Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    605 N Timberly Burgaw, NC 28425

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $65,000

    Vacant lot ready for new construction in a growing area.

    Added:
    Jun 12, 2025
    Days on Market:
    329
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 605 N Timberly

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    ANDREW SMITH

    Listing agent ANDREW SMITH License #261724

    Listing office COASTAL REALTY ASSOCIATES LLC

    Listing date Jun 12, 2025

    Source Corcoran

    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 COASTAL REALTY ASSOCIATES LLC

    Overview

    Build-Ready Lot in Downtown Burgaw

    This 0.26-acre vacant lot is located in downtown Burgaw and is zoned R7. It is ready for construction with water and sewer available in front of the property. The lot has been cleared, and a tree line has been preserved at the back for added privacy. Five loads of dirt have been brought in and graded. The Cove at N. Timberly will consist of four single-family homes, with two new construction homes already completed. There is no HOA, allowing buyers to use any builder and design their preferred home. The property is described as turnkey ready. This lot represents an investment opportunity in a growing area with increasing demand for housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burgaw
    County
    Pender
    State
    North Carolina
    Longitude
    -77.9241
    Latitude
    34.5596

    Nearby Similar for Sale

    • $249,900

      Burgaw Acreage with Highway Frontage

      7.23 acres near Burgaw, NC, suitable for development.
      0 Hwy 421 S. Malpass Corner, Burgaw, NC 28425
      View Details
    • $350,000

      7.1 Acres in Burgaw, NC

      7.1-acre property with commercial potential in Burgaw, North Carolina.
      5891 Us Hwy. 117, Burgaw, NC 28425
      View Details
    • $499,000

      34-Acre Land Parcel in Burgaw

      Land with permits near I-40 exit 398 in Burgaw, NC.
      Harrell Road, Burgaw, NC 28425
      View Details
    • $749,000

      Approved Townhome Project in Burgaw

      Approved 30-unit townhome project in the heart of Burgaw.
      559 N Timberly Lane, Burgaw, NC 28425
      View Details
    • $700,000
      13,200 SF

      Warehouse Buildings on Highway 53

      13,200 SF warehouse on 12.69 acres near Wilmington.
      4815 Carolina 53, Burgaw, NC 28425
      View Details
    • $47,500

      Acreage for Outdoor Enjoyment

      Two-acre lot suitable for outdoor activities and agricultural use.
      351 Burgaw Creek Loop Road, Burgaw, NC 28425
      View Details
    • $50,000

      Riverfront Land in Burgaw, NC

      Private riverfront property with mature trees and recreational opportunities.
      Ruddy Duck Lane lot: 19, Burgaw, NC 28425
      View Details
    • $169,000

      Land in Burgaw, North Carolina

      5.51 acre land parcel with development potential in Burgaw, NC.
      65 Old Blakes Bridge Road, Burgaw, NC 28425
      View Details
    • $140,000

      Cleared Land Parcel in Burgaw

      3-acre cleared lot near Burgaw, ready for your dream home.
      Malpass Corner Road lot: A, Burgaw, NC 28425
      View Details
    • $140,000

      Burgaw Land with Septic Permit

      3.4 acres of land near downtown Burgaw, NC.
      2 Page Road, Burgaw, NC 28425
      View Details
    • $95,000

      Private Acreage Near Cape Fear River

      1.2 acres with potential for investors or visionary buyers.
      116 Branch Drive, Burgaw, NC 28425
      View Details
    • $50,000

      Wooded Homesite in Burgaw, NC

      One-acre wooded homesite near Burgaw, ideal for building a home.
      Copperhead Lane lot: 4, Burgaw, NC 28425
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot ready for new construction in a growing area.
    Where is this land located?
    The property is located at 605 N Timberly Burgaw, NC.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Build‑ready lot with water and sewer available in front of the property.; Cleared lot featuring a preserved tree line for privacy.; No HOA, allowing buyer to use any builder and design their own home.
    (910) 262-6744
    We can help!
    Listing Contact
    ANDREW SMITH
    Real Estate License ID: 261724
    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
    605 N Timberly, Burgaw, NC 28425
    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!