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

    464 Sweet Gum Drive lot 177-B Vass, NC 28394

    View on Map
    For Sale
    Contact for pricing

    LAND - Vass, NC

    Lot size:
    0.69 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 31 at 7:06 pm

    Property Features for 464 Sweet Gum Drive lot 177-B

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GC-WL
    Standard status
    Active
    APN
    00043286
    Lot size
    0.69 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LOT 177-B S2 LAKE SURF
    TaxAnnualAmount
    65

    We can help!

    Listing Contact
    Ethan Fury

    Listing agent Ethan Fury License #357368

    Listing office Berkshire Hathaway HS Pinehurst Realty Group/PH 42 Chinquapin Rd, Southern Pines, NC

    Listing date Jan 26, 2026

    MLS# 100551043 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

    Wooded Homesite in Woodlake Subdivision

    Located on Sweet Gum Drive within the Woodlake subdivision, this 0.69-acre wooded homesite offers a peaceful setting with added privacy and limited through traffic. The property presents an opportunity to design and build a custom home within one of Moore County's established gated communities. The location offers wooded sight lines, natural privacy buffering, and a tranquil neighborhood setting near the Woodlake Country Club. The Maples Golf Course, recently renovated and recognized as one of the Top 25 Golf Course Renovations of 2023 by GolfPass, anchors the community's resurgence. The Lake Surf Dam restoration project is underway, positioning Woodlake to become one of North Carolina's premier lake and golf communities. The property allows convenient access to the Sandhills metro area, Pinehurst, Southern Pines, Fayetteville, and Fort Liberty, while maintaining a quiet residential atmosphere suitable for a primary residence or future investment build. The zoning is GC-WL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vass
    County
    Moore
    State
    North Carolina
    Longitude
    -79.178116
    Latitude
    35.245514

    Nearby Similar for Sale

    • $1,060,950

      Prime Commercial Land on US-1

      Commercial property on US-1 with high traffic and development potential.
      Us-1, Vass, NC 28394
      View Details
    • $205,000

      Waterfront Lot in Vass, NC

      Waterfront lot to build your dream home with water views.
      797 Daphne Lane, Vass, NC 28394
      View Details
    • $950,000
      2,756 SF

      Turn-Key Restaurant Opportunity in Vass

      Updated restaurant with indoor and outdoor seating in growing Vass.
      3400 US-1, Vass, NC 28394
      View Details
    • $5,500

      Undeveloped Land in Woodlake Community

      0.78 acre lot in gated golf community.
      862 Hudsonia Drive, Vass, NC 28394
      View Details
    • $304,868

      Vass, NC Wooded Land

      15.32 acres of private, wooded land in Vass, NC.
      McGill Road lot: 4, Vass, NC 28394
      View Details
    • $1,060,950

      Prime Commercial Land on US-1

      Commercial property on US-1 in a high-growth area.
      US -1 Highway, Vass, NC 28394
      View Details
    • $55,000

      Land Overlooking Woodlake

      Residential land for sale with lake view in Woodlake, NC.
      893 Loblolly Drive, Woodlake, NC 28394
      View Details
    • $60,000

      Pond-Front Lot in Gated Community

      0.21 acre pond-front lot with water and sewer access.
      846 Greenbriar Drive, Vass, NC 28394
      View Details
    • $65,000

      Acreage in Woodlake Gated Community

      Land with acreage in amenity-rich, gated community.
      883 Loblolly Drive, Vass, NC 28394
      View Details
    • $375,000

      Prime Land in Vass, NC

      7.22 acres with high traffic, ideal for development.
      4690 Us 1 Highway, Vass, NC 28394
      View Details
    • $216,711

      Vass, NC Land Opportunity

      10.89 acres in Vass, NC with creek frontage.
      McGill Road lot: 3, Vass, NC 28394
      View Details
    • $60,000

      Pond-Front Lot in Gated Community

      0.21 acre lot with water and sewer access.
      846 Greenbriar Drive, Vass, NC 28394
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.69-acre wooded homesite in a gated community.
    Where is this residential land & home lot located?
    The property is located at 464 Sweet Gum Drive lot 177-B Vass, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 0. 69‑acre wooded homesite in gated community, offering privacy; Opportunity to build a custom home in the established Woodlake subdivision; Access to the revitalized Woodlake Country Club and the recently renovated Maples Golf Course
    (704) 594-1428
    We can help!
    Listing Contact
    Ethan Fury
    Real Estate License ID: 357368
    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!