Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2518 State Rd Rowland, NC 28383

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2518 State Rd Rowland, NC 28383

    View on Map
    • Land
    • 113.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2518 State Rd

    Lot size
    113.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 113-acre agricultural property, located in Rowland, North Carolina, presents a compelling development opportunity. Situated conveniently along I-95, just minutes from the North Carolina/South Carolina state line, this expansive tract offers unparalleled accessibility. Comprising two parcels (APN: 921843349752; 921841840100), the land is zoned AR - Agricultural, providing a solid foundation for various development projects. Utilities are readily available, simplifying the development process. The property's strategic location and ample acreage make it suitable for a wide range of uses, though rezoning may be required to accommodate specific plans. This presents a unique chance to shape the land's future according to individual needs and vision. The asking price for this significant landholding is $1,950,000. The address is State Rd 2518, Rowland, NC 28383, within Robeson County. This is a rare opportunity to acquire a substantial parcel of land with excellent access and development potential in a rapidly growing region.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rowland
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.2882
    Latitude
    34.5328

    Comparable in this City

    • Value Estimation by Request
      3.99 Acres

      130 Hwy

      VACANT COMMERCIAL LAND • 4,800 SF
      130 Hwy, Rowland, NC 28383
      View Details
    • Value Estimation by Request
      0.04 Acres

      Bond St

      VACANT COMMERCIAL LAND • 0.04 Acres
      Bond St, Rowland, NC 28383
      View Details
    • Value Estimation by Request
      0.28 Acres

      Bond St

      VACANT COMMERCIAL LAND • 0.28 Acres
      Bond St, Rowland, NC 28383
      View Details
    • Value Estimation by Request
      0.20 Acres

      402 Main St

      VACANT COMMERCIAL LAND • 0.20 Acres
      402 Main St, Rowland, NC 28383-9692
      View Details
    • Value Estimation by Request
      15.82 Acres

      14884 Us Hwy 301st S

      VACANT COMMERCIAL LAND • 15.82 Acres
      14884 Us Hwy 301st S, Rowland, NC 28383-6974
      View Details
    • Value Estimation by Request
      0.75 Acres

      301 Hwy Hwy

      VACANT COMMERCIAL LAND • 0.75 Acres
      301 Hwy Hwy, Rowland, NC 28383
      View Details

    Similar Nearby for Sale

    • $150,000
      15.18 Acres

      15 Acres Versatile Land Raynham

      15 acres in Raynham, NC with cropland and timber.
      Hwy 301, Rowland, NC 28383
      View Details
    • Contact for pricing

      113 Acres Development Opportunity

      Prime land near I-95, ideal for development projects.
      State Rd 2518, Rowland, NC 28383
      View Details
    • $60,000
      12.10 Acres

      Rowland, NC Wooded Residential Land

      12-acre wooded residential property in Rowland, NC, priced to sell.
      S Robeson Rd, Rowland, NC 28383
      View Details
    • Contact for pricing
      0.50 Acres

      Half Acre Wooded Residential Land

      Wooded half-acre double lot in a quiet neighborhood.
      Peach St, Rowland, NC 28383
      View Details
    • $55,000
      Pending

      Rowland, NC 12-Acre Land Parcel

      Partially wooded 12-acre lot, great for building or animals.
      234 3 Bridges Rd, Rowland, NC 28383
      View Details
    • $249,000
      36.60 Acres

      36 Acres of Farmland

      Rural land with farming potential and utility access.
      2250 South Robeson Rd, Rowland, NC 28383
      View Details
    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.
    2518 State Rd
    Rowland, NC 28383
    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

    2518 State Rd, Rowland, NC, 28383

    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!