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    151 Acres of Premier County Land Title is generated by Realmo AI

    N Nc 11 Highway, Murfreesboro, NC 27855

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    For Sale
    $567,500

    LAND - Murfreesboro, NC

    Lot size:
    151.00 Acres
    Added:
    May 5, 2025
    Days on Market:
    397
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for N Nc 11 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Vegetation
    Cleared, Grassed, Partially Wooded
    Standard status
    Active
    APN
    PIN83 5976-71-8449
    Lot size
    151.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Bridger & Knight PL: 000PC1-00361
    Tax Annual Amount
    5624

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Susan Annette Allen
    Susan Annette Allen

    Listing agent Susan Annette Allen License #252149

    Listing office Coldwell Banker Advantage-Smit 1360 N Brightleaf Blvd, Smithfield, NC

    Listing date May 5, 2025

    MLS# 10094082 Listing URL

    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.

    HighLights

    • 151 acres offering exceptional hunting and fishing (deer, turkey, duck, bear, bass, perch, brim) with Potecasi Creek access.
    • Flexible land use: ideal for a private estate, hunting retreat, or subdivision development; builders welcome.
    • Investment opportunity: potential for lot sales (various acre sizes available) and income from CRP program (tree planting).
    • Mostly cleared property featuring expansive open terrain and natural spring water.
    • Income potential from existing farmland lease ($125/acre) and hunting rights rental.
    • Convenient location: just 1 hour east of Raleigh, 20 minutes from Elizabeth City, near the VA border and coast.

    Overview

    This 151-acre property in Murfreesboro, NC, presents an exceptional hunting, fishing, and investment opportunity. The prime countryside location offers a blend of natural beauty and development potential. A natural spring flows through the property, which is accessible by ATV and other vehicles. The property features expansive open terrain, suitable for a private estate, hunting retreat, or subdivision. The land is rich in wildlife and natural water sources, offering hunting and fishing opportunities. Potecasi Creek runs along the property, allowing for boating and fishing. Hunting opportunities include wild turkey, duck, deer, and bear. Fishing opportunities include bass, white perch, raccoon perch, and brim. A farmer currently grows crops on 40 acres at the front of the property under a year-to-year land lease, generating $125 per acre for the current owners. The property is also part of the CRP Program, which pays the owner to plant trees; the current owners have already submitted an application. The property is located one hour east of Raleigh and 20 minutes from Elizabeth City, near the Virginia border and the coast of North Carolina and Virginia. The zoning is RA. There are options to buy 1 acre, 2 acres, and laid out 4.1, 4.86, 4.68, and 5.15 acre tracts. Other options for acres are available per buyer's request. Builders are welcome.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Murfreesboro
    County
    Hertford
    State
    North Carolina
    Longitude
    -77.0749
    Latitude
    36.4156

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Exceptional hunting, fishing, and investment opportunity on 151 acres.
    Where is this agricultural land / farmland located?
    The property is located at N Nc 11 Highway Murfreesboro, NC.
    What is the asking price?
    The asking price for this property is $567,500.
    What are key features of this property?
    This property features: 151 acres offering exceptional hunting and fishing (deer, turkey, duck, bear, bass, perch, brim) with Potecasi Creek access.; Flexible land use: ideal for a private estate, hunting retreat, or subdivision development; builders welcome.; Investment opportunity: potential for lot sales (various acre sizes available) and income from CRP program (tree planting).
    (919) 817-5365
    We can help!
    Listing Contact
    Susan Annette Allen
    Susan Annette Allen
    Real Estate License ID: 252149
    Learn More
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    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.

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