Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Potential, Double Wide Title is generated by Realmo AI

    4527 Lake Wilson Road, Elm City, NC 27822

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    Land with potential, includes a 960 sq. ft. double wide.

    Type:Lots/Land
    Property size:
    960 SF
    Lot size:
    1.37 Acres
    Price / SF:
    $156/SF
    Added:
    Mar 24, 2026
    Days on Market:
    59
    Last Refresh:
    Apr 5 at 10:18 pm

    Property Features for 4527 Lake Wilson Road

    General Information

    Standard status
    Active
    Size
    960 SF
    Lot size
    1.37 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Louie Bowen

    Listing agent Louie Bowen License #349095

    Listing office ROANOKE REALTY TEAM

    Listing date Mar 24, 2026

    Source Exitrealty

    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 ROANOKE REALTY TEAM

    HighLights

    • Gorgeous lot with loads of potential.
    • 960 sq. ft. double wide conveys with property.
    • Double wide conveys at no monetary value.

    Overview

    This property features a lot with potential. A 960 sq. ft. double wide conveys with the property at no monetary value.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Bakery Garden Center Veterinary Clinic Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elm City
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.9214543
    Latitude
    35.7870401

    Nearby Similar for Sale

    • $52,000

      Elm City Land Opportunity

      1.82 acre lot in established neighborhood near Wilson, NC.
      6220 Barney Road lot: 14, Elm City, NC 27822
      View Details
    • $650,000

      45 Acres Development Land, NC

      45 acres of land suitable for development in Wilson County.
      E Langley Road, Elm City, NC 27822
      View Details
    • $650,000

      45 Acres Land, Elm City

      45 acres of land perfect for development in Elm City.
      E Langley Road, Elm City, NC 27822
      View Details
    • $50,000

      Elm City Land For Sale

      1.61 acre lot in established neighborhood near Wilson, NC.
      5117 Pleasant Court lot: 43, Elm City, NC 27822
      View Details
    • $325,000

      Elm City Land Opportunity

      11.86 acres of land with endless possibilities.
      4713 A Rosebud Church Road, Elm City, NC 27822
      View Details
    • $750,000

      Elm City Land For Sale

      15 acre commercial land tract in Elm City, North Carolina.
      Us 301 Highway N lot: B, Elm City, NC 27822
      View Details
    • $720,000

      Elm City Land For Sale

      18-acre commercial land tract with highway access in Elm City.
      Us 301 Highway N lot: D, Elm City, NC 27822
      View Details
    • $920,000

      Elm City Development Land

      23-acre development land in Elm City, North Carolina.
      Us 301 Highway N lot: C, Elm City, NC 27822
      View Details
    • $1,100,000

      Elm City Commercial Land

      22-acre commercial land with potential for rezoning.
      Us 301 Highway N lot: A, Elm City, NC 27822
      View Details
    • $929,400

      77 Acres of Land

      77 acres in Elm City, convenient to highways and airport.
      London Church Road, Elm City, NC 27822
      View Details

    FAQs

    What type of property is this?
    Land - Land with potential, includes a 960 sq. ft. double wide.
    Where is this land located?
    The property is located at 4527 Lake Wilson Road Elm City, NC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Gorgeous lot with loads of potential.; 960 sq. ft. double wide conveys with property.; Double wide conveys at no monetary value.
    (252) 792-2300
    We can help!
    Listing Contact
    Louie Bowen
    Real Estate License ID: 349095
    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
    4527 Lake Wilson Road, Elm City, NC 27822
    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!