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

    Tilghman Street Kenly, NC 27542

    View on Map
    For Sale
    $62,500

    LAND - Kenly, NC

    Lot size:
    0.17 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    131
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for Tilghman Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    03014012
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    TILGHMAN ST
    TaxAnnualAmount
    228

    We can help!

    Listing Contact
    Valorie Stevens

    Listing agent Valorie Stevens

    Listing office Stevens Realty, Inc. 20 Noble St, Smithfield, NC

    Listing date Nov 21, 2025

    MLS# 10134283

    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.

    Overview

    Residential Land in Kenly, NC

    This residential land is located in Kenly, North Carolina. The lot is being sold together with the neighboring house and lot at 107 Tilghman Street. The two lots together total approximately 0.42 acres. The size of the available lot is 0.17 acres. There is no survey available. The Town of Kenly changed zoning rules around December 2024, and this specific vacant lot may not meet the new zoning rules. Interested parties should contact the Town of Kenly or other city/county departments for information regarding water, sewer, zoning, and planning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kenly
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.1393
    Latitude
    35.6072

    Nearby Similar for Sale

    • $895,000
      23,520 SF

      Kenly Church and Assembly Facility

      Move-in ready church/assembly facility on a highly visible corner lot.
      500 W Goldsboro Street, Kenly, NC 27542
      View Details
    • $120,000

      Residential Lots in Kenly, NC

      Two residential lots suitable for manufactured or stick-built homes.
      0 Lincoln Drive, Kenly, NC 27542
      View Details
    • $273,675

      Timberland Investment Opportunity Near Kenly

      36.49 acres of timberland with recreational and investment potential.
      0 S Fred Circle, Kenly, NC 27542
      View Details
    • $75,000

      Residential Land in Kenly, NC

      Building lot with permits in place, ready for construction.
      1220 Princeton Kenly Road, Kenly, NC 27542
      View Details
    • $60,000

      Corner Lot Near Kenly, NC

      1.63 acre corner lot with excellent visibility near I-95.
      Piney Grove Church Road, Kenly, NC 27542
      View Details
    • $445,000

      Unrestricted Land Near Kenly, NC

      13.89 acres of unrestricted, level land near I-95 and Hwy 301.
      124 Cuddington Road, Kenly, NC 27542
      View Details
    • $634,050

      Johnston County Land For Sale

      14+ acres in Johnston County, suitable for development or homesteading.
      14.09 Ac Nc Hwy 42, Kenly, NC 27542
      View Details
    • $634,050

      Johnston County Land For Sale

      14+ acres in Johnston County, suitable for development or homesteading.
      14.09 Acre Nc Hwy 42, Kenly, NC 27542
      View Details
    • $25,000

      Vacant Land in Kenly, NC

      0.317 acres of land for sale in Kenly, NC.
      000 Wiggs Street, Kenly, NC 27542
      View Details
    • $150,000

      4.89 Acre Wooded Lot

      4.89 acre wooded lot perfect for dream home.
      1215 Cuddington Road, Kenly, NC 27542
      View Details
    • $137,500
      2,200 SF

      Historic Building in Downtown Kenly

      Historic building with retail and office space for sale.
      110 W 2nd Street, Kenly, NC 27542
      View Details
    • $49,000

      Wooded Lot Near Kenly, NC

      0.82 acre wooded lot outside Kenly, no city taxes.
      Cuddington Road, Kenly, NC 27542
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in Kenly, North Carolina.
    Where is this residential land & home lot located?
    The property is located at Tilghman Street Kenly, NC.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Two lots totaling approximately 0.42 acres, with neighboring house/lot included!; Neighboring house/lot included in sale.; Potential for development (buyer to verify zoning).
    (919) 669-6243
    We can help!
    Listing Contact
    Valorie Stevens
    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!