Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Thomas Langston Rd Winterville, NC 28590

    • Land
    • 365,904 SF
    • 8.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Thomas Langston Rd

    Lot size
    8.40 lot acres
    Property size
    365,904 SF
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winterville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.4107
    Latitude
    35.5622

    Comparable in this City

    • Value Estimation by Request
      27.05 Acres

      226 Davenport Farm Rd

      Land • 27.05 Acres
      226 Davenport Farm Rd, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      49.78 Acres

      2916 Southern Ln

      Land • 49.78 Acres
      2916 Southern Ln, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      50.00 Acres

      Laurie Ellis Rd

      Land • 50.00 Acres
      0 Laurie Ellis Rd, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      70.43 Acres

      2832 Rucker Farm Ln

      Land • 70.43 Acres
      2832 Rucker Farm Ln, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      75.22 Acres

      Forlines Rd

      Land • 75.22 Acres
      0 Forlines Rd, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      17.00 Acres

      800 Fire Tower Rd

      Land • 17.00 Acres
      800 Fire Tower Rd, Winterville, NC 28590
      View Details

    Similar Nearby for Sale

    • $599,000
      50.00 Acres

      50 Acres Winterville, NC Land

      Prime 50-acre residential lot, ideal for development.
      0 Laurie Ellis Rd, Winterville, NC 28590
      View Details
    • Contact for pricing
      70.43 Acres

      70-Acre Winterville Land Opportunity

      Prime 70-acre residential lot in Winterville, NC.
      2832 Rucker Farm Ln, Winterville, NC 28590
      View Details
    • $10,200,000
      17.00 Acres

      Winterville Commercial Land - 17 Acres

      Prime 17-acre commercial lot, fully serviced.
      800 Fire Tower Rd, Winterville, NC 28590
      View Details
    • $250,000
      14.94 Acres

      Pitt County Land Opportunity

      14+ acres in fast-growing Pitt County, North Carolina.
      Frog Level Rd, Winterville, NC 28590
      View Details
    • $447,000
      1.79 Acres

      Winterville Industrial Lot

      1.786 Acres, Prime Location
      238 Forlines Rd, Winterville, NC 28590
      View Details
    • $2,607,000
      26.07 Acres

      Prime Winterville Commercial Land

      26 Acres, High Visibility, Great Location
      2683 Nc-903, Winterville, NC 28590
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Fire Tower Junction Land

      Land in mixed-use development at lighted intersection.
      E Fire Tower Rd, Winterville, NC 28590
      View Details
    • $1,100 /Mo
      2,409 SF

      Downtown Winterville Commercial Space

      Commercial space in downtown Winterville with flexible layout.
      188 Main St, Winterville, NC 28590
      View Details
    • $12 SF/Yr
      44,250 SF

      Reedy Branch Storage: Winterville, NC

      Modern Flex/Warehouse Space Available
      4771 Reedy Branch Rd, Winterville, NC 28590
      View Details
    • Contact for pricing
      70,087 SF

      Winterville Commons Retail Space

      Greenville, NC retail space available.
      0 Fire Tower Rd, Greenville, NC 28590
      View Details
    • Contact for pricing
      12,000 SF

      Winterville Warehouse and Flex Center

      Warehouse and flex spaces with convenient highway access, completion May 2025.
      4771 Reedy Branch Rd, Winterville, NC 28590
      View Details
    • Contact for pricing
      1,800 SF

      Retail/Office Suites in High-Traffic Center

      Flexible retail and office suites in a high-traffic shopping center.
      740-760 W Fire Tower Rd, Winterville, NC 28590
      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.
    Thomas Langston Rd
    Winterville, NC 28590
    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

    Google sign-in failed. Please try again or use another login method.