Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Selma Industrial Development Opportunity Title is generated by Realmo AI

    268 Old Beulah Rd, Selma, NC 27576

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    191.43 acres of land zoned for industrial development.

    Type:Land
    Lot size:
    191.43 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    89
    Last Refresh:
    May 19 at 10:30 pm

    Property Features for 268 Old Beulah Rd

    General Information

    Standard status
    Active
    Lot size
    191.43 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Teresa Daughtry

    Listing agent Teresa Daughtry License #189895

    Listing office Harris Realty & Land

    Listing date Mar 9, 2026

    Source Crexi

    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 Harris Realty & Land

    HighLights

    • 191.43‑acre land parcel, zoned R‑20 and R‑10, ideal for industrial development.
    • Competitive pricing at $7,500,000 or $0.90 per SF.
    • Conveniently located near Hwy 70 By‑Pass, providing seamless connectivity.
    • Sewer line access enhances development possibilities and cost‑effectiveness.
    • Option to individually purchase each track, offering investment flexibility.
    • Located near Rudy Theatre and Buffalo Creek Greenway, offering recreational options.

    Overview

    Located at 268 Old Beulah Rd/River Rd, Selma, NC 27576, this 191.43-acre land parcel presents an unmatched development opportunity. Zoned R-20 and R-10, the property is priced at $7,500,000, which equates to $0.90 per square foot. Its location near Hwy 70 By-Pass ensures seamless connectivity for businesses. A sewer line is present, enhancing development possibilities and allowing for cost-effective infrastructure installments. Investors have the option to individually purchase each track, ensuring flexibility in investment strategies. The property's proximity to attractions like Rudy Theatre and Buffalo Creek Greenway offers recreational options for future employees. This location is suited for industrial ventures, offering a chance to shape the future of Selma's landscape.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Auto Repair Shop Computer & Electronic Repair Nursing Home Nursing Home (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.289315
    Latitude
    35.560288

    Nearby Similar for Sale

    • $529,000
      3,050 SF

      New Duplex with Rental Income

      2024 built duplex with tenant, 4 beds and 2.5 baths.
      203 N Sellers Street, Selma, NC 27576
      View Details
    • $139,000
      374 SF

      Historic Selma Commercial Property For Sale

      Turnkey barber shop in downtown Selma with ample parking.
      101 E Railroad Street, Selma, NC 27576
      View Details
    • $449,000
      2,510 SF

      New Duplex in Selma, NC

      New construction duplex with 3 bedrooms and 2.5 baths.
      408 E Waddell Street, Selma, NC 27576
      View Details
    • $2,408,000
      16,930 SF

      Downtown Selma Duplex Investment Opportunity

      Five duplex buildings in downtown Selma, built in 2021-2022.
      207 N Sellers Street, Selma, NC 27576
      View Details
    • $159,000

      Selma Land with Subdivision Potential

      3.11 acre lot with subdivision potential and road frontage.
      03 New Creech Road, Selma, NC 27576
      View Details
    • $159,000

      Selma, NC Land Opportunity

      3.11 acre lot with subdivision potential and road frontage.
      New Creech Road lot: 4, Selma, NC 27576
      View Details
    • $110,000

      2.4 Acres Corner Lot Selma

      2.4-acre corner lot with road frontage, suitable for recreation/agriculture.
      26 Phillips Road, Selma, NC 27576
      View Details
    • $1,353,450

      38 Acres in Selma, NC

      38-acre land parcel at NC Hwy 96 and Old Beulah Road.
      N Nc Hwy 96, Selma, NC 27576
      View Details
    • $83,000

      Selma, NC Land Opportunity

      Spacious lot near amenities, ideal for building your dream home.
      N Webb Street, Selma, NC 27576
      View Details
    • $79,900

      Residential Lot in Selma, NC

      1.3 acre residential lot ready for your dream home.
      5721 Us Hwy 301 N, Selma, NC 27576
      View Details
    • $1,080,250

      43 Acres on Campground Road

      43 acres of land for sale in Selma, North Carolina.
      Campground Road, Selma, NC 27576
      View Details
    • $2,761,850

      78 Acres in Johnston County

      78 acres of land for sale in Johnston County.
      1704 Old Beulah Road, Selma, NC 27576
      View Details

    FAQs

    What type of property is this?
    Industrial land - 191.43 acres of land zoned for industrial development.
    Where is this industrial land located?
    The property is located at 268 Old Beulah Rd Selma, NC.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 191.43‑acre land parcel, zoned R‑20 and R‑10, **ideal for industrial development**.; Competitive pricing at $7,500,000 or $0.90 per SF.; Conveniently located near Hwy 70 By‑Pass, providing seamless connectivity.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Teresa Daughtry
    Real Estate License ID: 189895
    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
    268 Old Beulah Rd, Selma, NC 27576
    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!