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

    2309 Butler Circle NW lot 18, Ash, NC 28420

    View on Map
    Claim this Listing
    New
    For Sale
    $32,500

    LAND - Ash, NC

    Lot size:
    0.68 Acres
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 8:06 am

    Property Features for 2309 Butler Circle NW lot 18

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CO-RR
    Standard status
    Active
    APN
    162kc018
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L-18 S-2 Lake Butler Plat 18/90
    Tax Annual Amount
    90

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Brandon A Thomas
    Brandon A Thomas

    Listing agent Brandon A Thomas License #331148

    Listing office Coldwell Banker Sea Coast Advantage-Leland 481 Olde Waterford Way Ste 104, Wilmington, NC

    Listing date May 22, 2026

    MLS# 100575234 Listing URL

    Copyright © 2026 Hive 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

    • Large .67‑acre vacant lot suitable for building a home, getaway, or retreat.
    • Mature trees and natural privacy.
    • Peaceful and convenient location.
    • Low HOA dues.
    • Ideal for full‑time living or a relaxing escape.
    • Plenty of potential for customization.

    Overview

    This 0.67-acre vacant lot presents an opportunity for constructing a home, weekend retreat, or private escape. The property includes mature trees, natural privacy, and a peaceful environment, while also offering convenient access to local amenities. With low HOA dues, this property is suitable for full-time living or a relaxing getaway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Grocery & Convenience Store Daycare Center Food Market HVAC Service Barber Shop Grocery & Convenience Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Ash
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.5402534
    Latitude
    34.009771

    Nearby Similar for Sale

    • $285,000

      Commercial Lot in Growing Corridor

      Corner commercial lot with road frontage in rapidly growing area.
      Pea Landing Rd. NW, Ash, NC 28420
      View Details
    • $395,000

      20.53 Acre Residential Land Tract

      Prime acreage near Shallotte, suitable for estate or development.
      1986 Big Neck Road NW, Ash, NC 28420
      View Details
    • $77,600

      Land Ready For Dream Home

      3.88-acre land in Brunswick County, NC, ready for building.
      5680 Little Prong Road NW lot: 4, Ash, NC 28420
      View Details
    • $236,600

      Land in Southern Brunswick County

      23.65 acres in Ash, NC, great for building.
      Little Prong Road NW lot: 2 & 3, Ash, NC 28420
      View Details
    • $85,000

      Waterfront Land in Gated Community

      Waccamaw River lot perfect for fishing, boating, and relaxing.
      9734 Rivergate Road NW lot: 14, Ash, NC 28420
      View Details
    • $975,000

      89 Acres of Wooded Land

      Large tract of land suitable for multiple uses.
      Ash Little River Road NW, Ash, NC 28420
      View Details
    • $40,000

      Land Ready For Your Home

      1.76-acre land parcel in Brunswick County, North Carolina.
      5700 Little Prong Road NW lot: 2, Ash, NC 28420
      View Details
    • $451,355

      290 AC Hunting Land

      290-acre tract for hunting, fishing, and nature enthusiasts.
      Castaway Lane, Ash, NC 28420
      View Details
    • $195,000

      Land in Southern Brunswick County

      19.49 acres in Ash, NC, suitable for residential or agricultural.
      NW Little Prong Rd NW lot: 4 And 5, Ash, NC 28420
      View Details
    • $125,000

      Undeveloped Land in Ash, NC

      Three acres of undeveloped land available in Ash, North Carolina.
      Ludlum Road NW, Ash, NC 28420
      View Details
    • $1,750,000

      Undeveloped Land in Ash, NC

      133.34 acres of undeveloped land for sale.
      Ash Little River Road NW, Ash, NC 28420
      View Details
    • $24,900

      Wooded Lot in Waccamaw Acres

      0.39-acre wooded property near Ocean Isle and Sunset beaches.
      7112 Mosquito Hill Road NW lot: 30, Ash, NC 28420
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.67-acre vacant lot for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 2309 Butler Circle NW lot 18 Ash, NC.
    What is the asking price?
    The asking price for this property is $32,500.
    What are key features of this property?
    This property features: Large .67‑acre vacant lot suitable for building a home, getaway, or retreat.; Mature trees and natural privacy.; Peaceful and convenient location.
    (252) 413-9927
    We can help!
    Listing Contact
    Brandon A Thomas
    Brandon A Thomas
    Real Estate License ID: 331148
    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
    2309 Butler Circle NW lot: 18, Ash, NC 28420
    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!