Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    684 Lake Magnolia Way Smithfield, NC 27577

    View on Map
    For Sale
    $159,995

    LAND - Smithfield, NC

    Lot size:
    1.68 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    156
    Last Refresh:
    Mar 31 at 10:06 pm

    Property Features for 684 Lake Magnolia Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Vegetation
    Partially Wooded, Cleared
    Standard status
    Active
    APN
    15H08002S
    Lot size
    1.68 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT 13A LAKE MAGNOLIA 69/452
    TaxAnnualAmount
    1113

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Derek Wyatt

    Listing agent Derek Wyatt License #296522

    Listing office HTR Southern Properties 110 N Raiford St., Selma, NC

    Listing date Oct 27, 2025

    MLS# 10130010

    Copyright © 2026 Doorify 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

    Lake Magnolia Building Lot

    This 1.68-acre lot is located within the gated community of Lake Magnolia in Smithfield, North Carolina. The lot is cleared and ready for construction of a new home. Community residents have access to the lake and a community sports boat, as well as miles of trails. The zoning is AR. A minimum of 2600 square feet and 4 bedrooms are required for any home built on this lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.444323
    Latitude
    35.512383

    Nearby Similar for Sale

    • $585,000
      1,900 SF

      Smithfield Commercial Redevelopment Opportunity

      High-visibility commercial property in growing corridor near airport and hospital.
      1475 W Market Street, Smithfield, NC 27577
      View Details
    • $450,000

      Prime Commercial Lot in Smithfield

      2.23 acre commercial lot in rapidly growing Johnston County.
      Citation Lane, Smithfield, NC 27577
      View Details
    • $350,000
      4,253 SF

      Historic Office Building For Sale

      Charming 4,253 SF office space in historic Smithfield district.
      201 N Second Street, Smithfield, NC 27577
      View Details
    • $115,000

      Commercial Lot in Prime Location

      0.497-acre commercial lot perfect for business venture.
      14 E Peedin Road, Smithfield, NC 27577
      View Details
    • $149,000
      956 SF

      Smithfield Duplex on Large Lot

      Duplex with two efficiency units in Smithfield, North Carolina.
      804 Midway Street, Smithfield, NC 27577
      View Details
    • $885,000

      Smithfield NC Land Opportunity

      42 acres of countryside near I-95 in Smithfield, NC.
      3038 Brogden Road, Smithfield, NC 27577
      View Details
    • $399,000

      Smithfield Land Opportunity

      5.29 acres of land in Smithfield, North Carolina.
      Lt 13a Wilsons Mills Road, Smithfield, NC 27577
      View Details
    • $115,000

      Commercial Lot in Prime Location

      0.497-acre commercial lot in Smithfield, NC, ready to build.
      14 E Peedin Road, Smithfield, NC 27577
      View Details
    • $495,000
      4,112 SF

      Versatile Commercial Space, Smithfield NC

      Commercial space suitable for automotive or retail businesses.
      1896 Mallard, Smithfield, NC 27577
      View Details
    • $340,000

      Smithfield Land with Perk Sites

      Partially cleared 11.5-acre land with two identified perk sites.
      Crocker Rd. (Lot B), Smithfield, NC 27577
      View Details
    • $600,000

      Land for Townhome Development

      Land zoned for 17 townhomes near downtown Smithfield, North Carolina.
      19 & 21 Waddell Drive, Smithfield, NC 27577
      View Details
    • $140,000

      Land with Workshops and Garage

      Two adjoining lots totaling 0.93 acres with workshops and garage.
      Stevens Chapel Road, Smithfield, NC 27577
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.68 acre lot in gated community, ready to build.
    Where is this residential land & home lot located?
    The property is located at 684 Lake Magnolia Way Smithfield, NC.
    What is the asking price?
    The asking price for this property is $159,995.
    What are key features of this property?
    This property features: 1.68 acre cleared lot ready to build; Located in a private, gated lake community; Enjoy lake access and a community sports boat
    (919) 291-9428
    We can help!
    Listing Contact
    Derek Wyatt
    Real Estate License ID: 296522
    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!