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    Wooded Recreational Land with Horse Barn Title is generated by Realmo AI

    624 Dismal Road, Hallsboro, NC 28442

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    Claim this Listing
    For Sale
    Under Contract
    $199,900

    LAND - Hallsboro, NC

    Lot size:
    32.22 Acres
    Added:
    Aug 26, 2025
    Days on Market:
    283
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 624 Dismal Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GU
    Standard status
    Active Under Contract
    APN
    1210.01-06-1682.000
    Lot size
    32.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    3 parcels: 1210.01-06-1682.000, 1210.01-06-4284.000, 1210.01-16-0431.000
    Tax Annual Amount
    293

    We can help!

    Listing Contact
    Caitlyn N Bass

    Listing agent Caitlyn N Bass License #331497

    Listing office Mossy Oak Properties Land and Farms 626 Lewis Road, Fountain, NC

    Listing date Aug 26, 2025

    MLS# 100527593 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

    • 32.22 acres of wooded land with timber potential and no deeded restrictions.
    • Includes a functional 3‑stall horse barn.
    • Abundant wildlife due to wetlands, ideal for hunting and nature enthusiasts.
    • Existing fencing provides a starting point for livestock or hobby farm.
    • Older mobile home on site provides a potential building footprint.
    • Not located in a FEMA floodplain.

    Overview

    This offering is 32.22 acres of fully wooded land featuring a healthy mix of hardwoods and pines. A portion of the property includes wetlands, which supports a wildlife environment suitable for hunting and birdwatching. The land also includes an on-site horse barn with three stalls, plus some fencing that is already in place. While certain areas may need repair, the property provides a workable base for raising livestock, keeping horses, or setting up a hobby farm. An older mobile home is also present on the site and is described as being sold with no value, but it may offer an initial footprint for future planning.

    The property is located at 624 Dismal Road in Hallsboro, North Carolina, in Columbus County. The listing notes zoning of GU and states there are no deeded restrictions. It also indicates that none of the acreage is located in the FEMA floodplain.

    Given the combination of wooded cover, wetlands, existing fencing, and a functional 3-stall barn, this land can work well for buyers seeking a private homestead or a recreational property for trail riding, hunting, and camping-style use. For operators or individuals looking for flexible acreage without deeded restrictions, the property’s mix of timber areas and habitable site elements may support a variety of land-based plans while remaining consistent with the features described in the listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Building Supply Big Box & Wholesale Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallsboro
    County
    Columbus
    State
    North Carolina
    Longitude
    -78.634631
    Latitude
    34.317377

    Nearby Similar for Sale

    • $19,900

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      0.79 acre residential land with old house.
      408 Mill Quarters Road lot: 2, Hallsboro, NC 28442
      View Details
    • $535,000

      65 Acres of Wooded Land

      Large land parcel near Lake Waccamaw and Wilmington, NC.
      644 Cherry Town Road, Hallsboro, NC 28442
      View Details
    • $15,000

      Land Near Lake Waccamaw

      Residential land parcel near Lake Waccamaw in Hallsboro, North Carolina.
      356 Mill Quarter Road, Hallsboro, NC 28442
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 32+ acres of wooded hardwoods and pines with a 3-stall horse barn, wetlands, and fencing in place for livestock or recreation.
    Where is this agricultural land / farmland located?
    The property is located at 624 Dismal Road Hallsboro, NC.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: 32.22 acres of wooded land with timber potential and no deeded restrictions.; Includes a functional 3‑stall horse barn.; Abundant wildlife due to wetlands, ideal for hunting and nature enthusiasts.
    (910) 625-8720
    We can help!
    Listing Contact
    Caitlyn N Bass
    Real Estate License ID: 331497
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    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.

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