Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    167 River Ridge Drive Wallace, NC 28466

    View on Map
    For Sale
    $69,500

    LAND - Wallace, NC

    Lot size:
    0.79 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    121
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 167 River Ridge Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    096218
    Lot size
    0.79 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lots 5 & 5A, Phase I, River Landing
    TaxAnnualAmount
    494

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Deans Hackney
    Deans Hackney

    Listing agent Deans Hackney License #298481

    Listing office Howard Hanna Allen Tate|Horizon Realty Group 5710 Oleander Dr, Wilmington, NC

    Listing date Dec 1, 2025

    MLS# 100543434 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.

    Overview

    Residential Land in River Landing

    This 0.79-acre residential lot is located in River Landing, Wallace, NC. The property offers seclusion and convenience, with views of the Northeast Cape Fear River. It is situated in close proximity to the River Landing clubhouse and golf course. The property is zoned for residential use, offering the opportunity to build a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.9246482
    Latitude
    34.7440154

    Nearby Similar for Sale

    • $450,000
      2,800 SF

      Wallace Commercial Opportunity on Hwy 41

      Commercial property in Wallace with building and RV park.
      4509 Carolina 41, Wallace, NC 28466
      View Details
    • $425,000

      Wallace, NC Development Opportunity

      Prime commercial land near Walmart with high visibility and traffic.
      S Nc 41 Hwy, Wallace, NC 28466
      View Details
    • $15,000

      Wooded Homesite in Gated Community

      0.30-acre wooded homesite in River Landing golf community.
      117 Cedar Point Drive, Wallace, NC 28466
      View Details
    • $29,900

      Residential Lot in Gated Community

      Residential lot with resort-style amenities in Wallace, North Carolina.
      121 W Grandiflora Drive, Wallace, NC 28466
      View Details
    • $55,000

      Pond-Front Homesite in Gated Community

      0.36-acre pond-front homesite in a desirable gated golf community.
      153 Falls Landing Way, Wallace, NC 28466
      View Details
    • $52,000

      River Landing Homesite with Golf Views

      Homesite in River Landing with golf course views.
      289 River Ridge Drive, Wallace, NC 28466
      View Details
    • $37,500

      Residential Land with Pond View

      Residential parcel with tranquil sunset view in River Landing.
      178 Sycamore Lakes Drive lot: 985R, Wallace, NC 28466
      View Details
    • $48,000

      Residential Land in River Landing

      Residential lot in a master-planned golf community.
      176 Red Fox Run Drive lot: 99R, Wallace, NC 28466
      View Details
    • $44,900

      Residential Land in River Landing

      Homesite in gated golf community with resort-style amenities.
      121 Maple Creek Drive lot: 135, Wallace, NC 28466
      View Details
    • $39,900

      Residential Lot in Gated Community

      Homesite in amenity-rich community near Wilmington.
      150 Sycamore Lakes Drive lot: 979, Wallace, NC 28466
      View Details
    • $60,000

      Homesite with Lake and Golf Views

      0.39-acre homesite with lake and golf course views.
      152 Legacy Lakes Drive lot: 704, Wallace, NC 28466
      View Details
    • $35,000

      Residential Land in Gated Community

      0.46-acre lot in River Landing, Wallace, NC.
      153 W Winding Way lot: 940R, Wallace, NC 28466
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious lot with river views, close to amenities.
    Where is this residential land & home lot located?
    The property is located at 167 River Ridge Drive Wallace, NC.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: One‑of‑a‑kind lot in River Landing.; Expansive views of the Northeast Cape Fear River.; Close proximity to River Landing clubhouse and golf course.
    (910) 508-6658
    We can help!
    Listing Contact
    Deans Hackney
    Deans Hackney
    Real Estate License ID: 298481
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!