0 Tbd Nc-73 Ellerbe, NC 28338
This expansive 340-acre property in Ellerbe, NC, offers a unique blend of investment and recreational opportunities. Comprised of nine parcels (APN: 758104941464, 758104728719, 758104644125, 758104635309, 758104546197, 758104701739, 758104508994, 758000793663, 758000699648), the land boasts diverse features including timberland, farmland suitable for hay production, and a pond ideal for recreational activities and hunting. Located near I-73/74 and with frontage on NC Hwy 73, the property benefits from excellent visibility and accessibility. Currently, leases are in place for hay, farming, and hunting, providing immediate income potential. The property is zoned Agricultural Residential with a portion in Highway Commercial Overlay, offering flexibility for future development. Note that a neighboring property contains a non-permitted landfill. This property presents a compelling investment opportunity with potential for both continued income generation and personal enjoyment. The asking price is $2,210,000.
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
Similar Nearby for Sale
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.