Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Interstate 74 Title is generated by Realmo AI

    467 Louis Breeden Boulevard, Hamlet, NC 28345

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Hamlet, NC

    Lot size:
    1.91 Acres
    Added:
    Dec 30, 2024
    Days on Market:
    507
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 467 Louis Breeden Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B-2
    Standard status
    Active
    APN
    749000136811
    Lot size
    1.91 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    AC Bennettsville Rd & DW Parcel ID: 749000136811 Deed Book/Page: 00624/0902

    We can help!

    Listing Contact
    Holly Spofford Bell
    Holly Spofford Bell

    Listing agent Holly Spofford Bell License #252152

    Listing office Carolina Summit Group, LLC PO Box 249, Southern Pines, NC

    Listing date Dec 30, 2024

    MLS# 100481432

    Copyright © 2026 Hive 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

    • 1. 91 +/- acre commercial site
    • Great location near I‑74 off‑ramp (17,000 AADT)
    • Zoned B‑2, General Business, allowing for a variety of uses
    • Ideal for convenience store or gas station
    • Close proximity to downtown Hamlet (2 miles)
    • Less than 4 miles from the South Carolina border

    Overview

    This commercial site encompasses 1.91 acres and is located near the off-ramp of Interstate 74 onto Louis Breeden Blvd (NC-38), which has an Average Annual Daily Traffic (AADT) count of 17,000 on I-74. Situated approximately 2 miles from downtown Hamlet and less than 4 miles from the South Carolina border, the property is zoned B-2, General Business, allowing for a variety of permitted uses. It is located in City ETJ. The property is being sold as-is, with no value attributed to the existing structures. It is ideal for a convenience store or gas station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply HVAC Service Car Rental Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamlet
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.6948981
    Latitude
    34.8571496

    Nearby Similar for Sale

    • $875,000
      1,900 SF

      Investment Portfolio in Hamlet, NC

      Nine properties for sale as a single investment portfolio.
      322 High Street, Hamlet, NC 28345
      View Details
    • $22,497

      Residential Land Near Hamlet

      2.4-acre residential lot with dual frontage near downtown Hamlet.
      5th Street Ext lot: 44, Hamlet, NC 28345
      View Details
    • $33,000

      Two Acres in Hamlet, NC

      2-acre parcel near downtown Hamlet and Rockingham, NC.
      Hylan Avenue, Hamlet, NC 28345
      View Details
    • $49,500

      Cleared Land in Hamlet, NC

      Two cleared lots suitable for mobile homes in Hamlet.
      Wiregrass Road, Hamlet, NC 28345
      View Details
    • $285,000

      Hamlet, NC Land Opportunity

      10.75 acre tract zoned OI near Hamlet, NC.
      Wiregrass Road, Hamlet, NC 28345
      View Details
    • $18,900

      3+ Acres in Hamlet Neighborhood

      Two wooded lots to build your custom dream home!
      ellen Drive, Hamlet, NC 28345
      View Details
    • $150,000
      5,060 SF

      Downtown Hamlet Commercial Building

      Premier commercial building in downtown Hamlet, North Carolina.
      20 Hamlet Avenue, Hamlet, NC 28345
      View Details
    • $85,000

      Prime Wooded Land in Hamlet, NC

      15+ acres of wooded land near Amazon distribution center.
      Scholl Road, Hamlet, NC 28345
      View Details
    • $29,900

      Acre Lot Ready for Home

      One-acre lot outside city limits with utilities available.
      418 Old Laurinburg Road, Hamlet, NC 28345
      View Details
    • $85,000

      Prime Wooded Land in Hamlet

      15+ acres near Amazon, ideal for building or investment.
      Scholl Road lot: 2, Hamlet, NC 28345
      View Details
    • $25,000

      Vacant Lot in Hamlet, NC

      High-profile vacant lot suitable for residential or commercial development.
      Hwy 74 E, Hamlet, NC 28345
      View Details
    • $970,000
      5,459 SF

      Medical Office Investment Opportunity

      Medical office building in downtown Hamlet, North Carolina for sale.
      222 Main St, Hamlet, NC 28345
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.91 acre commercial site near I-74 in Hamlet, NC.
    Where is this commercial land located?
    The property is located at 467 Louis Breeden Boulevard Hamlet, NC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 1. 91 +/- acre commercial site; Great location near I‑74 off‑ramp (17,000 AADT); Zoned B‑2, General Business, allowing for a variety of uses
    (910) 690-1065
    We can help!
    Listing Contact
    Holly Spofford Bell
    Holly Spofford Bell
    Real Estate License ID: 252152
    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
    467 Louis Breeden Boulevard, Hamlet, NC 28345
    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!