1150 E NC HWY 108 Highway
About This Property
The land offers a 5.5-acre stocked pond, hardwood forests, open fields, and abundant wildlife, providing endless opportunities for fishing, hunting, kayaking, and hiking. This property is perfect for those seeking a private retreat, a family compound, or a 1031 exchange investment in a rapidly growing region.
Auction Date: May 29, 2025, at 5:00 PM ET. On-site and online bidding available. Preview on May 23, 2025, from Noon to 5:00 PM. Property sells "AS IS" with no contingencies; buyer pays all closing costs.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jun 9, 2025 | In contract | - | |
| In contract | |||
| May 5, 2025 | Listed by Bid Y'All Auction & Realty | $2,500,000 | |
| Listed by Bid Y'All Auction & Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017