Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    50+ Acres with River Frontage Title is generated by Realmo AI

    209 Buggy Street, Pikeville, NC 27863

    View on Map
    Claim this Listing
    For Sale
    $460,000

    LAND - Pikeville, NC

    Lot size:
    51.05 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    47
    Last Refresh:
    May 30 at 5:06 pm

    Property Features for 209 Buggy Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    5221
    Standard status
    Active
    APN
    2682026790
    Lot size
    51.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    BUGGY ST

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    Beth Hines
    Beth Hines

    Listing agent Beth Hines License #192858

    Listing office RE/MAX Southland Realty II 5160 Veterans Parkway, Garner, NC

    Listing date Apr 14, 2026

    MLS# 100567013 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

    • Over 50 acres of land with Little River frontage
    • No covenants, offering unrestricted use of the property
    • Combination of open, cleared land and wooded areas
    • Private location on Buggy Street in Wayne County
    • Large storage building included
    • Convenient commute to Raleigh, Goldsboro, and Wilson; water available

    Overview

    This property offers over 50 acres with frontage along the Little River in the Pikeville area. The land features a blend of open, cleared areas and wooded sections. Located on Buggy Street, the property provides privacy while still offering a commute to Raleigh, Goldsboro, and Wilson. The possibilities include building a custom home, starting a mini farm, or bringing horses. The property features multiple cleared areas ready for a homesite, pasture, or future expansion, along with mature trees. A large storage building conveys with the property, suitable for equipment, tools, or workshop use. The property is located in Wayne County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Department Store HVAC Service Computer & Electronic Repair Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.059724
    Latitude
    35.461398

    Nearby Similar for Sale

    • $600,000

      Pikeville Land Subdivision Opportunity

      Shovel-ready residential subdivision with 39 approved lots in Pikeville.
      Wayne Memorial Drive, Pikeville, NC 27863
      View Details
    • $460,000

      Pikeville Land with River Frontage

      51+ acres of land with Little River frontage.
      209 Buggy Street, Pikeville, NC 27863
      View Details
    • $125,100

      Pikeville, NC Vacant Land

      8.34 acres with road frontage and 4-bedroom septic permit.
      00 Pinkney Road, Pikeville, NC 27863
      View Details
    • $600,000

      Pikeville, NC Residential Land

      39 residential lots ready for infrastructure development in Pikeville, NC.
      Wayne Memorial Drive lot: 1-39, Pikeville, NC 27863
      View Details
    • $59,999

      Unrestricted Residential Lot in Pikeville

      1.95-acre homesite in established community outside Pikeville, NC.
      Fox Run Drive lot: 6 & 7, Pikeville, NC 27863
      View Details
    • $100,000

      Cleared Land in Pikeville, NC

      4.96+/- acres of cleared land for sale.
      Talton Estates Drive lot: 32, Pikeville, NC 27863
      View Details
    • $44,500

      Residential Lot in Established Community

      Unrestricted 0.709-acre residential lot near Pikeville, NC.
      Fox Run Drive lot: 4, Pikeville, NC 27863
      View Details
    • $125,000

      Cleared Acres in Talton Estates

      8.92+/- acres of cleared land in Pikeville, North Carolina.
      Talton Estates Drive lot: 33, Pikeville, NC 27863
      View Details
    • $22,000

      Cleared Lot in Pikeville, NC

      0.4-acre cleared lot with privacy and flexibility.
      105 Carla Ann Drive, Pikeville, NC 27863
      View Details
    • $81,360

      Pikeville Wooded Lot For Sale

      5.424 acre wooded lot near Goldsboro, Selma, Wilson, Raleigh.
      00 Boyette Pond Road, Pikeville, NC 27863
      View Details
    • $460,000

      Pikeville Land: Endless Possibilities

      17.8 acres near Hwy 70, potential for homesites.
      712 Old Kenly Road, Pikeville, NC 27863
      View Details
    • $75,000

      Cleared Land in Talton Estates

      3.65 acres of cleared land in Pikeville, North Carolina.
      Talton Estates Drive lot: 31, Pikeville, NC 27863
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Rare opportunity: 50+ acres with Little River frontage.
    Where is this agricultural land / farmland located?
    The property is located at 209 Buggy Street Pikeville, NC.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: Over 50 acres of land with Little River frontage; No covenants, offering unrestricted use of the property; Combination of open, cleared land and wooded areas
    (919) 868-6316
    We can help!
    Listing Contact
    Beth Hines
    Beth Hines
    Real Estate License ID: 192858
    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
    209 Buggy Street, Pikeville, NC 27863
    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!