Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Forest Creek Title is generated by Realmo AI

    47 Ridgeland Street, Pinehurst, NC 28374

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $125,000

    LAND - Pinehurst, NC

    Lot size:
    0.60 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    56
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 47 Ridgeland Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-3
    Standard status
    Active Under Contract
    APN
    20070908
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Forest Creek Sec 18 Lot 1830

    We can help!

    Listing Contact
    Keith Harris
    Keith Harris

    Listing agent Keith Harris License #215989

    Listing office Pines Sotheby's International Realty 177 W Pennsylvania Ave, Southern Pines, NC

    Listing date Mar 27, 2026

    MLS# 100564184 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

    • Extreme privacy due to end‑of‑street location.
    • Sloping lot is ideal for a home with a walkout basement.
    • Beautiful lot at Forest Creek.
    • Location coordinates provided: [-79.44228,35.234425].

    Overview

    This 0.6-acre residential lot is located in Pinehurst, North Carolina. Situated within the Forest Creek neighborhood, the property offers a high degree of privacy due to its location at the end of the street. The lot's topography slopes away from the street, making it suitable for a home with a walkout basement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Gym & Fitness Center Department Store Accounting Firm HVAC Service Electrical Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinehurst
    County
    Moore
    State
    North Carolina
    Longitude
    -79.431751
    Latitude
    35.233304

    Nearby Similar for Sale

    • $2,950,000
      5,227 SF

      Turnkey Restaurant Building in Pinehurst

      Fully renovated commercial building ideal for restaurant or hospitality concept.
      38 Chinquapin Road, Pinehurst, NC 28374
      View Details
    • $395,000

      Land in Fairwoods on 7

      Building lot near Pinehurst No. 7 golf course.
      Granger Drive, Pinehurst, NC 28374
      View Details
    • $600,000

      Land in Forest Creek Golf

      2+ acre homesite in prestigious gated golf community.
      27 Birkdale Way lot: 1209, Pinehurst, NC 28374
      View Details
    • $500,000

      Land in Forest Creek Golf

      Residential lot in private, gated golf community near Pinehurst.
      6 Wicker Sham Court E lot: 1639, Pinehurst, NC 28374
      View Details
    • $950,000

      CCNC Estate Homesite Opportunity

      Rare 10+ acre homesite in prestigious gated community.
      825 Lake Dornoch Drive, Pinehurst, NC 28374
      View Details
    • $495,000

      Golf Front Home Lot

      Residential land with golf course views in Pinehurst, North Carolina.
      11 Wicker Sham Court W lot: 1631, Pinehurst, NC 28374
      View Details
    • $225,000

      Pinehurst Vacant Lot Opportunity

      Prime homesite in premier golf community, build your dream home.
      8 Heather Lane lot: 209, Pinehurst, NC 28374
      View Details
    • $595,000

      Pinehurst Land in Gated Community

      Residential lot in Forest Creek Golf Club, Pinehurst, North Carolina.
      20 Middlebury Road lot: 1510, Pinehurst, NC 28374
      View Details
    • $349,000

      Pinehurst Golf Club Premier Lot

      Premier 0.90-acre lot in Forest Creek Golf Club, Pinehurst.
      1 Kenilwood Court, Pinehurst, NC 28374
      View Details
    • $87,000

      Pinehurst Buildable Lot For Sale

      Prime .37-acre lot in desirable Pinehurst community.
      95 Bridle Path Circle, Pinehurst, NC 28374
      View Details
    • $445,000

      Forest Creek Oversized Corner Lot

      2.3 acre corner lot in Forest Creek, Pinehurst, NC.
      212 Meyer Farm Drive lot: 920, Pinehurst, NC 28374
      View Details
    • $575,000

      Golf Front Lot in Pinehurst

      Almost one acre golf front lot in gated community.
      69 Chestertown Drive lot: 1035, Pinehurst, NC 28374
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private 0.6-acre lot ideal for walkout basement home.
    Where is this residential land & home lot located?
    The property is located at 47 Ridgeland Street Pinehurst, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Extreme privacy due to end‑of‑street location.; Sloping lot is ideal for a home with a walkout basement.; Beautiful lot at Forest Creek.
    (704) 905-9338
    We can help!
    Listing Contact
    Keith Harris
    Keith Harris
    Real Estate License ID: 215989
    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

    Thank You for Inquiry
    47 Ridgeland Street, Pinehurst, NC 28374
    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!