Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot Near Lake Gaston Title is generated by Realmo AI

    Highway 903, Littleton, NC 27850

    View on Map
    Claim this Listing
    Picture of Commercial land at Highway 903, Littleton, NC
    For Sale
    $69,950

    COMMERCIAL - Littleton, NC

    Lot size:
    1.00 Acre
    Added:
    Jun 30, 2025
    Days on Market:
    327
    Last Refresh:
    May 22 at 5:06 am

    Property Features for Highway 903

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Barney Watson
    Barney Watson

    Listing agent Barney Watson

    Listing office Lake Gaston Real Estate LLC PO Box 1029, Littleton, NC

    Listing date Jun 30, 2025

    MLS# 139702

    Copyright © 2026 Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial location in the heart of Lake Gaston Business District.
    • Previously approved for septic system for up to 10 employees.
    • County water available.
    • NCDOT obligated to install culvert connecting lot to HWY 903.
    • Minutes from Food Lion Shopping Center and Eaton Ferry Bridge.
    • Desired area for new businesses near Lake Gaston.

    Overview

    This commercial building lot is located near Lake Gaston, in an area suitable for new businesses. The property was previously approved for a septic system accommodating up to 10 employees. County water is available. The lot is situated minutes south of the Food Lion Shopping Center and minutes north of Eaton Ferry Bridge, placing it in the heart of the Lake Gaston Business District. According to NCDOT, there is an obligation to install a culvert to connect the lot to Highway 903. The lot size is 1 acre.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Littleton
    County
    Halifax
    State
    North Carolina
    Longitude
    -77.9092326
    Latitude
    36.435735

    Nearby Similar for Sale

    • $2,295,000
      13,137 SF

      Turn-Key Restaurant & Event Facility

      13,000+ sq ft facility on 3 acres near Lake Gaston.
      235 N Mosby Avenue, Littleton, NC 27850
      View Details
    • $175,000
      865 SF

      Downtown Littleton Commercial Opportunity

      Corner property with two buildings, ideal for various business uses.
      202 East North Main Street, Littleton, NC 27850
      View Details
    • $350,000

      Littleton, NC Commercial Land

      Commercial land for sale in a rapidly growing area.
      Lizard Creek Road lot: 6-9, Littleton, NC 27850
      View Details
    • $1,995,000
      13,137 SF

      Turn-Key Restaurant & Event Facility

      13,000+ sq ft facility near Lake Gaston.
      235 N Mosby Avenue, Littleton, NC 27850
      View Details
    • $399,900
      1,447 SF

      Charming Modern Farmhouse near Lake Gaston

      Turnkey 3-bedroom home with lake access and community amenities.
      151 N Macon Drive, Littleton, NC 27850
      View Details
    • $499,900

      Waterfront Lot in Littleton, NC

      Waterfront lot in established neighborhood with cove and lake views.
      Lot 33 Old Ferry Rd, Littleton, NC 27850
      View Details
    • $449,000
      1,581 SF

      Farmhouse with Wooded Land

      Historic farmhouse on 22 acres near downtown Littleton, NC.
      318 Odell Littleton Road, Littleton, NC 27850
      View Details
    • $350,000

      Littleton, NC Commercial Land

      3.17 acres of commercial land in a growing area.
      LIZARD CREEK ROAD lot: 6-9, Littleton, NC 27850
      View Details
    • $599,663

      171-Acre Recreational Hunting Land

      Southern plantation-style property for hunting and recreational investment.
      0 Piney Grove Church Rd., Littleton, NC 27850
      View Details
    • $175,000
      3,441 SF

      Littleton Commercial Lots with Building

      Two commercial lots with a 3,441 SF building.
      300 W N Main Street, Littleton, NC 27850
      View Details
    • $650,000

      Lake Gaston Waterfront Land

      Rare 1.19-acre waterfront homesite with main lake views.
      Fernwood Dr lot: 5, Littleton, NC 27850
      View Details
    • $600,000

      Lake Gaston Land Opportunity

      One-acre corner lot with lake views in Triton Point.
      107 N Welles Road lot: 38, Littleton, NC 27850
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial building lot in Lake Gaston business district.
    Where is this commercial land located?
    The property is located at Highway 903 Littleton, NC.
    What is the asking price?
    The asking price for this property is $69,950.
    What are key features of this property?
    This property features: Prime commercial location in the heart of Lake Gaston Business District.; Previously approved for septic system for up to 10 employees.; County water available.
    (252) 532-3274
    We can help!
    Listing Contact
    Barney Watson
    Barney Watson
    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
    Highway 903, Littleton, NC 27850
    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!