Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Red Springs Land For Sale Title is generated by Realmo AI

    Snipes Road, Red Springs, NC 20747

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Red Springs, NC

    Lot size:
    4.67 Acres
    Added:
    May 11, 2026
    Days on Market:
    12
    Last Refresh:
    May 22 at 4:06 am

    Property Features for Snipes Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1511-01-02006
    Lot size
    4.67 Acres

    Taxes and HOA fees

    Tax Description
    LT 7 JOHN W MCNEILL EST

    We can help!

    Listing Contact
    DAVID ZEITZ
    DAVID ZEITZ

    Listing agent DAVID ZEITZ License #200804

    Listing office COLDWELL BANKER PREMIER TEAM REALTY 703 FARRINGDOM ST, LUMBERTON, NC

    Listing date May 11, 2026

    MLS# 762526 Listing URL

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    This is a 4.67-acre semi-cleared lot with many small trees and bushes, offering a very private setting. The soil type is predominantly WaB - Wagram loamy sand 0-6%. The lot dimensions are roughly 400 x 500 feet (408 x 498). There is a 30-day First Right of Refusal on this property reserved by the heirs of the John McNeill estate. Please keep this in mind when planning a close of escrow, and allow 45 days to be sure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Red Springs
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.092109
    Latitude
    34.724257

    Nearby Similar for Sale

    • $120,000

      Warehouse on Agricultural Zoned Land

      Warehouse with potential for commercial use in agricultural zone.
      918 Opal Road, Red Springs, NC 28377
      View Details
    • $525,000

      Red Springs Commercial Investment Property

      Commercial property with 8000+ sqft, 100% occupancy, parking lot.
      314 E 4th Avenue, Red Springs, NC 28377
      View Details
    • $408,595

      Hoke County Farm for Sale

      74.29 acre farm in Hoke County, North Carolina.
      Duffie N Road, Red Springs, NC 28377
      View Details
    • $185,000

      Red Springs Office Building For Sale

      Office building in Red Springs with ample space and parking.
      919 E Fourth Avenue, Red Springs, NC 28377
      View Details
    • $221,000

      Hoke County Farm Land

      34 acre farm suitable for agriculture or homesite.
      N Duffie Road, Red Springs, NC 28377
      View Details
    • $266,500

      Hoke County Farm Land

      41 acre farm suitable for agriculture or homesite.
      N Duffie Road, Red Springs, NC 28377
      View Details
    • $460,800

      Land with Dual Road Frontage

      38.4 acres with frontage on two roads in Red Springs.
      Old Lowery Rd, Red Springs, NC 28377
      View Details
    • $334,800

      Cleared Residential Land in Red Springs

      Development-ready land in a growing community, utilities accessible.
      120 0 Ashley Rd, Red Springs, NC 28377
      View Details
    • $28,000

      Red Springs Land Near Lake

      0.49-acre lot in gated community with lake access.
      Lakeview Drive lot: 6, Red Springs, NC 28377
      View Details
    • $44,900

      Ready-to-Build Lot in Red Springs

      Cleared lot with well and septic near Fort Liberty.
      112 Lakeview Drive, Red Springs, NC 28377
      View Details
    • $28,000

      Vacant Lot Near Greenbrier Lake

      Half-acre lot in a quiet community near Fort Liberty.
      Lakeview Drive lot: A-8, Red Springs, NC 28377
      View Details
    • $28,000

      Vacant Lot Near Greenbrier Lake

      Half-acre wooded lot in a quiet, private community.
      Lakeview Drive lot: A-9, Red Springs, NC 28377
      View Details

    FAQs

    What type of property is this?
    Land - 4.67-acre semi-cleared lot in a private setting.
    Where is this land located?
    The property is located at Snipes Road Red Springs, NC.
    What is the asking price?
    The asking price for this property is $60,000.
    (910) 536-4663
    We can help!
    Listing Contact
    DAVID ZEITZ
    DAVID ZEITZ
    Real Estate License ID: 200804
    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
    Snipes Road, Red Springs, NC 20747
    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!