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

    Cy Williams Boulevard Lumberton, NC 28360

    View on Map
    Claim this Listing
    For Sale
    $33,000

    LAND - Lumberton, NC

    Lot size:
    0.29 Acres
    Added:
    Oct 31, 2024
    Days on Market:
    535
    Last Refresh:
    Apr 18 at 10:06 am

    Property Features for Cy Williams Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    161004050
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    LT 50 PINECREST VILLAGE MB 46@53

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    OWEN THOMAS

    Listing agent OWEN THOMAS License #328295

    Listing office RE/MAX REAL ESTATE EXCHANGE 600-E FARRINGDOM STREET, LUMBERTON, NC

    Listing date Oct 31, 2024

    MLS# 734388 Listing URL

    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

    Vacant Lot on Golf Course

    This 0.29-acre vacant lot is located in Lumberton, North Carolina, within the Pine Crest Golf Course community. The property is cleared and ready for new residential construction. Situated in a sought-after, quiet neighborhood, this lot presents an opportunity to build a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lumberton
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.0700384
    Latitude
    34.6287322

    Nearby Similar for Sale

    • $369,000
      650 SF

      Lumberton Automotive Sales and Service

      Commercial property suitable for automotive sales and service.
      302 E 2ND Street, Lumberton, NC 28358
      View Details
    • $60,000

      Lumberton Commercial Land Opportunity

      2.81-acre commercial land in Lumberton, NC, B2 zoning.
      951 Caton Road lot: 2, Lumberton, NC 28360
      View Details
    • $20,000

      Lumberton Land Opportunity

      Two acres of land in Lumberton, North Carolina.
      38 Leggett Street, Lumberton, NC 28358
      View Details
    • $145,000
      12,084 SF

      Historic Downtown Retail Opportunity

      Large retail space in Lumberton's historic district.
      305 N Elm Street, Lumberton, NC 28358
      View Details
    • $349,900

      Lumberton MHP Investment Opportunity

      Approved mobile home park with existing income and expansion potential.
      409 Burns Road, Lumberton, NC 28358
      View Details
    • $3,000,000
      1,820 SF

      Lumberton Commercial Land Opportunity

      3.18 acres of commercial land in high-traffic Lumberton corridor.
      5105 N Fayetteville Road, Lumberton, NC 28360
      View Details
    • $40,000

      Lumberton, NC Land Opportunity

      2.53 acres of land near Grace Church in Lumberton.
      Backswamp Road, Lumberton, NC 28358
      View Details
    • $40,000

      Lumberton, NC Ready-to-Build Lot

      Cleared, level lot in Robeson County, convenient location.
      Pleasant Hope Road lot: A, Lumberton, NC 28340
      View Details
    • $20,000

      Lumberton Land with Utilities

      Two-acre lot with existing utilities, ready for development.
      38 Leggett Street, Lumberton, NC 28358
      View Details
    • $90,000

      Lumberton Land for Residential Development

      10+ acre lot suitable for residential development near Lumberton.
      Rowan Road, Lumberton, NC 28358
      View Details
    • $65,000

      Lumberton Land for Recreation, Hunting

      10.97 acres near Lumberton, NC, ideal for recreation.
      Alamac Road, Lumberton, NC 28358
      View Details
    • $31,000

      Residential Lot in Lumberton, NC

      0.29-acre residential lot, prime infill opportunity in established neighborhood.
      North Street, Lumberton, NC 28358
      View Details

    FAQs

    What type of property is this?
    Land - Cleared vacant lot ready for new construction on golf course.
    Where is this land located?
    The property is located at Cy Williams Boulevard Lumberton, NC.
    What is the asking price?
    The asking price for this property is $33,000.
    What are key features of this property?
    This property features: Vacant lot on Pine Crest Golf Course; Cleared lot, ready for construction; Located in a quiet, sought‑after community
    (919) 889-2514
    We can help!
    Listing Contact
    OWEN THOMAS
    Real Estate License ID: 328295
    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!