Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1715 E Old Spring Hope Road Nashville, NC 27856

    View on Map
    Claim this Listing
    New
    For Sale
    $1,438,690

    LAND - Nashville, NC

    Lot size:
    130.79 Acres
    Added:
    May 2, 2026
    Days on Market:
    4
    Last Refresh:
    May 5 at 12:06 am

    Property Features for 1715 E Old Spring Hope Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A1
    Vegetation
    Heavily Wooded, Cleared
    Standard status
    Active
    APN
    300298, 303199
    Lot size
    130.79 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    I9 90, 71.62 Ac, P B Richardson Tract, Pt 5 M Bone Ac, 1H, P B Richardson Tract, Pt 5 M Bone 9 90, 71.62 AC, P B RICHAR
    Tax Annual Amount
    1030

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Nikehchi Woherem

    Listing agent Nikehchi Woherem License #298429

    Listing office NC Land and Home 3201 Edwards Mill Rd Ste 141-6, Knightdale, NC

    Listing date May 2, 2026

    MLS# 10164586 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.

    Overview

    Nash County Recreational and Agricultural Farm

    This 130.79-acre farm in Nash County offers both recreational and agricultural opportunities. Located less than an hour from Raleigh and minutes from U.S. 64 and I-95, the property has been a destination for a hunting club. The diverse terrain includes mature hardwoods, towering pines, a stream, creek bottom, and open fields, creating a habitat for a variety of game. A navigable trail system provides access throughout the acreage. A pond sits at the heart of the property. The multiple water features attract wildlife, enhancing hunting opportunities. This active farm features multiple productive fields, partial fencing, and soils indicating potential for several private home sites. Electricity is already on the property, and a well provides additional infrastructure. The property is zoned A1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Gym & Fitness Center Department Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Nash
    State
    North Carolina
    Longitude
    -77.954347
    Latitude
    35.946992

    Nearby Similar for Sale

    • $2,525,000

      Expansive Farmland Opportunity in Nashville

      203.29 acre tract ideal for farming or development.
      1176 Parker Road, Nashville, NC 27856
      View Details
    • $399,000

      Ready-to-Build 36-Acre Land Parcel

      36-acre parcel ready for new home construction near Nashville, NC.
      4087 Batchelor Road, Nashville, NC 27856
      View Details
    • $2,080,000

      166-Acre Land in Nashville, NC

      166.31-acre property with agriculture, development, and hunting potential.
      Sykes Road, Nashville, NC 27856
      View Details
    • $400,000

      Waterfront Land in Nashville, NC

      8.5-acre waterfront property on Sapony Creek/Tar River.
      Tract 1 Leon Road, Nashville, NC 27856
      View Details
    • $400,000

      Nashville, NC Land For Sale

      10+- acre lot with clear and wooded areas.
      Leon Road, Nashville, NC 27856
      View Details
    • $200,000

      20 Acres Hunting Land Nashville

      20-acre wooded parcel suitable for hunting or rural living.
      7818 McGregor Road, Nashville, NC 27856
      View Details
    • $35,000

      Residential Land in Nashville, NC

      0.68 acre lot ready for your next home.
      Mccoy Drive lot: 2, Nashville, NC 27856
      View Details
    • $60,500

      Nashville Land For Sale

      1.99 acre lot in Nashville, North Carolina.
      W Castalia Road, Nashville, NC 27856
      View Details
    • $550,000

      54 Acres Rural Living Nashville

      54+ acres with renovated farmhouse near Nashville, North Carolina.
      1202 Willow Brook Road, Nashville, NC 27856
      View Details
    • $45,000

      Nashville Land with Quiet Beauty

      10+ acres of land in a proud community.
      550 Indian Trail, Nashville, NC 27856
      View Details
    • $2,500,000

      Nashville, NC Land Opportunity

      Prime land opportunity near Nashville, NC with development potential.
      407 Avents Lane, Nashville, NC 27856
      View Details
    • $1,299,000

      104-Acre Development Property Near I-95

      Development property near I-95 with utilities and residential potential.
      2351 Reges Store Road, Nashville, NC 27856
      View Details

    FAQs

    What type of property is this?
    Farm - 130.79 acres in Nash County with recreational and agricultural potential.
    Where is this farm located?
    The property is located at 1715 E Old Spring Hope Road Nashville, NC.
    What is the asking price?
    The asking price for this property is $1,438,690.
    What are key features of this property?
    This property features: 130.79+\/- acre farm offering both recreational and agricultural opportunities.; Conveniently located less than an hour from Raleigh, with quick access to U.S. 64 and I‑95.; Diverse terrain featuring mature hardwoods, pines, a stream, creek bottom, open fields, and a pond.
    (252) 314-9507
    We can help!
    Listing Contact
    Nikehchi Woherem
    Real Estate License ID: 298429
    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
    1715 E Old Spring Hope Road, Nashville, NC 27856
    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!