Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    53 Hy Burgaw, NC 28425
    Back to Search
    Property profile & analytics

    53 Hy Burgaw, NC 28425

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

    Current Use by Public Records

    • Land

    Property Details for 53 Hy

    Property type
    Land

    Description

    This exceptional commercial land offering presents a rare opportunity for development in Burgaw, North Carolina. Comprising approximately 6.7 acres, this property includes three contiguous parcels, totaling an estimated 2.22 acres (Tax ID 3219-81-2423-0000) and an additional estimated 4.5 acres adjacent to the Pender County Humane Society. The property is conveniently located off Highway 53, just outside the heart of Burgaw, and is zoned I-1, providing flexibility for a variety of commercial uses. Currently wooded, the land offers a blank canvas for your vision. The property is situated within Burgaw city limits, ensuring access to essential utilities. Water and sewer services are readily available. This is a single-tenant opportunity, ideal for a developer seeking a substantial land parcel for a new commercial venture. The three parcels are being sold together, offering a significant land holding with high development potential. The combined acreage provides ample space for a large-scale project or the potential for subdivision. Detailed information on the individual parcels, including tax IDs 3219-81-2423-0000, 3219-71-7295-0000, and 3219-71-8447-0000, is available upon request. Don't miss this chance to acquire a prime commercial land asset in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burgaw
    County
    Pender
    State
    North Carolina
    Longitude
    -77.8596
    Latitude
    34.5848

    Comparable in this City

    • Value Estimation by Request

      53 Nc Highway 53

      Land
      53 Nc Highway 53, Burgaw, NC 28425
      View Details
    • Value Estimation by Request
      5.44 Acres

      Stag Park Service Rd

      Land • 5.44 Acres
      0 Stag Park Service Rd, Burgaw, NC 28425
      View Details
    • Value Estimation by Request

      53 Nc Highway 53

      Land
      53 Nc Highway 53, Burgaw, NC 28425
      View Details
    • Value Estimation by Request
      29.51 Acres

      117 Hwy

      Land • 29.51 Acres
      117 Hwy, Burgaw, NC 28425
      View Details
    • Value Estimation by Request

      53 Hy

      Land
      53 Hy, Burgaw, NC 28425
      View Details
    • Value Estimation by Request
      1.92 Acres

      Burgaw, NC 28425

      VACANT COMMERCIAL LAND • 1.92 Acres
      Burgaw, NC 28425
      View Details

    Similar Nearby for Sale

    • $3,500,000
      108.00 Acres

      Prime Land in Burgaw, NC

      108 acres near downtown Burgaw, ideal for mixed-use development.
      Stanford Ave, Burgaw, NC 28425
      View Details
    • Contact for pricing

      Land Near I-40, Burgaw

      Two parcels totaling 5.44 acres near I-40 in Burgaw, NC.
      W Stag Park Service Rd, Burgaw, NC 28425
      View Details
    • $95,000

      Riverfront Lot Near Wilmington

      1.89-acre riverfront lot, 15 minutes from Wilmington.
      1 River Trl, Burgaw, NC 28425
      View Details
    • $250,000
      10.00 Acres

      10 Acres in Booming Burgaw

      Land with space, privacy, and potential in a rising destination.
      State Rd 1414, Burgaw, NC 28425
      View Details
    • Contact for pricing

      Land Near I-40 in Burgaw

      Two parcels totaling 5.44 acres near I-40.
      W Stag Park Service Rd, Burgaw, NC 28425
      View Details
    • $179,000
      5.44 Acres

      Burgaw Land Near I-40

      5.44 acres near I-40 with rezoning potential.
      W Stag Park Service Rd, Burgaw, NC 28425
      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.
    53 Hy
    Burgaw, NC 28425
    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
    53 Hy, Burgaw, NC, 28425
    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!