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    Residential Land Lot in Subdivision Title is generated by Realmo AI

    7347 Sun Harbor Drive, Browns Summit, NC 27214

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    Picture of Residential land & home lots at 7347 Sun Harbor Drive, Browns Summit, NC
    For Sale
    $75,000

    LAND - Browns Summit, NC

    Type:Single Family Residence
    Lot size:
    2.45 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for 7347 Sun Harbor Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RS30
    Standard status
    Active
    Lot size
    2.45 Acres

    Taxes and HOA fees

    Tax Description
    59 PH4A Friendship Glen PPB 152-129 PL:152-129

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Sara Clark

    Listing agent Sara Clark

    Listing office LEWIS & CLARK, REALTORS greensboro, NC

    Listing date Jun 2, 2026

    MLS# 1198482 Listing URL

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Water source: well; sewer: septic tank
    • Friendship Glen subdivision in Browns Summit, Guilford County, NC 27214
    • Zoned RS‑30 for residential single‑family homes
    • No HOA fees
    • Community located off Friendship Church Road (near 150E), with 15–20 minutes access to Greensboro via US‑29

    Overview

    This offering is a residential lot in Friendship Glen, a quiet and well-established subdivision designed for single-family home construction. The property is zoned RS-30 (residential single family), and it includes a rural feel with gently rolling terrain. The community is described as having no HOA fees, which can help simplify long-term ownership costs.

    The lot is located off Friendship Church Road, near 150E, in Browns Summit within Guilford County, North Carolina. The remarks indicate convenient access to Greensboro and Burlington, and the area is served by Guilford County Schools. The county tax profile is described as low in the listing materials.

    For buyers seeking to build a custom residence, this parcel can be an attractive fit given its subdivision setting, residential zoning, and absence of HOA fees. If you are looking for land that supports a straightforward path to a single-family build while still offering a more established neighborhood environment, this lot within Friendship Glen is worth considering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Electrical Service Nursing Home Nursing Home Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Browns Summit
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.650963
    Latitude
    36.205692

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    FAQs

    What type of property is this?
    Residential land & home lot - Build a custom single-family home on a spacious lot in a quiet subdivision with no HOA fees.
    Where is this residential land & home lot located?
    The property is located at 7347 Sun Harbor Drive Browns Summit, NC.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Water source: well; sewer: septic tank; Friendship Glen subdivision in Browns Summit, Guilford County, NC 27214; Zoned RS‑30 for residential single‑family homes
    (336) 312-5782
    We can help!
    Listing Contact
    Sara Clark
    Request Owner's contact information
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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.

    More about this property
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