Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lillington Commercial Land for Development Title is generated by Realmo AI

    307 N 10th Street, Lillington, NC 27546

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    LAND - Lillington, NC

    Lot size:
    18.95 Acres
    Added:
    Oct 23, 2024
    Days on Market:
    565
    Last Refresh:
    May 10 at 1:06 am

    Property Features for 307 N 10th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GB
    Vegetation
    Wooded
    Standard status
    Active
    APN
    0650-41-7690.000 & 0650-41-3800.000
    Lot size
    18.95 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    1.53ACS WOMBLE & 17.42ACS MAIN ST & COUNTY LAND
    Tax Annual Amount
    7099

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Douglas Godwin

    Listing agent Douglas Godwin License #294888

    Listing office Elmore Realty, LLC 109 S Ellis Ave., Dunn, NC

    Listing date Oct 23, 2024

    MLS# 10061789 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.

    HighLights

    • Large +/-18.95‑acre commercial land tract in a fast‑growing area of Harnett County.
    • Zoned GB (General Business) allowing for diverse development options (retail, office, mixed‑use).
    • Strategic location near downtown Lillington.
    • Rare and unparalleled opportunity with no comparable tracts of land in Harnett County.
    • Utilities available: Public Water and Sewer.
    • High‑visibility, high‑potential location suitable for a landmark project.

    Overview

    This is a commercial land tract of approximately 18.95 acres located just outside of downtown Lillington, North Carolina. The property is zoned GB (General Business) and presents a development opportunity in a growing area of Harnett County. The site is suitable for various uses, including retail, office space, and mixed-use developments. Its location near downtown Lillington makes it suitable for developers. This property offers an opportunity for investors or developers looking to capitalize on a location with high visibility and potential, allowing for a landmark project that could define the future growth of Lillington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lillington
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.816306
    Latitude
    35.402874

    Nearby Similar for Sale

    • $950,000
      3,101 SF

      Downtown Lillington Retail/Office Opportunity

      Retail/office property in downtown Lillington with high visibility.
      432 E Cornelius Harnett Boulevard E, Lillington, NC 27546
      View Details
    • $350,000
      3,231 SF

      Corner Lot Retail/Office Property

      Retail/office property with high visibility in a growing market.
      1209 S Main Street, Lillington, NC 27546
      View Details
    • $1,400,000
      2,322 SF

      Restaurant Property with Cape Fear Frontage

      Fully leased restaurant with river frontage and high traffic volume.
      100 S Main Street, Lillington, NC 27546
      View Details
    • $45,000

      Lillington Homesite with Mature Hardwoods

      1.35-acre vacant lot near downtown Lillington, Harnett County.
      Joel Johnson Road, Lillington, NC 27546
      View Details
    • $275,000

      Prime Commercial Lot in Lillington

      1.82-acre commercial lot zoned for diverse business uses.
      W Duncan Street, Lillington, NC 27546
      View Details
    • $6,640,000

      Commercial Land on Hwy 210

      25+ acres of commercial land with high visibility and frontage.
      Nc 210, Lillington, NC 27546
      View Details
    • $2,680,500

      Lillington Land with Development Potential

      35 acres near Lillington with water and sewer access.
      1130 Us 401 S, Lillington, NC 27546
      View Details
    • $850,000

      Lillington Land with Development Potential

      8-acre land parcel in Lillington, suitable for residential development.
      1102 S 6th Street, Lillington, NC 27546
      View Details
    • $299,000
      1,792 SF

      Restaurant Opportunity in Lillington, NC

      Restaurant space with high visibility and road frontage on US-421.
      8063 Old Us Hwy 421, Lillington, NC 27546
      View Details
    • $520,000

      Lillington Land with Development Potential

      Two tracts totaling 33.55 acres in Lillington, North Carolina.
      1896 & 0 Clark Road, Lillington, NC 27546
      View Details
    • $50,000

      Residential Land in Lillington, NC

      Generous lot near downtown Lillington suitable for residential construction.
      3 Lots 123 Rio Lane, Lillington, NC 27546
      View Details
    • $28,000

      Lillington Vacant Lot Opportunity

      1.27-acre vacant lot in growing Lillington area.
      Moores Chapel Road lot: 1, Lillington, NC 27546
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 18.95-acre commercial land tract near downtown Lillington, NC.
    Where is this commercial land located?
    The property is located at 307 N 10th Street Lillington, NC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Large +/-18.95‑acre commercial land tract in a fast‑growing area of Harnett County.; Zoned GB (General Business) allowing for diverse development options (retail, office, mixed‑use).; Strategic location near downtown Lillington.
    (910) 890-1974
    We can help!
    Listing Contact
    Douglas Godwin
    Real Estate License ID: 294888
    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
    307 N 10th Street, Lillington, NC 27546
    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!