    71.96 Acres with Road Frontage

    This property features 71.96 acres of land with extensive road frontage. The listing includes two tax parcels. The land is level with a cleared area that extends toward a pond. An old home on the property contains mold. Debris from the home and a small shed will be removed by the seller. There is an existing buried oil tank and septic tank located near the home. The property is connected to Moore County Water and has been surveyed. A crop lease is currently in place and expires in October 2026. The seller is unable to close until October 19, 2026. The property is part of the Deferred Tax Program, and the new owner will be responsible for paying the deferred taxes if they do not maintain the property in the program. The zoning is RA-40.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Auto Parts Store Food Market Accounting Firm Storage Facility Garden Center Electrical Service Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    County
    Moore
    State
    North Carolina
    Longitude
    -79.4079113
    Latitude
    35.3059858

    Nearby Similar for Sale

    • $59,900

      Carthage Land For Sale

      1.5 acre lot in Carthage, convenient location.
      Simpson Road lot: 3, Carthage, NC 28327
      View Details
    • $59,900

      Carthage Land For Sale

      1.5 acre lot near Pinehurst, Fort Bragg, and Raleigh.
      Simpson Road lot: 2, Carthage, NC 28327
      View Details
    • $34,900

      Waterfront Land in Gated Community

      Land in Carolina Equestrian Village, near Pinehurst, with owner financing.
      Western Trail, Carthage, NC 28327
      View Details
    • $85,000

      Wooded Acreage in Gated Community

      Five-acre wooded lot in Carolina Equestrian Village, Carthage, NC.
      23 Equestrian Lane lot: 23, Carthage, NC 28327
      View Details
    • $150,000

      5-Acre Land in Carthage, NC

      5.24 acre lot perfect for a farmette or retreat.
      Union Church Road lot: 2, Carthage, NC 28327
      View Details
    • $1,125,250

      85 Acres of Land in Carthage

      Land with road frontage, pond, and development potential.
      285 Kelly Road, Carthage, NC 28327
      View Details
    • $35,000

      Land in Carthage, North Carolina

      Residential land for sale in Carthage, Moore County.
      Dowd Road lot: 50/51, Carthage, NC 28327
      View Details
    • $95,000

      5-Acre Wooded Parcel in Carthage

      5-acre wooded parcel in gated equestrian community near Seven Lakes.
      Equestrian Lane lot: 21, Carthage, NC 28327
      View Details
    • $99,900

      Tranquil Wooded Lot For Sale

      6.77+- acre wooded lot perfect for a new home.
      Quiet Oak Road, Carthage, NC 28327
      View Details
    • $39,900

      Wooded Lot in Equestrian Community

      1.78-acre wooded lot in gated equestrian community.
      Breezeway Lane, Carthage, NC 28327
      View Details
    • $899,900

      59.49 Acres of Land

      Land with mature timber, cleared field, and creek-fed pond.
      Barber Road, Carthage, NC 28327
      View Details
    • $15,000

      Residential Lot in Gated Community

      Residential lot in gated equestrian community with amenities.
      15b Winners Circ Lane, Carthage, NC 28327
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land with road frontage, pond, and crop lease in place.
    Where is this agricultural land / farmland located?
    The property is located at 117 Star Ridge Road Carthage, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 71.96 acres of land with extensive road frontage.; Includes two tax parcels (00000502 & 00004367).; Land is leveled with cleared areas and a pond.
    (910) 695-5196
    We can help!
    Listing Contact
    Debbie Bowman
    Debbie Bowman
    Real Estate License ID: 185902
    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
    117 Star Ridge Road, Carthage, NC 28327
    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!