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

    3300 Nc 118 Highway Vanceboro, NC 28586

    View on Map
    Picture of Agricultural properties at 3300 Nc 118 Highway, Vanceboro, NC
    For Sale
    $544,900

    LAND - Vanceboro, NC

    Lot size:
    144.00 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    226
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 3300 Nc 118 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1-061-023
    Lot size
    144.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Deed Book 385 Pg 527 and have in file 02 E 533
    TaxAnnualAmount
    693

    We can help!

    Listing Contact
    JAMES HOFMANN
    JAMES HOFMANN

    Listing agent JAMES HOFMANN License #61355

    Listing office COLDWELL BANKER SEA COAST ADVANTAGE 115 MIDDLE STREET, New Bern, NC

    Listing date Aug 19, 2025

    MLS# 100525770 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

    Vanceboro Land Investment Opportunity

    This property features a 144-acre tract with a 19-year-old pine plantation, offering privacy and potential for hunting. Old structures are present on the property but are given no value. Approximately 68 acres of the plantation are enrolled in the CREP Program and were thinned in 2018. The remaining pine plantations have not yet been thinned. The farm is currently part of the use value tax program, and the buyer has the option to continue the property's participation in this program. It is located in Vanceboro, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Vanceboro
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1837
    Latitude
    35.3141

    Nearby Similar for Sale

    • $1,399,900

      Swine Production Property For Sale

      Turnkey swine production property with upgraded nurseries on 68.56 acres.
      1535 Maul Swamp Road, Vanceboro, NC 28586
      View Details
    • $30,000

      Unrestricted Land in Vanceboro, NC

      4.52 acres with road frontage and high visibility.
      Us 17, Vanceboro, NC 28586
      View Details
    • $164,900

      43 Acres of Prime Land

      Recreational and investment tract with timber value and abundant wildlife.
      Old Washington Road, Vanceboro, NC 28586
      View Details
    • $20,000

      Unzoned Land Near Vanceboro, NC

      Almost an acre of unzoned land with endless possibilities.
      1735 Streets Ferry Road, Vanceboro, NC 28586
      View Details
    • $250,000

      Secluded Wooded Land Near Vanceboro

      15.28-acre wooded property offers privacy and seclusion.
      780 Campbell Road, Vanceboro, NC 28586
      View Details
    • $32,900

      Vanceboro Land Ready for Development

      Two adjacent lots near downtown Vanceboro, ready for development.
      331 Mill Road, Vanceboro, NC 28586
      View Details
    • $110,000

      Vanceboro Woodlands: Hunting & Recreation

      33.32 acres of Eastern Carolina woodlands, ideal for hunting.
      380 Harfam Road, Vanceboro, NC 28586
      View Details
    • $3,047,619

      Vanceboro Retail Investment Opportunity

      Absolute net lease investment property in Vanceboro, North Carolina.
      370 Nc Highway 43, Vanceboro, NC
      View Details
    • $27,500

      Residential Land in Vanceboro, NC

      Almost one acre lot, ideal for building a home.
      6320 River Road, Vanceboro, NC 28586
      View Details
    • $1,950,000

      Waterfront Land in Vanceboro, NC

      294 acres of waterfront property, recreational or potential development.
      Streets Ferry Road, Vanceboro, NC 28586
      View Details
    • $549,000

      Versatile Acreage on NC-43

      52+/- acres ideal for homesite, recreation, or investment.
      4020 Nc 43 Hwy, Vanceboro, NC 28586
      View Details
    • $1,550,000

      112 Acres of Pristine Land

      112 acres of land suitable for development or investment.
      215 Nc 43 Hwy, Vanceboro, NC 28586
      View Details

    FAQs

    What type of property is this?
    Agricultural property - 144 acres with pine plantation and CREP program land.
    Where is this agricultural property located?
    The property is located at 3300 Nc 118 Highway Vanceboro, NC.
    What is the asking price?
    The asking price for this property is $544,900.
    What are key features of this property?
    This property features: 68 acres of pine plantation enrolled in the CREP Program; Excellent privacy and hunting tract; Great investment opportunity in a 19‑year‑old pine plantation
    (252) 671-4714
    We can help!
    Listing Contact
    JAMES HOFMANN
    JAMES HOFMANN
    Real Estate License ID: 61355
    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!