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    Nc-119 Semora, NC 27343

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    Nc-119 Semora, NC 27343

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    • Land
    • 105.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nc-119

    Lot size
    105.00 lot acres
    Property type
    Land

    Description

    This exceptional 105-acre property in Caswell County, North Carolina, presents a unique investment opportunity. Located on NC-119 near Semora (zip code 27343), this land consists of two parcels encompassing a single-family residence (SFR) parcel. The acreage is primarily wooded, featuring Loblolly pines planted years ago. Its proximity to Hyco Lake, less than two miles from the public boat launch, adds significant recreational value. The land's size and location make it highly suitable for residential development, potentially creating a new neighborhood. However, prospective buyers should note that the property requires the installation of a septic system and well. This presents a chance to build custom homes or develop a community, capitalizing on the desirable location and natural beauty. Owner financing may be considered for qualified buyers. The asking price for this expansive tract is $472,500. This is a rare opportunity to acquire a substantial landholding with excellent potential in a sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Semora
    County
    Caswell
    State
    North Carolina
    Longitude
    -79.1654
    Latitude
    36.4871

    Comparable in this City

    • Value Estimation
      $705,000
      384 SF

      391 Southpoint Trl

      GARDEN APT, COURT APT (5+ UNITS) • 384 SF
      391 Southpoint Trl, Semora, NC 27343-7173
      View Details
    • Value Estimation by Request
      5,625 SF

      3276 Mcghees Ml Rd

      COMMERCIAL (GENERAL) • 5,625 SF
      3276 Mcghees Ml Rd, Semora, NC 27343-9193
      View Details
    • Value Estimation by Request
      858 SF

      7275 Semora Rd

      OFFICE BUILDING • 858 SF
      7275 Semora Rd, Semora, NC 27343-8179
      View Details
    • Value Estimation by Request
      210,350 SF

      921 Shr Dr

      WAREHOUSE, STORAGE • 210,350 SF
      921 Shr Dr, Semora, NC 27343-8206
      View Details
    • Value Estimation by Request
      3,994 SF

      363 Rock Pt Dr

      COM AUTO TRANS/STORAGE • 3,994 SF
      363 Rock Pt Dr, Semora, NC 27343-6118
      View Details
    • Value Estimation by Request
      2,581 SF

      9500 Semora Rd

      CONVENIENCE STORE • 2,581 SF
      9500 Semora Rd, Semora, NC 27343
      View Details

    Similar Nearby for Sale

    • $472,500

      105 Acres Vacant Land

      105 acres of vacant land with loblolly pines.
      Vacant Land Nc Hwy 119, Semora, NC 27343
      View Details
    • $42,500

      Tanglewood Shores Off-Water Lot

      Off-water lot in lakefront community with valid improvement permit.
      28 Greenway Dr, Semora, NC 27343
      View Details
    • $199,999
      5.08 Acres

      Hyco Lake Waterfront Land

      5.08 acres on Hyco Lake with no restrictions.
      7 Lot Lynn Smith Rd, Semora, NC 27343
      View Details
    • $399,900
      7.15 Acres

      Hyco Lake Residential Land

      7.15 acres with 200+ feet of shoreline on Hyco Lake.
      Quail Roost Dr, Semora, NC 27343
      View Details
    • $389,900
      3.92 Acres

      Hyco Lake Waterfront Land

      1.46-acre waterfront lot with boathouse and 3-bedroom septic permit.
      Swallowtail Dr, Semora, NC 27343
      View Details
    • $285,000
      2.19 Acres

      Waterfront Lot on Hyco Lake

      2.19 acre waterfront lot for residential development on Hyco Lake.
      Ferncrest Ct, Semora, NC 27343
      View Details
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    Nc-119
    Semora, NC 27343
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    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
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