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    129 Savannah Circle Roanoke Rapids, NC 27870

    View on Map
    For Sale
    $229,900

    Residential/Vacation - Roanoke Rapids, NC

    Type:Farm
    Property size:
    1,152 SF
    Lot size:
    0.09 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for 129 Savannah Circle

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Residential
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking
    1
    Parking features
    Garage
    Security features
    Security System
    Interior features
    Cathedral Ceilings, Trey Ceilings, Window Treatments, Walk-in Closet(s), Hot Tub/Whirlpool Tub, Work Island, Smoke Alarm, Washer &/Or Dryer Hookup, Open Foyer, Security System, Cable Tv Available, Garage Door Opener, Wheelchair Accessible
    Exterior features
    Concrete Drive, Clubhouse, Paved Road
    Fireplace
    1
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    1,152 SF
    Lot size
    0.09 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Fireplace(s), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Betty Harris
    Betty Harris

    Listing agent Betty Harris

    Listing office Wilkie Real Estate 712 Roanoke Ave, Roanoke Rapids, NC

    Listing date Mar 23, 2026

    MLS# 141826 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Townhome with Modern Features

    This immaculate townhome features 2 bedrooms and 2 bathrooms, with upgrades throughout. High-end luxury plank flooring and warm pastel colors enhance the interior. The kitchen includes cabinetry, countertops with ceramic tile backsplash, a farm style sink, and updated stainless steel appliances, including a dishwasher installed in 2025. Modern light fixtures and remote-controlled ceiling fans are present throughout the home. A gas log fireplace is flanked by built-in bookcases. The primary bedroom suite features a tray ceiling and natural light, with 2 new vanities, a jetted tub, and a walk-in closet in the bathroom. A sunroom overlooks the landscaped back and side yards. The roof was replaced in 2025 and includes a 50-year warranty. The property offers a low-maintenance lifestyle. The lot size is 0.089 acres. The property size is 1152 square feet. It is located in Roanoke Rapids, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke Rapids
    County
    Halifax
    State
    North Carolina
    Longitude
    -77.6501867
    Latitude
    36.4278777

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    FAQs

    What type of property is this?
    Single family property - Immaculate 2-bedroom townhome with high-end upgrades and low maintenance.
    Where is this single family property located?
    The property is located at 129 Savannah Circle Roanoke Rapids, NC.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: New roof (2025) with a 50‑year warranty; Updated kitchen with stainless steel appliances and ceramic tile backsplash; Primary bedroom suite featuring a tray ceiling, 2 new vanities, a jetted tub, and a walk‑in closet
    (252) 578-9012
    We can help!
    Listing Contact
    Betty Harris
    Betty Harris
    Learn More
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    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
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