Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lk Artesia Rd Turkey, NC 28393
    Back to Search
    Property profile & analytics

    Lk Artesia Rd, Turkey, NC 28393

    View on Map
    • Office buildings
    • 51.77 lot acres
    Off-Market
    Last Sale Jan 22, 2020
    $1,000,000
    Property ID
    US53-4960838
    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
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for Lk Artesia Rd

    Lot size
    51.77 lot acres
    Property type
    Office buildings
    APN
    18015528801
    APU
    18015528801

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2020 — Gary W Straughn Virginia S Byrd Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Turkey
    County
    Sampson
    State
    North Carolina
    Longitude
    -78.1874
    Latitude
    34.9895

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,483
    $0.00
    $0.00
    $777,683
    -
    $93,838
    $742,656
    $836,494

    Comparable in this City

    • Value Estimation by Request
      3.65 Acres

      10th 0 19th Sr

      OFFICE BUILDING
      10th 0 19th Sr, Turkey, NC 28393
      View Details
    • Value Estimation by Request
      17.68 Acres

      1154 Bill Williamson Rd

      OFFICE BUILDING
      1154 Bill Williamson Rd, Turkey, NC 28393-8584
      View Details
    • Value Estimation by Request
      10.40 Acres

      Billie Britt Ln

      OFFICE BUILDING
      Billie Britt Ln, Turkey, NC 28393
      View Details
    • Value Estimation by Request
      130.00 Acres

      188 Eleanor B Wls Ln

      OFFICE BUILDING
      188 Eleanor B Wls Ln, Turkey, NC 28393
      View Details
    • Value Estimation by Request
      288.00 Acres

      Waycross Rd

      OFFICE BUILDING
      Waycross Rd, Turkey, NC 28393
      View Details
    • Value Estimation by Request
      253.42 Acres

      443 Old Goodson Farm Ln

      OFFICE BUILDING
      443 Old Goodson Farm Ln, Turkey, NC 28393-9049
      View Details

    Similar Nearby for Sale

    • $70,900
      4.52 Acres

      Vacant Land in Rural Setting

      Partially cleared 4.52 acre lot near Faison and Turkey.
      Pope Wray Lot 3 Rd, Turkey, NC 28393
      View Details
    • $369,000
      21.00 Acres

      21 Acres of Agricultural Land

      Approximately 21 acres of agricultural land with road access.
      1-4 Bf Grady Rd, Turkey, NC 28393
      View Details
    • $46,900
      2.95 Acres

      Vacant Lot in Rural Setting

      Partially cleared 2.95-acre lot near Faison and Turkey, NC.
      Pope Wray Lot 2 Rd, Turkey, NC 28393
      View Details
    • $287,500
      3,503 SF

      Prime Turkey, NC Commercial Space

      Versatile 3,503 sq ft building on 0.21 acres
      209 Railroad St, Turkey, NC 28393
      View Details
    • $675,000
      160.25 Acres

      Large Acreage Farm and Hunting Land

      160.25 acres of land near Clinton and I-40.
      Waycross Rd, Turkey, NC 28393
      View Details
    • $349,000
      34.00 Acres

      Vacant Land in Turkey, NC

      34 acres of vacant land with road frontage.
      New Hope Church Rd, Turkey, NC 28393
      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.
    Lk Artesia Rd
    Turkey, NC 28393
    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
    Lk Artesia Rd, Turkey, NC, 28393
    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!