Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Half-Acre Lot in Vale, NC Title is generated by Realmo AI

    Reepsville Road, Vale, NC 28168

    View on Map
    Claim this Listing
    For Sale
    $49,500

    LAND - Vale, NC

    Lot size:
    0.56 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for Reepsville Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    81216
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Description
    M KISER LAND RD 1113

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Debbie Pope

    Listing agent Debbie Pope

    Listing office Century 21 Town & Country Rlty 2414 East Main Street, Lincolnton, NC

    Listing date Nov 21, 2025

    MLS# 4324608 Listing URL

    Copyright © 2026 Canopy 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 half‑acre lot
    • Level land suitable for building
    • Peaceful, quiet, rural setting
    • County water available
    • Space to create a home, garden, or outdoor living area
    • A few small trees providing shade

    Overview

    This half-acre lot offers a setting suitable for creating a home, garden, or outdoor living area. The land is level, which may facilitate construction and landscaping. A few small trees provide shade without impeding building options. County water is available. Located in a rural area, this property may appeal to those seeking a quiet environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vale
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.338857
    Latitude
    35.513354

    Nearby Similar for Sale

    • $595,000
      17,894 SF

      Vale, NC Industrial Mill

      Two-level industrial building with loading docks and office space.
      6949 Old Shelby Road, Vale, NC 28168
      View Details
    • $169,500

      Vale, NC Land Opportunity

      7.32 acres in Vale, NC, ideal for homesteading.
      Bud Davis Road, Vale, NC 28168
      View Details
    • $192,500

      Vale, NC Land Opportunity

      8.931 acres in Vale, NC, ideal for homestead.
      Bud Davis Road, Vale, NC 28168
      View Details
    • $165,500

      Vale, NC 6.5 Acre Homestead

      Large homestead in Vale, NC for country lifestyle.
      Bud Davis Road, Vale, NC 28168
      View Details
    • $148,000

      Vale, NC Homestead Land

      2.9 acre homestead in Vale, NC for building.
      Bud Davis Road, Vale, NC 28168
      View Details
    • $599,900

      62 Acres in Vale, NC

      62+/- acre tract with mixed timber and creek frontage.
      Wells Road, Vale, NC 28168
      View Details
    • $215,000

      Vale, NC Commercial Corner Lot

      Highly visible commercial corner lot, cleared and ready for development.
      NC 27 Highway, Vale, NC 28168
      View Details
    • $95,000

      Corner Lot on Hwy 10

      Large, flat corner lot ready for building with water access.
      3774 Rhoney Farm Road, Vale, NC 28168
      View Details
    • $47,000

      Vale, NC Build-Ready Lot

      Cleared lot in Vale, NC with utilities and septic.
      Deerwood Trail, Vale, NC 28168
      View Details
    • $89,000

      Land Available in Vale, NC

      2.3+ acre commercial land for sale in Vale, NC.
      W NC 27 Highway, Vale, NC 28168
      View Details
    • $134,500

      Secluded Wooded Land with Creek

      Nearly 12 acres of private, wooded land with creek.
      Doral Lane, Vale, NC 28168
      View Details
    • $51,000

      Land Available in Vale, NC

      1.25 acres of commercial land in West Lincoln.
      W NC 27 Highway, Vale, NC 28168
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half-acre lot with level terrain in a rural setting.
    Where is this residential land & home lot located?
    The property is located at Reepsville Road Vale, NC.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: Large half‑acre lot; Level land suitable for building; Peaceful, quiet, rural setting
    (704) 472-9238
    We can help!
    Listing Contact
    Debbie Pope
    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
    Reepsville Road, Vale, NC 28168
    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!