Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2101 Us-258 Tarboro, NC

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with road frontage, suitable for commercial and residential development.

    Lot size:
    193.00 Acres

    Property Features for 2101 Us-258

    General Information

    Lot size
    193.00 Acres

    We can help!

    Listing Contact
    Chris Lilley
    Chris Lilley
    Source: Moodyscre

    Listing Agent: Chris Lilley

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

    Learn more

    Overview

    Farm Land with Development Potential

    This farm features gently rolling elevations leading to the Tar River, with a mix of cleared and wooded land, streams, ponds, and the Tar River forming its eastern boundary. Situated just outside Tarboro city limits, the property is suitable for various development projects. The proposal includes commercial acreage along 1300 feet of road frontage on Highway 258, multi-family housing acreage integrated with the existing wooded landscape, and single-family homesites towards the river. Water, sewer, and electricity are accessible through the town of Tarboro, with sewer service located nearby. Piedmont also provides a natural gas line to the property. The property is currently zoned as agricultural and is located in an opportunity zone. Zoning boundaries for future development types will be determined by the buyer, seller, and the town of Tarboro.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarboro
    County
    Edgecombe
    State
    North Carolina
    Longitude
    -77.5358049
    Latitude
    35.8968236

    Nearby Similar for Sale

    • $2,308,000
      404.30 Acres

      404-Acre Farm with Income Potential

      404-acre farm featuring cropland, timber, and income-generating leases.
      2 Nc Highway 33, Tarboro, NC 27886
      View Details
    • $1,592,000
      278.80 Acres

      278.8 Acre Farm For Sale

      278.8 acre farm with cropland and pine plantation near Tarboro.
      1 Nc Highway 33, Tarboro, NC 27886
      View Details
    • $675,000
      10,080 SF

      Freestanding Building on US Highway

      Versatile building with frontage, visibility, and convenient access.
      1709 Us Highway 258, Tarboro, NC 27886
      View Details
    • $400,000
      2,481 SF

      Prime Tarboro Commercial Land & Building

      3.6 Acres, 2481 sq ft building, $400,000
      10183 Us 258, Tarboro, NC 27886
      View Details
    • $725,000
      10,080 SF

      Prime Tarboro Commercial Property

      10,080 SF, 2.07 Acres, $725,000
      1709 Us258, Tarboro, NC 27886
      View Details
    • $100,000
      1.60 Acres

      Prime Tarboro Commercial Land

      1.6-acre lot, ideal for development. High potential.
      1501 Barlow Rd, Tarboro, NC 27886
      View Details
    • $340,000
      4,662 SF

      Prime Tarboro Commercial Property

      Spacious building, great location, 0.68 acres
      401 Saint James St, Tarboro, NC 27886
      View Details
    • Contact for pricing
      106,693 SF

      Tarboro Office Building - 106K SF

      Spacious Office Building, Prime Location
      720 Western Blvd, Tarboro, NC 27886
      View Details
    • Contact for pricing
      106,693 SF

      106,000 S.F. Office/Call Center

      106,000 S.F. Office/Call Center - Subject to Lease & Build to Suit
      720 Western Blvd, Tarboro, NC 27886
      View Details

    FAQs

    What type of property is this?
    Land - Land with road frontage, suitable for commercial and residential development.
    Where is this land located?
    The property is located at 2101 Us-258 Tarboro, NC.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Development potential for commercial, multi-family, and single-family housing.; - Located on the Tar River with streams and ponds.; - 1300 feet of road frontage on Highway 258.
    (252) 355-7006
    Request Owner's contact information
    2101 Us-258 Tarboro, NC
    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.
    2101 Us-258
    Tarboro, NC
    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
    2101 Us-258 Tarboro, NC
    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

    We can help!
    Listing Contact
    Chris Lilley
    Chris Lilley
    Real Estate License ID: NC 258871
    (252) 355-7006
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.