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

    285 Kelly Rd Carthage, NC 28327

    View on Map
    Sponsored
    For Sale
    $1,125,250

    LAND - Carthage, NC

    Lot size:
    85.16 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 27 at 3:06 pm

    Property Features for 285 Kelly Rd

    General Information

    Special listing conditions
    Third Party Approval
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Third Party Approval
    Standard status
    Active
    Zoning
    RA
    APN
    00007205 & 00007206
    Lot size
    85.16 Acres

    Utilities

    Utilities
    Electricity Available
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Tammy O Lyne
    Tammy O Lyne

    Keller Williams Realty Pinehurst

    Listing agent Tammy O Lyne License #140668

    Listing date Mar 25, 2026

    MLS# 100562613

    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.

    Learn more

    Property Insight Report

    Overview

    Carthage Land with Road Frontage

    This property features 85+/- acres of land along Kelly Road in Carthage, North Carolina, offering over 1,300 feet of road frontage. The land is characterized by a rolling topography and includes mature hardwoods, pines, and a pond. The property is suitable for a dream farm, family compound, development, hunting, or investment. Public water is located approximately 450 feet down Kelly Road. Existing on the land are three old abandoned homes, an abandoned well, various old barns, debris, and a small family cemetery. An easement, Hornesnake Rd, crosses a portion of the property. The property is located less than 1/2 mile from a Voluntary Ag district. Note that the sale is subject to court approval and a 10-day upset bid process. The property will not be subdivided, and a survey is at the buyer's expense.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    County
    Moore
    State
    North Carolina
    Longitude
    -79.332387
    Latitude
    35.366246

    Nearby Similar for Sale

    • $130,000
      1,000 SF

      Pool Front First Floor Condo

      Turnkey condo in rental program, near clubhouse and pool.
      518 Little River Farm Blvd, Carthage, NC 28327
      View Details
    • $115,000
      1,000 SF

      Pool Front First Floor Condo

      Turnkey condo in rental program, near clubhouse and pool.
      530 Little River Farm Blvd, Carthage, NC 28327
      View Details
    • $799,000
      3,000 SF

      Carthage Commercial Building - 0.5 Acre

      Prime Carthage location, 3000 sq ft building, 0.5-acre lot. Great investment opportunity.
      1016 Monroe St, Carthage, NC 28327
      View Details
    • $1,495,000
      15.25 Acres

      Carthage Commercial Land & Building

      15 Acres, Prime Location, Development Ready
      120 Union Church Rd, Carthage, NC 28327
      View Details
    • $589,000
      0.67 Acres

      Carthage Commercial Building Investment

      High-traffic location, income potential, flexible use.
      3741 Us Hwy 501 Hwy, Carthage, NC 28327
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 85+/- acres in Carthage, NC, ideal for various uses.
    Where is this agricultural land / farmland located?
    The property is located at 285 Kelly Rd Carthage, NC.
    What is the asking price?
    The asking price for this property is $1,125,250.
    What are key features of this property?
    This property features: - 85+/- acres ideal for a dream farm, family compound, development, hunting, or investment.; - Boasts over 1,300 ft of road frontage on Kelly Road.; - Beautiful rolling land with mature hardwoods, pines, and a pond.
    (910) 603-5300
    Request Owner's contact information
    285 Kelly Rd Carthage, NC 28327
    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.
    285 Kelly Rd
    Carthage, NC 28327
    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
    285 Kelly Rd Carthage, NC 28327
    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

    We can help!
    Listing Contact
    Tammy O Lyne
    Tammy O Lyne
    Real Estate License ID: 140668
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!