Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    77 Acres on NC Hwy 11 Title is generated by Realmo AI

    Nc 11 - 903, Kenansville, NC 28349

    View on Map
    Claim this Listing
    Picture of Agricultural land / Farmland at Nc 11 - 903, Kenansville, NC
    For Sale
    $650,000

    LAND - Kenansville, NC

    Lot size:
    77.44 Acres
    Added:
    Oct 16, 2023
    Days on Market:
    943
    Last Refresh:
    May 15 at 10:06 am

    Property Features for Nc 11 - 903

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    13-1408
    Lot size
    77.44 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    Duplin County Register of Deeds PIN 343600927351

    We can help!

    Listing Contact
    Pearl West

    Listing agent Pearl West License #183470

    Listing office West Agency LLC 119 W College Street, WARSAW, NC

    Listing date Oct 16, 2023

    MLS# 100409958 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

    • 77‑acre property offering a blend of farmland and timberland.
    • Approximately 17 acres of cleared farmland.
    • Approximately 60 acres of timberland.
    • Located on NC Hwy 11.
    • Investment potential due to versatility.
    • Includes one of the oldest houses in Duplin County (in non‑livable condition).

    Overview

    This 77.00-acre property is located on NC Hwy 11. The land offers a blend of natural beauty and investment potential, featuring approximately 17 acres of cleared farmland and around 60 acres of timberland. The acreage was obtained from the recorded deed and Duplin County Tax office. One of the oldest houses in Duplin County is located on the property, but it is not in livable condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Kenansville
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.957
    Latitude
    35.0445

    Nearby Similar for Sale

    • $176,000

      Grove Creek Hunting and Recreation

      65 acres of wilderness with hunting and recreational opportunities.
      Gurman Powell Road, Kenansville, NC 28349
      View Details
    • $29,000

      Highway Frontage Land in Kenansville

      1.25-acre lot with highway frontage in Kenansville, North Carolina.
      11 Carolina 903 lot: 0, Kenansville, NC 28349
      View Details
    • $20,000

      Wooded Lot in Kenansville, NC

      Wooded lot in the heart of Kenansville, North Carolina.
      W Grove Circle, Kenansville, NC 28349
      View Details
    • $780,000

      Kenansville Land Near Town Amenities

      8.34-acre tract zoned GC/R10 near Kenansville amenities.
      198 Magnolia Extension, Kenansville, NC 28349
      View Details
    • $315,000

      Kenansville Land For Sale

      64.8 acres in Duplin County, perfect for building a home.
      3404003634 W Faison Mcgowen, Kenansville, NC 28349
      View Details
    • $2,476,190
      1,322 SF

      C-Store Gas Station Speedway

      C-Store and gas station property for sale.
      206 N Main Street, Kenansville, NC 28349
      View Details
    • $2,250,000

      Prime Commercial Land in Kenansville

      45.88 acres with 4,000+ feet of road frontage.
      103 S Julius Monk Mhp Lane, Kenansville, NC 28349
      View Details
    • $95,000

      Golf Course Frontage Land

      Build your dream home on this golf course lot.
      49 N Country Club Road lot: 49, Kenansville, NC 28349
      View Details
    • $55,000

      Residential Land in Duplin Country

      Cleared lot in Duplin Country Club with golf views.
      Carlton Drive lot: 37, Kenansville, NC 28349
      View Details
    • $423,000

      Kenansville, NC Woodlands Tract

      94.37-acre woodlands tract offers seclusion and recreational opportunities.
      11 And 903 Highway E, Kenansville, NC 28349
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 77-acre property with farmland and timberland on NC Hwy 11.
    Where is this agricultural land / farmland located?
    The property is located at Nc 11 - 903 Kenansville, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 77‑acre property offering a blend of farmland and timberland.; Approximately 17 acres of cleared farmland.; Approximately 60 acres of timberland.
    (910) 296-3133
    We can help!
    Listing Contact
    Pearl West
    Real Estate License ID: 183470
    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
    Nc 11 - 903, Kenansville, NC 28349
    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!