Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Orrum, NC Vacant Land Title is generated by Realmo AI

    0 Elijah Road, Orrum, NC 28369

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Vacant Land - Orrum, NC

    Lot size:
    3.32 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    249
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 0 Elijah Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    03100200102
    Lot size
    3.32 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Coleman Tatum

    Listing agent Coleman Tatum

    Listing office National Land Realty, Southeastern NC 2220 Peanut Plant Road, Wilmington, NC

    Listing date Sep 16, 2025

    MLS# 11742932 Listing URL

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

    HighLights

    • The provided JSON is invalid. I cannot create a listing without valid selling points.

    Overview

    This 3.32-acre homesite is located on Elijah Road in Orrum. It features paved road frontage and a recent survey has already been completed. This property is suited for a new home, weekend getaway, or private retreat. The land offers a peaceful rural setting. This tract provides privacy and convenience while still being within a reasonable drive to nearby towns and amenities. This property is a spacious homesite in Robeson County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Orrum
    County
    Robeson
    State
    North Carolina
    Longitude
    -78.997022
    Latitude
    34.505009

    Nearby Similar for Sale

    • $64,900

      5-Acre Wooded Land in Orrum

      5-acre property with utilities near Lumber River State Park.
      93 Gods Road, Orrum, NC 28369
      View Details
    • $89,000

      Cleared Land with Dual Frontage

      12.78 acres with road frontage and subdivision potential.
      301 Railroad Road, Orrum, NC 28369
      View Details
    • $39,999

      Residential Lot in Rural Area

      6.48 acre residential lot in Robeson County, North Carolina.
      Wire Grass Road, Orrum, NC 28369
      View Details
    • $39,999

      Residential Lot in Rural Area

      6.48 acre residential lot in a quiet rural area.
      Wire Grass Road lot: 3, Orrum, NC 28369
      View Details
    • $39,999

      Residential Lot in Rural Area

      5.5 acre residential lot in a quiet, rural area.
      Wire Grass Road lot: 2, Orrum, NC 28369
      View Details
    • $39,999

      Residential Lot in Rural Area

      5.5 acre residential lot in a quiet, rural area.
      Wire Grass Road, Orrum, NC 28369
      View Details
    • $39,999

      Residential Lot in Rural Area

      4.72 acre residential lot in a quiet, rural area.
      Wire Grass Road lot: 1, Orrum, NC 28369
      View Details
    • $39,999

      Residential Lot in Rural Area

      Partially cleared 4.5+ acre lot ready for new home.
      Wire Grass Road, Orrum, NC 28369
      View Details
    • $63,600

      Cleared Land with Septic System

      2.6 acres with septic, well, camper, and storage.
      183 Ladybell Drive, Orrum, NC 28369
      View Details
    • $67,000

      Spacious Land Tract in Orrum

      12.27 acres of flexible land, ideal for homesite.
      Barnesville Church Road lot: 7, Orrum, NC 28369
      View Details
    • $120,000

      Orrum, NC Land Opportunity

      18.0+/- acre tract in peaceful countryside of Orrum, NC.
      Tobacco Road, Orrum, NC 28369
      View Details
    • $2,000,000

      57+ Acres in Orrum, NC

      57+ acres ideal for residential and commercial development.
      N Broadridge Road, Orrum, NC 28369
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.32-acre homesite in a peaceful, rural setting.
    Where is this residential land & home lot located?
    The property is located at 0 Elijah Road Orrum, NC.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: The provided JSON is invalid. I cannot create a listing without valid selling points.
    (910) 991-6517
    We can help!
    Listing Contact
    Coleman Tatum
    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
    0 Elijah Road, Orrum, NC 28369
    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!