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

    Cedar Grove School Rd Lillington, NC 27546

    View on Map
    Sponsored
    Pending
    $449,900

    LAND - Lillington, NC

    Lot size:
    -10.00 Acres
    Days on Market:
    38
    Last Refresh:
    Mar 17 at 10:06 am

    Property Features for Cedar Grove School Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Vegetation
    Heavily Wooded
    Zoning
    RA20M
    APN
    265524, 265534, 265570
    Lot size
    -10.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Tim Matthews

    Century 21 Becky Medlin Realty 919-552-4517 ext.222

    Listing agent Tim Matthews (919) 291-1991

    Listing date Feb 7, 2026

    MLS# 10114000 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.

    Learn more

    Overview

    Land Parcels in Growing Location

    Three land parcels are being sold together in a growing location in Lillington, North Carolina. The parcels benefit from nearby water and sewer access. Their location offers convenient access to Campbell University. The zoning is RA20M.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lillington
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.770847
    Latitude
    35.410912

    Nearby Similar for Sale

    • New
      $350,000
      Pending

      Corner Lot Retail/Office Property

      Retail/office property with high visibility in a growing market.
      1209 S Main St, Lillington, NC 27546
      View Details
    • $950,000
      3,101 SF

      Downtown Lillington Retail/Office Opportunity

      Retail/office property in downtown Lillington with high visibility.
      432 And 2, 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 St, Lillington, NC 27546
      View Details
    • $325,000
      1,792 SF

      Restaurant Opportunity in Lillington, NC

      Restaurant property with high visibility and parking in Lillington.
      8063 Old Us Hwy 421, Lillington, NC 27546
      View Details
    • $449,900
      Pending

      Prime Commercial Space in Lillington

      Commercial space with road frontage, ideal for various business types.
      607 S 1St St, Lillington, NC 27546
      View Details
    • $1,950,000

      Newer Townhome-Style Apartments Near Campbell

      Nine townhome-style apartments near Campbell University with value-add potential.
      104 Brickyard Ln, Lillington, NC 27546
      View Details
    • $1,700,000
      Pending

      Warehouse and Storage Unit Opportunity

      Two tracts with warehouse and storage units for sale.
      480 E Cornelius Harnett Blvd, Lillington, NC 27546
      View Details
    • $325,000
      Pending

      Operational Chicken Farm on 10 Acres

      Operational chicken farm on 10 acres near Lillington, North Carolina.
      Spring Hill Church Rd, Lillington, NC 27546
      View Details
    • $475,000
      3,240 SF

      Lillington Medical Office Building

      Prime Downtown Location, 3,240 SF
      407 Front St, Lillington, NC 27546
      View Details
    • $1,495,000
      6,497 SF

      Prime Medical Office Building in Lillington, NC

      Spacious medical office with strong lease in place.
      7 Duncan St, Lillington, NC 27546
      View Details
    • $1,495,000
      6,497 SF

      Prime Medical Office Building in Lillington, NC

      Spacious medical office with strong lease in place.
      7 Duncan St, Lillington, NC 27546
      View Details
    • $225,000
      1,285 SF

      Lillington Office Building - Prime Location

      Downtown Lillington Office, High Visibility
      209 Front St, Lillington, NC 27546
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three land parcels for sale near Campbell University, Lillington, NC.
    Where is this commercial land located?
    The property is located at Cedar Grove School Rd Lillington, NC.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - 3 land parcels being sold together, presenting a unique opportunity.; - Growing location, ideal for future development.; - Water and sewer nearby for easy connection.
    (919) 291-1991
    Request Owner's contact information
    Cedar Grove School Rd Lillington, NC 27546
    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.
    Cedar Grove School Rd
    Lillington, NC 27546
    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
    Cedar Grove School Rd Lillington, NC 27546
    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

    We can help!
    Listing Contact
    Tim Matthews
    Real Estate License ID: 74333
    (919) 291-1991 (919) 552-4517
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!