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

    Nc Hwy 242 Elizabethtown, NC 28337

    View on Map
    Picture of Recreation land at Nc Hwy 242, Elizabethtown, NC
    For Sale
    $45,000

    LAND - Elizabethtown, NC

    Lot size:
    19.00 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 2 at 7:06 am

    Property Features for Nc Hwy 242

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active
    APN
    132800601436
    Lot size
    19.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    132800611247, 132800601436

    We can help!

    Listing Contact
    Cole A Nye

    Listing agent Cole A Nye License #312001

    Listing office Nationwide Realty, LLC 113 Peanut Road, Elizabethtown, NC

    Listing date Jan 23, 2026

    MLS# 100551016

    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.

    Overview

    Secluded Land Near Ammon Store

    This property features two parcels totaling 19+/- acres of secluded, private land. Located near the Ammon Store in Elizabethtown, North Carolina, it offers an ideal setting for outdoor enthusiasts. The land is suitable for hunting, recreation, camping, or enjoying the peace and quiet of nature. The property is zoned RA. Please note that the property does not have a deeded easement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Elizabethtown
    County
    Bladen
    State
    North Carolina
    Longitude
    -78.593258
    Latitude
    34.646144

    Nearby Similar for Sale

    • $599,000

      Large Acreage with Development Potential

      85+/- acre tract with home and development opportunities.
      5093 Owen Hill Road, Elizabethtown, NC 28337
      View Details
    • $99,900

      Cleared Land Ready For Development

      5 acre cleared parcel ready for immediate commercial development.
      Nc 87 Bypass Highway W lot: 2A/2B, Elizabethtown, NC 28337
      View Details
    • $130,000

      Elizabethtown Land on West Broad

      1.76 acre commercial land with road frontage near downtown.
      1501 W Broad Street, Elizabethtown, NC 28337
      View Details
    • $350,000

      Downtown Elizabethtown Land Opportunity

      Prime commercial land in high-traffic downtown Elizabethtown.
      201 E Broad Street, Elizabethtown, NC 28337
      View Details
    • $115,000

      Cleared Lot in Gated Community

      Ready-to-build lot with lake access and community amenities.
      Wrexham Place, Elizabethtown, NC 28337
      View Details
    • $125,000

      Land Near White Lake

      0.64 acre lot near White Lake, NC.
      TBD NC Hwy 53, Elizabethtown, NC 28337
      View Details
    • $17,500

      Residential Land in Elizabethtown, NC

      Half-acre residential lot with hardwoods in Cape Owen Manor.
      Plantation Road lot: 37, Elizabethtown, NC 28337
      View Details
    • $599,900
      6,560 SF

      Downtown Elizabethtown Renovation Opportunity

      Blank slate property in downtown Elizabethtown, North Carolina.
      105 E Broad St, Elizabethtown, NC 28337
      View Details
    • $1,299,000

      60 Acres in Elizabethtown, NC

      Sprawling 60-acre property in Elizabethtown, zoned R-20.
      701 Eastway Avenue, Elizabethtown, NC 28337
      View Details
    • $36,000

      Residential Land in Cape Owen

      Two lots totaling 1.26 acres in Cape Owen Manor.
      Hillcrest Drive, Elizabethtown, NC 28337
      View Details
    • $72,300

      Cleared Land Ready For Building

      Nearly 6 acres of cleared land, ready for building.
      Newkirk Extension, Elizabethtown, NC 28337
      View Details
    • $150,000
      2,399 SF

      Downtown Commercial Redevelopment Opportunity

      2,399 SF building in Elizabethtown's central business district.
      104 S Cypress St, Elizabethtown, NC 28337
      View Details

    FAQs

    What type of property is this?
    Recreation land - 19+/- acres ideal for hunting, recreation, and camping.
    Where is this recreation land located?
    The property is located at Nc Hwy 242 Elizabethtown, NC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: 19+/- acres of secluded, private land offering peace and quiet of nature.; Ideal for outdoor enthusiasts seeking recreation and camping.; Perfect for hunting.
    (910) 991-6774
    We can help!
    Listing Contact
    Cole A Nye
    Real Estate License ID: 312001
    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!