$105,000
●
Land -
Off Market
0 Farrell Road
Sanford, NC 27330
Studio
0 Bath
$627
Est. Monthly
About This Property
Buildable acreage is a very sought after area of Lee County NC. The
property is rural but close to amenities. The property is approx.
30 minutes from Raleigh and about 10 minutes from downtown Sanford.
We have a soil report of file that shows perkable soil for a
3-bedroom home with the possibility of other perkable areas. County
water is available on Farrell Road.
Unit Size
-
Days on Market
-
Land Size
5.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$42
HOA Dues
-
Year Built
1967
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 months ago (TMLS #10156046)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by National Land Realty Central N | $119,000 | |
| Listed by National Land Realty Central N | |||
| Aug 29, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | Listed by SANFORD REAL ESTATE | $375,000 | |
| Listed by SANFORD REAL ESTATE | |||
| | |||
|
Nestled in the growing Deep River area of Sanford, North Carolina, this enchanting 25-acre property offers a secluded sanctuary amidst nature's finest beauty. Boasting 25 acres of pristine, wooded landscape, this expansive parcel of land is a rare gem awaiting your vision and creativity.With ample space to roam and explore, this property is an outdoor enthusiast's dream, offering endless opportunities for hiking, camping, and wildlife watching. There is even a small stream on the back of the lot.Imagine building your dream home, where the stress of everyday life fades away and the beauty of the natural world surrounds you. Whether you're looking for a private estate, a recreational getaway, or a potential development opportunity, this 25-acre property in the Deep River area is sure to captivate and inspire. No HOA. 2011 Plat mat shows cemetery located on property. Plat map loaded in the Transaction Desk.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lee
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Listed by: Paul Goins, National Land Realty Central N
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10156046
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10156046
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