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

    652 Melstone Drive Fayetteville, NC 28311

    View on Map
    Claim this Listing
    For Sale
    $31,000

    LAND - Fayetteville, NC

    Lot size:
    0.47 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 15 at 2:06 am

    Property Features for 652 Melstone Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0541-63-1795.000
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Description
    CAPE FEAR EST LO:5 SE:01 PL:0037-0013

    We can help!

    Listing Contact
    THE YETI HOUSE POWERED BY EXP REALTY LLC

    Listing agent THE YETI HOUSE POWERED BY EXP REALTY LLC License #.

    Listing office EXP REALTY LLC 109 HAY ST STE 202, Charlotte, NC

    Listing date Feb 25, 2026

    MLS# 757881

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

    Overview

    Residential Land in Quiet Location

    Located at the end of a quiet, paved street, this nearly half-acre of land offers a canvas for a new story. The property is positioned in a location where the surroundings are peaceful, yet conveniently close to amenities. Fort Liberty, I-295, and North Fayetteville are all within minutes of the property. The buyer is responsible for confirming utility hook ups. The property is located in Fayetteville, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Dental Office Auto Repair Shop Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.84545
    Latitude
    35.161534

    Nearby Similar for Sale

    • $435,000
      3,353 SF

      Medical Office Investment Opportunity

      Leased medical office space near Cape Fear Valley Hospital.
      1790 Metro Medical Drive, Fayetteville, NC 28304
      View Details
    • $389,000
      2,000 SF

      Fayetteville Retail/Office Opportunity

      Versatile building near I-95, ideal for retail or office.
      1935 Gillespie Street, Fayetteville, NC 28306
      View Details
    • $649,000
      1,982 SF

      Freestanding Retail Building in Fayetteville

      Prime location near Fort Bragg, ideal for QSR or medical.
      5025 Santa Fe Drive, Fayetteville, NC 28303
      View Details
    • $639,000

      Fayetteville Medical Office Condo

      Medical office condo near hospital and medical school.
      1756 Metro Medical Drive, Fayetteville, NC 28304
      View Details
    • $1,999,000
      10,924 SF

      Downtown Fayetteville Commercial Property

      Commercial property in downtown Fayetteville with flexible layout and high visibility.
      123 Hay Street, Fayetteville, NC 28301
      View Details
    • $550,000

      Fayetteville Commercial Corner Site

      Highly visible 1.25-acre commercial corner site in Fayetteville, NC.
      Graham Road, Fayetteville, NC 28304
      View Details
    • $1,000,000
      2,198 SF

      Professional Office Building Near Fort Bragg

      2,168 SF office building near Fort Bragg.
      5310 Yadkin Road, Fayetteville, NC 28303
      View Details
    • $311,000

      Fayetteville Commercial Land For Sale

      Vacant lot near Hwy 87, suitable for diverse commercial uses.
      820 Gurley Street, Fayetteville, NC 28305
      View Details
    • $145,000

      High-Visibility Commercial Lot on Bragg

      0.55-acre commercial lot with high visibility on Bragg Blvd.
      1021 Bragg Boulevard, Fayetteville, NC 28301
      View Details
    • $360,000

      Fayetteville Office Space with Garage

      Office space with garage in a convenient Fayetteville location.
      7670 Raeford Road, Fayetteville, NC 28304
      View Details
    • $6,000
      5,751 SF

      Downtown Fayetteville Flexible Commercial Space

      Versatile 5,000+ sq ft property in downtown Fayetteville.
      201-203 Franklin Street, Fayetteville, NC 28301
      View Details
    • $430,000

      Reilly Road Commercial Land

      3.09 acres of commercial land near Fort Bragg gate.
      590 N Reilly Road, Fayetteville, NC 28303
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly half-acre residential land in Fayetteville, NC.
    Where is this residential land & home lot located?
    The property is located at 652 Melstone Drive Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $31,000.
    What are key features of this property?
    This property features: Nearly half‑acre lot offers ample space for building.; Located at the end of a quiet, paved street, providing privacy.; Convenient access to Fort Liberty, I‑295, and North Fayetteville.
    (910) 286-8001
    We can help!
    Listing Contact
    THE YETI HOUSE POWERED BY EXP REALTY LLC
    Real Estate License ID: .
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!