94+ Acres with Heated
For Sale
$1,300,000
3567 Tot Hill Farm Rd, Asheboro, NC 27205
Rural acreage featuring a 9,000 sq ft heated accessory building.
Property Size9,000 SF
Lot Size94.00 Acres
Price / SF$144.44
Days on Market241
Property Features for 3567 Tot Hill Farm Rd
General Information
Standard status
Active
Size
9,000 SF
Lot size
94.00 Acres
Property subtype
Vacant Land
Listing Agency:
TKB Realty Group LLC
Listed By:
Kara Farrar
(336) 963-5377
Source:
Burlingtonnchomes4sale
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 30 at 5:31PM
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 TKB Realty Group LLC
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Investment Insights
Based on property information with market context.
This property features over 94 acres of rural land, offering potential for a dream home, hunting, and farming. A 9,000 sq ft heated accessory building includes a 14ft roll-up door and one bathroom. The property has an automatic security gate at the entrance. Two parcels are included, providing an easement, driveway, and a large tract of land. The building uses a current well with a water softener and septic system. An additional driveway is proposed for private entrance to the homesite before reaching the accessory building. The building could be used for luxury cars, boats, RVs, a home gym, or even a pickleball court. Site-built, modular, or manufactured homes are allowed. The property also includes an old tobacco barn and a historical gravesite from the 1800s. An easement and road maintenance agreement are already in place. The property is secured by a security gate with cameras on site.
Key Highlights
- 94+ Acres of Rural Land: Ample space for hunting, farming, and building.
- 9000 Sq Ft Heated Accessory Building: Featuring a 14ft roll‑up door and bathroom.
- Perc Test on File for Home: Simplifies residential construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,531
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,620
$870.6K
Cap Rate 7%
$621,871
$621.9K
Cap Rate 9%
$483,678
$483.7K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$54.5K $6.06/SF
− Vacancy
−$3.3K −$0.37/SF
EGI
$51.2K $5.69/SF
− OpEx
−$7.7K −$0.85/SF
NOI
$43.5K $4.84/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,620
Cap Rate 7%
$621,871
Cap Rate 9%
$483,678
Alternative Uses
Best Use
Warehouse
$621.9K
$544.1K – $725.5K
NOI $43,531 @ 7.0% cap · market cap 3.35%
Second Best
Industrial
$512.1K
$448.1K – $597.5K
NOI $35,849 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,715 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 27205, NC
33,562
Population
15,487
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
84%
High-School Grad
223.7 sq mi
ZIP Area
150
Density / Sq Mi
$63,577
Median Household Income
$39,126
Median Earnings
$789
Median Rent
$191,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Rural acreage featuring a 9,000 sq ft heated accessory building.
Where is this agricultural land / farmland located?
The property is located at 3567 Tot Hill Farm Rd Asheboro, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 94+ Acres of Rural Land: Ample space for hunting, farming, and building.; 9000 Sq Ft Heated Accessory Building: Featuring a 14ft roll‑up door and bathroom.; Perc Test on File for Home: Simplifies residential construction.
