Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1065 Old Folkstone Rd Sneads Ferry, NC 28460
    Back to Search
    Property profile & analytics

    1065 Old Folkstone Rd, Sneads Ferry, NC 28460

    View on Map
    • Commercial real estate
    • 17.06 lot acres
    For Sale
    $1,250,000
    View Listing →
    Land Near Highway 210 Intersection For Sale
    $1,250,000
    17.06 Acres

    Land Near Highway 210 Intersection

    Land suitable for residential or commercial development in growing area.

    1065 Old Folkstone Rd, Sneads Ferry, NC
    View Listing
    Property ID
    US53-3652354
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1065 Old Folkstone Rd

    Lot size
    17.06 lot acres
    Property type
    Commercial real estate
    APN
    427801373454

    Description

    This exceptional 17.06-acre parcel, located at 1065 Old Folkstone Rd, Sneads Ferry, NC 28460 (APN 427801373454), presents a unique investment opportunity. Zoned RA - Rural Agricultural, it offers significant flexibility for various uses. A previously approved Special Use Permit allows for a 20,000+ square foot brewery, but the property's prime location near the Old Folkstone Road/NC Highway 210 intersection makes it ideal for residential development. Conservatively estimated to accommodate 60+ townhome units, this land is situated in a rapidly growing area with high demand for housing. Extensive due diligence has already been completed, including a survey, topo survey, wetlands survey, Phase I environmental report, geotechnical report, multiple site plans, and the aforementioned approved Special Use Permit – all available to qualified buyers. The area is experiencing substantial commercial expansion, with projects like the North Shore Village expansion and the Topsail Way Shopping Center renovation underway, further enhancing the property's value and potential. This is a rare chance to capitalize on Sneads Ferry's booming real estate market. The property's strategic location at the heart of this growth makes it an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sneads Ferry
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.429606170876
    Latitude
    34.525623992743

    Comparable in this City

    • New
      $710,000
      1,632 SF

      Water-View Duplex Opportunity

      Duplex with two 2-bedroom, 2-bath units, featuring wide water views and flexible living or rental options.
      111 Phil Harris Ln, North Topsail Beach, NC 28460
      View Details
    • Contact for pricing

      Coastal RV Lot Getaway

      RV lot near the beach with sunset views.
      85 Mullet Ln, Sneads Ferry, NC 28460
      View Details
    • $1,150,000
      2,614 SF

      North Topsail Beach Investment Opportunity

      Second-row, canal-front property featuring three distinct units.
      1611 New River Inlet Rd, North Topsail Beach, NC 28460
      View Details
    • New
      $89,000
      0.03 Acres

      RV Park Lot Across from Ocean

      Lot in Rogers Bay Campground with shared amenities including pool, bathhouses, and a fishing/cleaning station.
      172 Herring St, North Topsail Beach, NC 28460
      View Details
    • $109,900
      0.03 Acres

      North Topsail Beach Island Getaway

      Small piece of Topsail Island, great price, convenient location.
      15 Jetty St, North Topsail Beach, NC 28460
      View Details
    • $2,200,000
      5,400 SF

      North Topsail Beach Duplex

      Second-row duplex with ocean and sound views, twelve bedrooms.
      876-878 Villas Dr, North Topsail Beach, NC 28460
      View Details

    Similar Nearby for Sale

    • New
      $710,000
      1,632 SF

      Water-View Duplex Opportunity

      Duplex with two 2-bedroom, 2-bath units, featuring wide water views and flexible living or rental options.
      111 Phil Harris Ln, North Topsail Beach, NC 28460
      View Details
    • $109,900
      0.03 Acres

      North Topsail Beach Island Getaway

      Small piece of Topsail Island, great price, convenient location.
      15 Jetty St, North Topsail Beach, NC 28460
      View Details
    • $2,200,000
      5,400 SF

      North Topsail Beach Duplex

      Second-row duplex with ocean and sound views, twelve bedrooms.
      876-878 Villas Dr, North Topsail Beach, NC 28460
      View Details
    • Contact for pricing

      Coastal RV Lot Getaway

      RV lot near the beach with sunset views.
      85 Mullet Ln, Sneads Ferry, NC 28460
      View Details
    • $1,150,000
      2,614 SF

      North Topsail Beach Investment Opportunity

      Second-row, canal-front property featuring three distinct units.
      1611 New River Inlet Rd, North Topsail Beach, NC 28460
      View Details
    • New
      $89,000
      0.03 Acres

      RV Park Lot Across from Ocean

      Lot in Rogers Bay Campground with shared amenities including pool, bathhouses, and a fishing/cleaning station.
      172 Herring St, North Topsail Beach, NC 28460
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Business Commercial Land Site

      2+ acre commercial site with 135+ feet of highway frontage for visibility along NC Hwy 172.
      1934 Nc Highway 172, Sneads Ferry, NC 28460
      View Details
    • Contact for pricing
      13,000 SF

      Retail Space in Topsail Way

      Retail space for lease in established shopping center.
      965 Old Folkstone Rd, Sneads Ferry, NC 28460
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space in Sneads Ferry

      Retail opportunities at Topsail Way Shopping Center in Sneads Ferry, NC.
      965 Old Folkstone Rd, Sneads Ferry, NC 28460
      View Details
    View Listing
    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.
    1065 Old Folkstone Rd
    Sneads Ferry, NC 28460
    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
    1065 Old Folkstone Rd, Sneads Ferry, NC, 28460
    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!