Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Chapman Drive-Lots 19 & 20 Drive Grifton, NC 28530

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Grifton, NC

    Lot size:
    0.95 Acres
    Added:
    Jul 29, 2025
    Days on Market:
    283
    Last Refresh:
    May 7 at 9:06 pm

    Property Features for Chapman Drive-Lots 19 & 20 Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    456801252836
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    456801252836

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    MILTON FIELDS

    Listing agent MILTON FIELDS License #186715

    Listing office M & C REALTY COMPANY INC. 4100 BARRINGTON DRIVE, GREENVILLE, NC

    Listing date Jul 29, 2025

    MLS# 100521949 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

    • Well‑established subdivision
    • Enjoy a country living environment
    • Combination of stick‑built and manufactured homes in the area
    • Urban Estates subdivision
    • Septic Tank Sewer System
    • Located at -77.451, 35.370827

    Overview

    Grifton, NC Land For Sale

    This property consists of approximately 0.95 acres of land located in Grifton, North Carolina. The property is zoned R, intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Grifton
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.450996
    Latitude
    35.370825

    Nearby Similar for Sale

    • $749,000

      82 Acres Development Opportunity

      82-acre property near Greenville, NC, ideal for residential development.
      6323 1 Marvin Taylor Rd, Grifton, NC 28538
      View Details
    • $27,500

      Grifton, NC Land for Sale

      Residential lots available, septic permit in place, ready to build.
      Jolly Ole Field Road lot: 3, Grifton, NC 28530
      View Details
    • $27,500

      Grifton, NC Land for Sale

      Residential lots available, septic permit in place, ready to build.
      Jolly Ole Field Road lot: 1, Grifton, NC 28530
      View Details
    • $27,500

      Grifton, NC Land for Sale

      Residential land with septic permit, ready to build on.
      Jolly Ole Field Road lot: 2, Grifton, NC 28530
      View Details
    • $27,500

      Grifton, NC Land For Sale

      Four residential lots available, ready to build with septic permit.
      Jolly Ole Field Road lot: 4, Grifton, NC 28530
      View Details
    • $159,900

      Secluded Hunting and Timber Land

      28.94 acres of prime wildlife habitat near Grifton, NC.
      Grifton Hugo Road, Grifton, NC 28530
      View Details
    • $70,000

      Secluded Wooded Land in Grifton

      4.65-acre wooded property in rural Lenoir County.
      Skeeter Pond Road, Grifton, NC 28530
      View Details
    • $165,000
      1,886 SF

      Updated Duplex in Grifton, NC

      Updated duplex with tenants in place, Grifton, North Carolina.
      158 Contentnea Drive, Grifton, NC 28530
      View Details
    • $149,000

      Cleared Land Near Grifton, NC

      12+/- acre cleared property near Grifton, NC, perfect for building.
      Nc 118, Grifton, NC 28530
      View Details
    • $175,000
      1,550 SF

      Restaurant Space For Sale

      Restaurant property featuring a fully equipped kitchen and ample parking.
      6891 S Highland Blvd, Grifton, NC 28530
      View Details
    • $95,000
      1,664 SF

      2.65 Acre Lot Near NC-11

      2.65-acre lot perfect for residential or agricultural use.
      5995 Gas Plant Ln, Grifton, NC 28530
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Grifton, North Carolina.
    Where is this residential land & home lot located?
    The property is located at Chapman Drive-Lots 19 & 20 Drive Grifton, 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: Well‑established subdivision; Enjoy a country living environment; Combination of stick‑built and manufactured homes in the area
    (252) 526-4937
    We can help!
    Listing Contact
    MILTON FIELDS
    Real Estate License ID: 186715
    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
    Chapman Drive-Lots 19 & 20 Drive, Grifton, NC 28530
    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!