Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Lot in Growing Franklinton Title is generated by Realmo AI

    Carver Street, Franklinton, NC 27525

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Franklinton, NC

    Lot size:
    0.74 Acres
    Added:
    Jul 5, 2025
    Days on Market:
    320
    Last Refresh:
    May 20 at 9:06 pm

    Property Features for Carver Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RMH
    Vegetation
    Partially Wooded, Brush, Grassed
    Standard status
    Active
    APN
    009327
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    WASHINGTON EST A LOTS
    Tax Annual Amount
    548

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Sharese McFarlin

    Listing agent Sharese McFarlin License #287241

    Listing office Costello Real Estate & Investm 911 Paverstone Drive Suite A, Garner, NC

    Listing date Jul 5, 2025

    MLS# 10107506 Listing URL

    Copyright © 2026 Doorify 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

    • Large .74‑acre lot offers ample space and potential.
    • No HOA and minimal restrictions provide flexibility for building.
    • Conveniently located near Franklinton, Wake Forest, Youngsville, and major highways.
    • Suitable for site‑built or manufactured homes.
    • Ideal for builders, investors, or primary residence.
    • Less than 40 minutes to Downtown Raleigh and RTP.

    Overview

    This 0.74-acre lot is located in Franklinton, North Carolina. The property is suitable for a site-built or manufactured home, with no HOA and minimal restrictions. It offers a rural setting and is located minutes from downtown Franklinton and a short drive to Wake Forest, Youngsville, and major highways. Downtown Raleigh and RTP are less than 40 minutes away. The property is zoned RMH and is suited for builders, investors, or anyone looking to build a primary residence in a fast-growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Franklinton
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.445762
    Latitude
    36.095875

    Nearby Similar for Sale

    • $350,000
      2,520 SF

      Revitalized Franklinton Commercial Opportunity

      2,520 sqft building near downtown Franklinton with income potential.
      208 E Mason, Franklinton, NC 27525
      View Details
    • $330,000

      Franklin County Usable Rural Acreage

      23.5 acres in growing Franklin County, near Franklinton, NC.
      187 Clarence Alston Road, Franklinton, NC 27525
      View Details
    • $185,000

      Land with Existing Utilities

      3-acre lot with utilities in Franklinton, being sold as-is.
      26 Hals Way, Franklinton, NC 27525
      View Details
    • $69,900

      Franklinton, NC 0.69-Acre Lot

      Partially wooded lot near Raleigh and Wake Forest.
      816 Mitchell Avenue, Franklinton, NC 27525
      View Details
    • $20,000

      Land Near Gupton Lake

      Raw land with lake view near Franklinton, North Carolina.
      72 Walden Lane, Franklinton, NC 27525
      View Details
    • $48,000

      Residential Land in Franklinton, NC

      1.75 acre lot in Big Oak Farms Subdivision.
      4050 Oak Ridge Court, Franklinton, NC 27525
      View Details
    • $250,000

      Undeveloped Land in Franklinton, NC

      10-acre tract of undeveloped land with endless possibilities.
      Pocomoke Road, Franklinton, NC 27525
      View Details
    • $200,000

      Franklinton, NC 10-Acre Lot

      10-acre lot in new community near Franklinton, NC.
      W River Road lot: 2, Franklinton, NC 27525
      View Details
    • $250,000

      Undeveloped Land in Franklinton, NC

      10-acre tract of undeveloped land with endless possibilities.
      Pocomoke Road, Franklinton, NC 27525
      View Details
    • $475,000

      Waterfront Land in Franklinton, NC

      13.16-acre waterfront property on Timmerman Pond.
      705 Timberlake Road, Franklinton, NC 27525
      View Details
    • $85,000

      Land Near Downtown Franklinton

      Residential land near Franklinton, NC, suitable for various housing.
      W River Road, Franklinton, NC 27525
      View Details
    • $235,000

      Lake View Lot in Franklinton

      Rare lake view lot near downtown Franklinton with mature trees.
      Oak Forest lot: 3E, Franklinton, NC 27525
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.74-acre lot, site-built or manufactured homes allowed, no HOA.
    Where is this residential land & home lot located?
    The property is located at Carver Street Franklinton, NC.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Large .74‑acre lot offers ample space and potential.; No HOA and minimal restrictions provide flexibility for building.; Conveniently located near Franklinton, Wake Forest, Youngsville, and major highways.
    (919) 791-9504
    We can help!
    Listing Contact
    Sharese McFarlin
    Real Estate License ID: 287241
    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
    Carver Street, Franklinton, NC 27525
    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!