Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Storey Road Murfreesboro, NC 27855

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Murfreesboro, NC

    Lot size:
    1.00 Acre
    Added:
    Apr 22, 2026
    Days on Market:
    17
    Last Refresh:
    May 8 at 2:06 am

    Property Features for Storey Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Standard status
    Active
    APN
    5958-33-7938
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    DUNCAN
    Tax Annual Amount
    76

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Jessica Duren
    Jessica Duren

    Listing agent Jessica Duren License #178384

    Listing office Coldwell Banker HPW 8838 US 70 Bus Highway, Clayton, NC

    Listing date Apr 22, 2026

    MLS# 100569151 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

    • One acre level lot
    • Zoned for modular or site built home
    • Electricity Available
    • Buy now, build later flexibility
    • Next door to a lovely home
    • Specific location coordinates provided

    Overview

    One Acre Residential Lot

    This is a one-acre level lot. The land is zoned for a modular or site-built home, allowing for flexible construction options. The property is located next door to a home for sale at 121 Storey Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Murfreesboro
    County
    Hertford
    State
    North Carolina
    Longitude
    -77.118402
    Latitude
    36.436596

    Nearby Similar for Sale

    • $389,000
      2,400 SF

      Updated Commercial Building in Murfreesboro

      Renovated commercial building with prime location, visibility, and accessibility.
      902 W Main Street, Murfreesboro, NC 27855
      View Details
    • $29,500

      Wooded Acres in Murfreesboro, NC

      3 wooded acres offer a private rural setting.
      358 Parker Road, Murfreesboro, NC 27855
      View Details
    • $559,000

      70-Acre Farm Near Murfreesboro

      70-acre farm with planted pines, tillable acreage, and pond.
      0 US 158 W, Murfreesboro, NC 27855
      View Details
    • $222,454

      67-Acre Land Near Meherrin River

      Land with road frontage, river frontage, and timber value.
      0 Mapleton Rd., Murfreesboro, NC 27855
      View Details
    • $389,000
      2,400 SF

      Updated Commercial Building in Murfreesboro

      Renovated commercial building with prime location, visibility, and accessibility.
      902 W Main Street, Murfreesboro, NC 27855
      View Details
    • $60,000

      Hertford County Land Available

      1.75 acres approved for manufactured home in Murfreesboro, NC.
      Underwood Road, Murfreesboro, NC 27855
      View Details
    • $18,000

      Hertford County Land Available

      0.72 acre lot in Murfreesboro, North Carolina.
      Underwood Road, Murfreesboro, NC 27855
      View Details
    • $110,000

      Wooded Parcels in Murfreesboro, NC

      Two adjacent wooded parcels with road frontage in Murfreesboro.
      7.88ac Eleytown Road, Murfreesboro, NC 27855
      View Details
    • $85,000

      Murfreesboro Acreage For Sale

      21.84 acre farm land for sale in Murfreesboro, NC.
      00 OFF HWY 158/258 WILLIAM DEAN, Murfreesboro, NC 27855
      View Details
    • $567,500

      151 Acres of Premier County Land

      Exceptional hunting, fishing, and investment opportunity on 151 acres.
      N Nc 11 Highway, Murfreesboro, NC 27855
      View Details
    • $60,000

      Residential Land in Murfreesboro, NC

      3.09 acres of unrestricted land for residential development.
      Wise Store Rd. Lot 1, Murfreesboro, NC 27855
      View Details
    • $30,000

      Residential Lot in Murfreesboro, NC

      Residential lot with no restrictions in a rural setting.
      Wise Store Rd. Lot 3, Murfreesboro, NC 27855
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One acre lot zoned for modular or site-built home.
    Where is this residential land & home lot located?
    The property is located at Storey Road Murfreesboro, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: One acre level lot; Zoned for modular or site built home; Electricity Available
    (919) 803-9935
    We can help!
    Listing Contact
    Jessica Duren
    Jessica Duren
    Real Estate License ID: 178384
    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
    Storey Road, Murfreesboro, NC 27855
    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!