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

    106 Belgrade Swansboro Road, Swansboro, NC 28584

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,250,000

    Farmland available with existing communication tower lease.

    Type:Lots/Land
    Lot size:
    16.85 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 106 Belgrade Swansboro Road

    General Information

    Standard status
    Active
    Lot size
    16.85 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Charles A Rawls

    Listing agent Charles A Rawls License #218160

    Listing office Mary Rawls Realty Inc

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mary Rawls Realty Inc

    HighLights

    • Property is currently used for farming.
    • Includes an annual farm lease.
    • Features a Long Term Communication Tower site Lease.
    • Property is fenced.
    • Animals are present on the property.
    • Communication Tower on site.

    Overview

    This property is primarily used for farming under an annual farm lease. A long-term communication tower site lease is in place. When showing the property, precautions should be taken to prevent animals from escaping the fenced area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Swansboro
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.1618601
    Latitude
    34.7086276

    Nearby Similar for Sale

    • $99,000

      Swansboro Commercial Land For Sale

      0.51-acre commercial parcel with workshop in Swansboro, North Carolina.
      187 Queens Creek Road, Swansboro, NC 28584
      View Details
    • $420,000

      ICWW Access Land with Slip

      Waterfront lot with deeded slip and ICWW access.
      221 Deer Island Road, Swansboro, NC 28584
      View Details
    • $979,000

      Waterfront Homesite in Swansboro, NC

      1.07-acre waterfront homesite with 625 feet of frontage.
      117 Lydia Drive lot: 11 & 11A, Swansboro, NC 28584
      View Details
    • $7,350,000

      Coastal Land Investment Opportunity

      Large coastal land tract near Swansboro, NC, for residential development.
      246 Amphitheater Drive, Swansboro, NC 28584
      View Details
    • $78,500

      Swansboro Land Ready to Build

      Three connected lots, cleared and ready for development in Swansboro.
      328 Ace Lane, Swansboro, NC 28584
      View Details
    • $159,900

      Waterview Lot in Swansboro, NC

      Residential land with foundation and septic in place near water.
      199 Camp Queen Road lot: 2, Swansboro, NC 28584
      View Details
    • $425,000

      Waterfront Lot in Swansboro, NC

      0.6-acre waterfront lot with Intracoastal Waterway views.
      Ned Lane, Swansboro, NC 28584
      View Details
    • $585,000
      1,480 SF

      Swansboro Commercial Property For Sale

      Versatile commercial property with warehouse and retail potential.
      120 Leslie Lane, Swansboro, NC 28584
      View Details
    • $440,000

      Swansboro Commercial Development Opportunity

      High-density retail development land in Swansboro, North Carolina.
      108 Ward Road, Swansboro, NC 28584
      View Details
    • $79,900

      Residential Lot Near Emerald Isle

      Residential lot near Emerald Isle, golf, boating, and hiking.
      701 Old Church Road, Swansboro, NC 28584
      View Details
    • $238,000

      Waterfront Homesite in Swansboro, NC

      0.64-acre waterfront homesite with community boat access.
      240 River Reach Drive lot: 25, Swansboro, NC 28584
      View Details
    • $85,000

      Residential Lot in Quiet Subdivision

      Located conveniently to Swansboro, beaches, rivers, creeks, parks, and shopping.
      125 River Reach W Drive, Swansboro, NC 28584
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Farmland available with existing communication tower lease.
    Where is this agricultural land / farmland located?
    The property is located at 106 Belgrade Swansboro Road Swansboro, NC.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Property is currently used for farming.; Includes an annual farm lease.; Features a Long Term Communication Tower site Lease.
    (910) 326-5980
    We can help!
    Listing Contact
    Charles A Rawls
    Real Estate License ID: 218160
    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
    106 Belgrade Swansboro Road, Swansboro, NC 28584
    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!