12
Map
$750,000
↑ $750K (74,999,900%)
●
Land -
For Sale
308 S Walton Drive
Benson, NC 27504
Studio
0 Bath
$3,685
Est. Monthly
About This Property
2.13 acres zoned for residential use with easy access to I-95 and
adjacent to hotels at exit 79 on I95. Golden opportunity for
residential high density housing with leading industrial companies
coming in to the area bringing employment growth to the area.
Parcel can hold 24-48 townhome units plus provide space for housing
an other amenities. Property could also potentially be rezoned for
Commercial use and is adjacent to 3 Commercial parcels also
available for purchase for a total of 9.99 acres to be developed.
Parcel IDs 01E09068C, 01E09061A, and 01E90968A adjacent and
available.
Unit Size
-
Days on Market
122 days
Land Size
2.84 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2
HOA Dues
-
Year Built
-
Listed By
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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: 2 months ago (TMLS #10176741)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Price Increased |
$750,000
↑ $750K
(74,999,900%) | |
| Price Increased | |||
| Jun 25, 2026 | Listed by eXp Realty, LLC - C | $1 | |
| Listed by eXp Realty, LLC - C | |||
| Feb 11, 2025 | Price Decreased |
$2,900,000
↓ $850K
(22.7%) | |
| Price Decreased | |||
| Nov 7, 2024 | Listed | $3,750,000 | |
| Listed | |||
| | |||
|
8+ acre development opportunity on Walton Drive in Benson. Preliminary concept plan in hand for 84-unit townhome project with convenient access to I-95. Listing includes Johnston County parcels 153919-60-5697, 153919-60-1602, and 153919-60-1953. Additional acreage available from neighboring parcel but would need to be subdivided.
| |||
| Apr 24, 2023 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Lot Features: Irregular Lot
Lot Size Area: 2.84
Lot Size Units: Acres
Lot Size Acres: 2.84
Lot Size Square Feet: 123710
Lot Size Dimensions: 254 x 197 x 163 x 417 x 336 x 57 x 575
Water Source: Public
Financial Details
Tax Assessed Value: $2,090
Tax Annual Amount: $24
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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About Dutch Villas Condominiums
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Listed by: Jennifer Franklin, eXp Realty, LLC - C
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10176741
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10176741
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