Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in Merry Hill, NC Title is generated by Realmo AI

    1541 Us-17, Merry Hill, NC 27957

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Merry Hill, NC

    Lot size:
    0.37 Acres
    Added:
    May 7, 2025
    Days on Market:
    380
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 1541 Us-17

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    6843233155
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SCHOOL LOT

    We can help!

    Listing Contact
    Reynolds Mcfarlane

    Listing agent Reynolds Mcfarlane License #341519

    Listing office Carolina Land Experts 509 W North st, Raleigh, NC

    Listing date May 7, 2025

    MLS# 10094456 Listing URL

    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.

    HighLights

    • Rare chance to acquire land in Bertie County.
    • Streamlined online auction process.
    • Property identified as GIS# and NCDOT# 205829.
    • Opportunity to secure a potentially valuable asset.
    • Accepting offers exclusively from adjoining property owners initially.
    • Residue property owned by NCDOT.

    Overview

    This 0.37-acre commercial land is located in Merry Hill, Bertie County, North Carolina. Currently, offers are exclusively accepted from adjoining property owners until May 14, 2025, after which the auction will be made public. This residue property, owned by NCDOT, is being sold via online auction. Identified as GIS# and NCDOT# 205829, this property presents an opportunity to acquire land through a streamlined auction process. Prospective buyers are responsible for conducting their own due diligence to verify street access and lot size. Title will be transferred via QuitClaim Deed, and NCDOT retains the right to cancel the sale before the deed is recorded. A non-refundable Buyer Premium Payment is required in addition to the purchase price. The property is located at 1541 Us-17, Merry Hill, NC 27957.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Department Store Car Rental Facility Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merry Hill
    County
    Bertie
    State
    North Carolina
    Longitude
    -76.793939
    Latitude
    36.032037

    Nearby Similar for Sale

    • $69,900

      Residential Land in Gated Community

      1.3 acre lot in a planned golf community.
      109 Noble Court lot: 80, Merry Hill, NC 27957
      View Details
    • $349,900

      Soundfront Homesite with Custom Plans

      Elevated soundfront homesite with custom plans in gated community.
      118 Kingsview Court lot: 29, Merry Hill, NC 27957
      View Details
    • $56,500

      Cleared Land in Black Rock

      Over one acre lot ready to build on.
      307 Gov Eden House Road, Merry Hill, NC 27957
      View Details
    • $54,999

      Golf Community Homesite Opportunity

      Homesite in premier waterfront golf community with access to amenities.
      110 Prince Court lot: 395, Merry Hill, NC 27957
      View Details
    • $69,549

      Residential Land with Water Views

      Flat homesite with pond views in developing community.
      202 Majestic Circle lot: 62, Merry Hill, NC 27957
      View Details
    • $55,000

      Waterfront Land in Merry Hill

      Waterfront homesite with water views and neighborhood boat ramp.
      419 BATCHELOR BAY Drive, Merry Hill, NC 27957
      View Details
    • $110,000

      Land in Gated Golf Community

      Residential lot in a gated golf community with amenities.
      134 E Royal Way, Merry Hill, NC 27957
      View Details
    • $110,000

      Land in Gated Golf Community

      Residential lot in a gated golf course community.
      132 E Royal Way, Merry Hill, NC 27957
      View Details
    • $75,000

      Land in Gated Golf Community

      Residential land in a gated golf community with amenities.
      171 Herring Lane, Merry Hill, NC 27957
      View Details
    • $115,000

      Land in Gated Golf Community

      Residential lot in a gated golf community with amenities.
      136 E Royal Way, Merry Hill, NC 27957
      View Details
    • $50,000

      Land in Gated Golf Community

      Land in Merry Hill, NC, with golf and water access.
      175 Herring Lane, Merry Hill, NC 27957
      View Details
    • $110,000

      Land Near Golf Course

      Residential lot in gated golf community near Albemarle Sound.
      130 E Royal Way, Merry Hill, NC 27957
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Bertie County via online auction.
    Where is this land located?
    The property is located at 1541 Us-17 Merry Hill, 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: Rare chance to acquire land in Bertie County.; Streamlined online auction process.; Property identified as GIS# and NCDOT# 205829.
    (919) 275-5868
    We can help!
    Listing Contact
    Reynolds Mcfarlane
    Real Estate License ID: 341519
    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
    1541 Us-17, Merry Hill, NC 27957
    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!