Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vanceboro Land: Build-Ready 4.81 Acres Title is generated by Realmo AI

    340 Willis Landing, Vanceboro, NC 28586

    View on Map
    Claim this Listing
    For Sale
    $50,000

    LAND - Vanceboro, NC

    Lot size:
    4.81 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 340 Willis Landing

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    1-037 -1005
    Lot size
    4.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Willis Neck
    Tax Annual Amount
    97

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Elijah King

    Listing agent Elijah King License #362130

    Listing office Coldwell Banker Preferred Properties 106 E Washington St., Rockingham, NC

    Listing date Apr 17, 2026

    MLS# 100568138 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

    • Large 4.81‑acre property comprised of two combined lots, offering ample space and flexibility.
    • Utilities available: Access to electricity and public water.
    • Significant 740 feet of road frontage providing multiple layout possibilities and easy access.
    • Located in a good neighborhood in Vanceboro, balancing rural charm with convenience.
    • Proximity to New Bern and other Eastern North Carolina hubs, offering access to shopping, dining, waterfront attractions, and employment opportunities.
    • Level and build‑friendly land, ideal for immediate construction or long‑term investment.

    Overview

    This 4.81-acre property, comprised of two combined lots, is located in Vanceboro, North Carolina. The level, build-friendly land offers flexibility, size, and road exposure. Electricity and public water are accessible, and the property features 740 feet of road frontage. A septic system will be needed. Situated in a good neighborhood, the tract balances usable land, convenience, and rural charm. Vanceboro provides a quieter pace of life while remaining connected to Craven County and nearby New Bern. The area benefits from schools, community resources, libraries, and small-town convenience. New Bern offers shopping, dining, waterfront attractions, parks, museums, and family-friendly activities. The location benefits from proximity to employment anchors such as Marine Corps Air Station Cherry Point, Fleet Readiness Center East, Craven Community College, and the Craven County Industrial Park. The Greenville-New Bern-Jacksonville region supports healthcare, education, military, manufacturing, and service-sector jobs. The property is within reach of larger hubs like New Bern, with the wider Eastern North Carolina region offering options for work, recreation, dining, and travel. This property stands out for its size, utility access, combined-lot configuration, generous frontage, and location in a growing regional corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Vanceboro
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1210999
    Latitude
    35.2516897

    Nearby Similar for Sale

    • $100,000

      Vanceboro Commercial Land Opportunity

      Almost one acre lot in the heart of Vanceboro, NC.
      8119 Main Street, Vanceboro, NC 28586
      View Details
    • $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
    • $250,000

      Secluded Wooded Land Near Vanceboro

      15.28-acre wooded property offers privacy and seclusion.
      780 Campbell Road, Vanceboro, NC 28586
      View Details
    • $256,740

      Vanceboro Land for Peaceful Living

      23.34-acre parcel in Pitt County, perfect for building your dream home.
      Buck Road, Vanceboro, NC 28586
      View Details
    • $143,000

      30 Acres of Prime Land

      30 acres in Vanceboro, NC with road frontage and water.
      Old Brick 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
    • $96,000

      Vanceboro Acre for Development

      One-acre property suitable for commercial or residential development.
      001 Nc-43, 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
    • $3,047,619

      Vanceboro Retail Investment Opportunity

      Absolute net lease investment property in Vanceboro, North Carolina.
      370 Nc Highway 43, Vanceboro, NC
      View Details
    • $27,000

      Vanceboro Land Ready For Development

      Two adjacent lots in Vanceboro, NC, with utilities available.
      331 Mill Road, 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
    • $549,000

      Versatile Acreage on NC-43

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

    FAQs

    What type of property is this?
    Land - 4.81 acres in Vanceboro with utilities and road frontage.
    Where is this land located?
    The property is located at 340 Willis Landing Vanceboro, NC.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Large 4.81‑acre property comprised of two combined lots, offering ample space and flexibility.; Utilities available: Access to electricity and public water.; **Significant 740 feet of road frontage providing multiple layout possibilities and easy access.**
    (423) 599-1897
    We can help!
    Listing Contact
    Elijah King
    Real Estate License ID: 362130
    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
    340 Willis Landing, Vanceboro, NC 28586
    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!