Sign Up Successful!
You now have access to more from Realmo!
    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

    Oxford Rd/Southern Ave Rd Henderson, NC 27536

    Sponsored
    For Sale
    $335,000

    LAND - Henderson, NC

    Lot size:
    11.63 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 5 at 10:06 am

    Property Features for Oxford Rd/Southern Ave Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    R-15
    Lot size
    11.63 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Ruxton Bobbitt

    Coldwell Banker Advantage

    Listing agent Ruxton Bobbitt (252) 430-9018

    Listing date Jan 9, 2026

    MLS# 10054278 Listing URL

    Copyright © 2026 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Henderson Land with Development Potential

    Located in West Henderson, within the city limits, this 11.63-acre land fronts Oxford Rd/158 Business and Southern Ave. The property is zoned R-15, allowing for various approved uses. Currently, a home is situated at 170 Southern Ave, generating a rental income of $450 per month, with an additional $250 from a garage apartment, both on month-to-month leases. The seller prefers not to separate the parcels. City water and sewer services are available, making it suitable for townhome or single-family development.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.427212
    Latitude
    36.312938

    Nearby Similar for Sale

    • $650,000
      2,644 SF

      Kerr Lake Farmhouse with Acreage

      Charming farmhouse on 5.81 acres with Kerr Lake access.
      675 Anderson Creek Rd, Henderson, NC 27537
      View Details
    • $210,000
      1,365 SF

      Henderson Duplex with Strong Cashflow

      Duplex in Henderson, NC with updated features and strong rental income.
      691-693 Boddie St, Henderson, NC 27536
      View Details
    • $199,000
      1,344 SF

      Updated Duplex: Investor Opportunity

      Income-producing duplex with updated unit ready for immediate occupancy.
      500 Zene St, Henderson, NC 27536
      View Details
    • $229,000
      Pending

      Kerr Lake Waterfront Land Parcel

      12.3-acre waterfront land with private dock permit on Kerr Lake.
      1311 Plum Nutty Rd, Henderson, NC 27537
      View Details
    • $215,000
      1,365 SF

      Henderson Duplex with Recent Upgrades

      Duplex with new roof and updated interiors, great for investors.
      691-693 Boddie St, Henderson, NC 27536
      View Details
    • $74,500
      595 SF

      Updated Bungalow in Henderson, NC

      Updated 2-bedroom bungalow, ideal for rental portfolio expansion.
      632 Breckenridge St, Henderson, NC 27536
      View Details
    • $179,900
      1,456 SF

      Income-Producing Duplex in Henderson, NC

      Fully leased duplex with immediate cash flow and growth potential.
      228 Crozier St, Henderson, NC 27536
      View Details
    • $650,000
      Pending

      Commercial Property in Henderson, NC

      Commercial property in Henderson's main retail area, near Walmart.
      203 N Cooper Dr, Henderson, NC 27536
      View Details
    • $74,500
      792 SF

      Henderson Single Family Home

      Tenant-occupied single family home with rental history and cash flow.
      436 John St, Henderson, NC 27536
      View Details
    • $150,000
      1.84 Acres

      Turnkey Mobile Home Park Investment

      Low-maintenance mobile home park with established tenants for immediate cash flow.
      57 Breland Dr, Henderson, NC 27537
      View Details
    • $1,224,000
      3,562 SF

      Farmhouse on 16 Acres

      Custom-built farmhouse with agricultural fields, equestrian potential, and modern amenities.
      5859 Vicksboro Rd, Henderson, NC 27537
      View Details
    • Contact for pricing
      184,170 SF

      Henderson Warehouse with Rail Access

      65,987 SF warehouse with rail access in Henderson, NC.
      599 Raleigh Rd, Henderson, NC 27536
      View Details

    FAQs

    What type of property is this?
    Land - Large lot in Henderson, NC, suitable for townhomes or single-family.
    Where is this land located?
    The property is located at Oxford Rd/Southern Ave Rd Henderson, NC.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - Prime West Henderson location within city limits.; - Frontage on Oxford Rd/158 Business, a main thoroughfare.; - R-15 zoning allows for townhomes or single-family development.
    (252) 430-9018
    Request Owner's contact information
    Oxford Rd/Southern Ave Rd Henderson, NC 27536
    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.
    Oxford Rd/Southern Ave Rd
    Henderson, NC 27536
    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
    Oxford Rd/Southern Ave Rd Henderson, NC 27536
    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

    We can help!
    Listing Contact
    Ruxton Bobbitt
    Real Estate License ID: 128220
    (252) 430-9018
    Learn more
    Google sign-in failed. Please try again or use another login method.