Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Gated Community Title is generated by Realmo AI

    118 Otter Drive, West End, NC 27326

    View on Map
    Claim this Listing
    For Sale
    $65,000

    LAND - West End, NC

    Lot size:
    0.52 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    49
    Last Refresh:
    May 20 at 5:06 am

    Property Features for 118 Otter Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    CornerLot, Playground
    Standard status
    Active
    APN
    8524-06-38-5451
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Description
    SEVEN LAKES WEST LOT 4153 SECEDGEWOOD

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    KADESHA KEARNS

    Listing agent KADESHA KEARNS License #312939

    Listing office NORTHGROUP REAL ESTATE 3035 BOONE TRAIL EXT. SUITE N, Fayetteville, NC

    Listing date Apr 2, 2026

    MLS# 760075 Listing URL

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Build your dream home in the desirable, gated community of Seven Lakes West.
    • Beautiful cove lot with peaceful water views, offering a more private and serene setting.
    • Walking distance to community center, pool, playground, tennis and basketball courts, scenic walking trails, and community library.
    • Convenient access to the community entrance.
    • Close proximity to highways, dining, and everyday essentials.
    • Exterior features include a corner lot and playground.

    Overview

    This 0.52-acre lot presents an opportunity to build a home within the gated community of Seven Lakes West. The property is a cove lot with water views, offering a private setting. It is located within walking distance of the community center, pool, playground, tennis and basketball courts, walking trails, and a community library. The property also offers convenient access to the community entrance, highways, dining, and everyday essentials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West End
    County
    Moore
    State
    North Carolina
    Longitude
    -79.5464
    Latitude
    36.4355

    Nearby Similar for Sale

    • $83,000

      West End Double Lot

      0.93 acre double lot near Seven Lakes West East gate.
      445 Longleaf Drive lot: 5583R, West End, NC 27376
      View Details
    • $175,000

      Expansive Land in McLendon Hills

      3.5-acre homesite in amenity-rich equestrian community near Pinehurst.
      265 Broken Ridge Trail lot: 265, West End, NC 27376
      View Details
    • $425,000

      Waterfront Lot on Lake Auman

      Oversized 0.73 acre lot with 4 bedroom septic permit.
      137 Callis Circle lot: 3393, West End, NC 27376
      View Details
    • $125,000

      Waterfront Land in Gated Community

      1.14 acre waterfront lot in McLendon Hills.
      190 Beths Point lot: 149, West End, NC 27376
      View Details
    • $95,000

      West End Land Opportunity

      Three acre lot near Pinehurst, North Carolina.
      Murdocksville Road, West End, NC 27376
      View Details
    • $45,000

      West End Homesite in Stones Throw

      0.95 acre homesite in desirable Stones Throw neighborhood.
      145 Millstone Court lot: 15, West End, NC 27376
      View Details
    • $1,090,000
      7,400 SF

      Commercial Buildings Bundle with Extra Lot

      Two commercial buildings plus an adjacent lot in West End.
      4235 SEVEN LAKES PLAZA, West End, NC 27376
      View Details
    • $40,000

      West End Homesite Lot

      Homesite in Stones Throw neighborhood with lake access.
      125 Millstone Court lot: 125, West End, NC 27376
      View Details
    • $69,000

      Cleared Lot Ready for Home

      1.5 acre cleared lot in West End, North Carolina.
      880 Doubs Chapel Road lot: 1A, West End, NC 27376
      View Details
    • $69,000

      Cleared Lot Ready for Home

      1.5 acre cleared lot in West End, North Carolina.
      880 Doubs Chapel Road lot: 1B, West End, NC 27376
      View Details
    • $55,000

      West End Land Opportunity

      2+ acre wooded lot in Stonesthrow Subdivision, West End.
      221 Pebble Drive, West End, NC 27376
      View Details
    • $65,000

      Homesite in Seven Lakes West

      Residential land in desirable Seven Lakes West community.
      123 James Drive, West End, NC 27376
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home in Seven Lakes West!
    Where is this residential land & home lot located?
    The property is located at 118 Otter Drive West End, NC.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Build your dream home in the desirable, gated community of Seven Lakes West.; Beautiful cove lot with peaceful water views, offering a more private and serene setting.; Walking distance to community center, pool, playground, tennis and basketball courts, scenic walking trails, and community library.
    (910) 690-2141
    We can help!
    Listing Contact
    KADESHA KEARNS
    Real Estate License ID: 312939
    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
    118 Otter Drive, West End, NC 27326
    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!