Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1540 Green Hill Rd Leland, NC 28451
    Back to Search
    Property profile & analytics

    1540 Green Hill Rd Leland, NC 28451

    View on Map
    • Commercial real estate
    • 848.39 lot acres
    Off-Market
    Property ID
    US53-3315488
    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 1540 Green Hill Rd

    Lot size
    848.39 lot acres
    Property type
    Commercial real estate
    APN
    06800017

    Description

    This exceptional 848.39-acre property in Brunswick County, North Carolina, presents a rare investment opportunity. Located near the confluence of Rock Creek and Town Creek, this land boasts a diverse landscape featuring a predominantly clean stand of pine trees, interspersed with mature white oaks, red oaks, and hickory trees on higher elevations. Nearer the creek, large cypress trees thrive. The terrain offers significant elevation changes, averaging 30 feet, with dramatic 60-foot sand bluffs descending nearly 40 feet into Town Creek. This creates a visually stunning and ecologically rich environment abundant with wildlife. The property's location provides convenient access to Leland (5.5 miles), Downtown Wilmington (12 miles), and Oak Island Beach (18 miles). Zoned RR, this expansive tract is situated between Green Hill Road and Town Creek Road, placing it ideally within the path of growth in one of the nation's fastest-growing counties. The property's APN is 06800017. This is an unparalleled chance to acquire a significant landholding with remarkable natural beauty and considerable development potential. The asking price is $7,650,000.

    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
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.1612121
    Latitude
    34.1615765

    Comparable in this City

    • Contact for pricing

      Grist Creek Run Land Lot

      Land lot available in Grist Creek Run, Leland, North Carolina.
      8885 Millers Path, Leland, NC 28451
      View Details
    • $9,800,000

      Highway Business Zoned Land

      Over 26 acres zoned Highway Business on US Hwy.
      10118 Blackwell Rd SE, Belville, NC 28451
      View Details
    • $650,000
      3.22 Acres

      Leland, NC Land Opportunity

      3.22 acres in Leland, NC with development potential.
      383 Wolfridge Rd NE, Leland, NC 28451
      View Details
    • $144,900
      0.23 Acres

      Leland, NC Land with Views

      Residential lot with water views in desirable Leland community.
      904 Seathwaite Ln SE, Leland, NC 28451
      View Details
    • $59,000
      0.47 Acres

      Leland Land Ready For Development

      Cleared, level lot suitable for manufactured or single-family home.
      4402 Smith Trl NE, Leland, NC 28451
      View Details
    • $350,000
      5.00 Acres

      Leland, NC Land Opportunity

      5 acres of land suitable for residential or commercial use.
      3347 Mt Misery Rd NE, Leland, NC 28451
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grist Creek Run Land Lot

      Land lot available in Grist Creek Run, Leland, North Carolina.
      8885 Millers Path, Leland, NC 28451
      View Details
    • $9,800,000

      Highway Business Zoned Land

      Over 26 acres zoned Highway Business on US Hwy.
      10118 Blackwell Rd SE, Belville, NC 28451
      View Details
    • $650,000
      3.22 Acres

      Leland, NC Land Opportunity

      3.22 acres in Leland, NC with development potential.
      383 Wolfridge Rd NE, Leland, NC 28451
      View Details
    • $144,900
      0.23 Acres

      Leland, NC Land with Views

      Residential lot with water views in desirable Leland community.
      904 Seathwaite Ln SE, Leland, NC 28451
      View Details
    • $59,000
      0.47 Acres

      Leland Land Ready For Development

      Cleared, level lot suitable for manufactured or single-family home.
      4402 Smith Trl NE, Leland, NC 28451
      View Details
    • $350,000
      5.00 Acres

      Leland, NC Land Opportunity

      5 acres of land suitable for residential or commercial use.
      3347 Mt Misery Rd NE, Leland, NC 28451
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leland Commercial Site For Lease

      Available for build-to-suit or ground lease in Leland, NC.
      Carol Lynn Dr NE, Leland, NC 28451
      View Details
    • Contact for pricing

      Leland School Road Commercial Land

      2.04-acre commercial lot, ready to develop.
      0 Tract A Leland School Rd, Leland, NC 28451
      View Details
    • Contact for pricing

      Leland Town Center Land Parcels

      Land parcels available for ground lease near Lowe’s in Leland.
      9441 Ploof Rd SE, Leland, NC 28451
      View Details
    • $1.00 SF/Yr

      Leland Corner Site For Lease

      Available for build-to-suit or ground lease in Leland, NC.
      Carol Lynn Dr, Leland, NC 28451
      View Details
    • $3,000 /Mo

      Leland Medical Office Opportunity

      Move-in ready medical suite in a growing community.
      509 Olde Waterford Way, Leland, NC 28451
      View Details
    • Contact for pricing
      3,600 SF

      1104 Eastowne Ct, Leland, NC 28451

      Retail space • 3,600 SF
      1104 Eastowne Ct, Leland, NC 28451
      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.
    1540 Green Hill Rd
    Leland, NC 28451
    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
    1540 Green Hill Rd, Leland, NC, 28451
    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!