0 Pasture Branch Rd Greenevers, NC 28458
Discover a remarkable 29-acre farmland opportunity in Duplin County, North Carolina, situated on Pasture Branch Rd, Rose Hill, zip code 28458. This expansive property presents a wealth of potential for various ventures. Currently vacant, it's perfectly positioned for development into a small residential subdivision, catering to the demand for median-income housing. Preliminary plans envision the creation of multiple lots, though the exact number ("X" lots) is subject to final subdivision approval. The seller is open to offers contingent upon securing the necessary entitlements, including site plan subdivision approval. The property's proximity to Interstate 40 offers excellent accessibility. While currently lacking existing infrastructure, the possibility of water and sewer connections exists, enhancing its development potential. This is a unique chance to acquire a substantial land parcel in a tranquil rural setting, yet conveniently located near major transportation routes. The property is being sold "as is," with no joint venture partnerships (JVP) involved, and the seller is willing to facilitate the subdivision process. This presents a compelling investment opportunity for developers seeking a prime location for residential development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.