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

    Wild Cherry Drive lot 70 Vass, NC 28394

    View on Map
    For Sale
    Under Contract
    Contact for pricing

    LAND - Vass, NC

    Lot size:
    0.41 Acres
    Added:
    Nov 26, 2024
    Days on Market:
    497
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for Wild Cherry Drive lot 70

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GC-WL
    Standard status
    Active Under Contract
    APN
    00042026
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    WOODLAKE CC LAKE SURF LOT 70 S

    We can help!

    Listing Contact
    Angela Thompson Group

    Listing agent Angela Thompson Group License #269056

    Listing office Keller Williams Pinehurst 195 Short St, Southern Pines, NC

    Listing date Nov 26, 2024

    MLS# 100477782

    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

    Land For Sale in Vass

    This is an approximately 0.41-acre lot located just outside the Woodlake gates, while still following Woodlake HOA guidelines. Situated on Wild Cherry Drive in Vass, North Carolina, the lot offers a peaceful setting on a quiet dirt road. Please note that utilities have not been extended to the property. The zoning is GC-WL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vass
    County
    Moore
    State
    North Carolina
    Longitude
    -79.2428
    Latitude
    35.2142

    Nearby Similar for Sale

    • $1,060,950

      Prime Commercial Land on US-1

      Commercial property on US-1 with high traffic and development potential.
      Us-1, Vass, NC 28394
      View Details
    • $20,000

      Residential Land in Vass, NC

      Residential lot available in Riverview Acres, Vass, North Carolina.
      221 Riverview Drive, Vass, NC 28394
      View Details
    • $205,000

      Waterfront Lot in Vass, NC

      Waterfront lot to build your dream home with water views.
      797 Daphne Lane, Vass, NC 28394
      View Details
    • $950,000
      2,756 SF

      Turn-Key Restaurant Opportunity in Vass

      Updated restaurant with indoor and outdoor seating in growing Vass.
      3400 US-1, Vass, NC 28394
      View Details
    • $5,500

      Undeveloped Land in Woodlake Community

      0.78 acre lot in gated golf community.
      862 Hudsonia Drive, Vass, NC 28394
      View Details
    • $304,868

      Vass, NC Wooded Land

      15.32 acres of private, wooded land in Vass, NC.
      McGill Road lot: 4, Vass, NC 28394
      View Details
    • $1,060,950

      Prime Commercial Land on US-1

      Commercial property on US-1 in a high-growth area.
      US -1 Highway, Vass, NC 28394
      View Details
    • $55,000

      Land Overlooking Woodlake

      Residential land for sale with lake view in Woodlake, NC.
      893 Loblolly Drive, Woodlake, NC 28394
      View Details
    • $27,000

      Wooded Homesite in Woodlake Subdivision

      0.69-acre wooded homesite in a gated community.
      464 Sweet Gum Drive lot: 177-B, Vass, NC 28394
      View Details
    • $60,000

      Pond-Front Lot in Gated Community

      0.21 acre pond-front lot with water and sewer access.
      846 Greenbriar Drive, Vass, NC 28394
      View Details
    • $65,000

      Acreage in Woodlake Gated Community

      Land with acreage in amenity-rich, gated community.
      883 Loblolly Drive, Vass, NC 28394
      View Details
    • $375,000

      Prime Land in Vass, NC

      7.22 acres with high traffic, ideal for development.
      4690 Us 1 Highway, Vass, NC 28394
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.41 acre lot outside Woodlake gates in Vass, NC.
    Where is this commercial land located?
    The property is located at Wild Cherry Drive lot 70 Vass, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Approximately .41 acre lot.; Located just outside Woodlake gates.; Follows Woodlake HOA guidelines.
    (910) 420-4067
    We can help!
    Listing Contact
    Angela Thompson Group
    Real Estate License ID: 269056
    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!