Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    242 Highway S Dunn, NC 28334

    View on Map
    Claim this Listing
    For Sale
    $168,000

    LAND - Dunn, NC

    Lot size:
    5.99 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    110
    Last Refresh:
    May 2 at 7:06 am

    Property Features for 242 Highway S

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RAG
    Vegetation
    Cleared
    Standard status
    Active
    APN
    09G14052A and 09G14052B
    Lot size
    5.99 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 2 15/121 and LOT 1A 15/121
    Tax Annual Amount
    737

    Utilities

    Utilities
    Water Available
    Sewer type
    Perc Test Required

    We can help!

    Listing Contact
    April Stephens

    Listing agent April Stephens License #249919

    Listing office eXp Realty, LLC - C 5200 Greens Dairy Rd., Ste 106, Clayton, NC

    Listing date Jan 12, 2026

    MLS# 10140778 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Land Tract in Dunn

    This 5.99-acre open tract is located in Dunn, North Carolina, and features road frontage. The property offers ample space for building, investment, or recreational use. The land is usable and has no known restrictions, providing flexibility for various potential uses. This property presents an opportunity for those seeking space and freedom.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Dunn
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6207
    Latitude
    35.3234

    Nearby Similar for Sale

    • $1,000,000
      12,500 SF

      Commercial Property on Highway 421

      Multi-use property with high visibility on a busy commercial corridor.
      401 W Cumberland, Dunn, NC 28334
      View Details
    • $469,000
      3,101 SF

      Downtown Dunn Commercial Property

      Commercial property in downtown Dunn with multiple office areas.
      110 S Layton Avenue, Dunn, NC 28334
      View Details
    • $369,900
      3,154 SF

      Versatile Commercial Building on Corner Lot

      3,154 sq ft commercial building suitable for retail or office.
      201 S Orange Avenue, Dunn, NC 28334
      View Details
    • $450,000
      1,260 SF

      Corner Lot Retail/Office Building

      Brick building on a high visibility corner lot.
      1206-1208 W Cumberland Street, Dunn, NC 28334
      View Details
    • $375,000
      2,980 SF

      Remodeled Commercial Building on Corner Lot

      Completely remodeled commercial building on a highly visible corner lot.
      805 S Clinton Avenue, Dunn, NC 28334
      View Details
    • $600,000
      5,000 SF

      Medical Offices Near Regional Hospital

      Medical offices for sale, potential for cash flow and appreciation.
      731 Tilghman Drive, Dunn, NC 28334
      View Details
    • $369,900
      3,154 SF

      Commercial Building on Corner Lot

      Versatile commercial building suitable for retail or office use.
      201 S Orange Avenue, Dunn, NC 28334
      View Details
    • $69,900

      Multifamily Land in Dunn, NC

      0.24-acre lot zoned for multifamily development in Dunn, NC.
      207 S Magnolia Avenue, Dunn, NC 28334
      View Details
    • $45,999

      Unrestricted Lot Near Interstate 95

      1.7 acre lot near I-95 in Dunn, NC.
      4258 US Highway 301, Dunn, NC 28334
      View Details
    • $58,000

      Acre Lot in Johnston County

      One-acre lot centrally located near major cities.
      275 Raynor Sands Drive lot: 10, Dunn, NC 28334
      View Details
    • $140,000

      2.74 Acre Homesite in Dunn

      2.74 acre homesite with road frontage in Dunn, NC.
      2208 Jonesboro Road, Dunn, NC 28334
      View Details
    • $950,000

      Development Opportunity Near Harnett Health

      Prime land for development with frontage on three roads.
      Tilghman Drive, Dunn, NC 28334
      View Details

    FAQs

    What type of property is this?
    Land - 5.99-acre tract with road frontage and versatile potential uses.
    Where is this land located?
    The property is located at 242 Highway S Dunn, NC.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: Large 5.99‑acre open tract provides ample space and privacy.; No known restrictions offer flexibility for various uses.; Road frontage ensures easy access.
    (919) 651-4663
    We can help!
    Listing Contact
    April Stephens
    Real Estate License ID: 249919
    Learn More
    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.
    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

    242 Highway S, Dunn, NC 28334

    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!