Sign Up Successful!
You now have access to more from Realmo!
    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

    Patton Street Ext Hamlet, NC 28345

    Sponsored
    For Sale
    Contact for pricing

    LAND - Hamlet, NC

    Lot size:
    2.00 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 31 at 3:06 pm

    Property Features for Patton Street Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    [
    APN
    749203432268
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Mikala Britt

    Realty One Group Affinity (910) 376-9399

    Listing agent Mikala Britt License #345825

    Listing date Jan 20, 2026

    MLS# 100541981 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Hamlet, NC

    This 2-acre residential land is located in Hamlet, North Carolina. The property is zoned R-6 for single-family residential use as part of the Town of Dobbins Heights, just north of the city of Hamlet. The terrain is flat. Public sewer and water are available, and Duke Energy provides power. The property has paved road access and an elevation of 397 feet. There is no HOA. It offers convenient access to NC-177, I-74, and downtown Rockingham. Stick-built, modular, and manufactured homes are allowed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hamlet
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.686494
    Latitude
    34.910934

    Nearby Similar for Sale

    • $275,000
      2,560 SF

      Renovated Home with Income Potential

      Restored home with a private 1-bedroom apartment for rental.
      203 Minturn Ave, Hamlet, NC 28345
      View Details
    • $150,000
      2,028 SF

      Mixed-Use Property in Downtown Hamlet

      Multi-family, business-zoned property in downtown Hamlet, North Carolina.
      202 W Main St W, Hamlet, NC 28345
      View Details
    • $200,000

      Hamlet NC Storage Facility

      Rent-ready indoor storage facility in revitalizing downtown Hamlet, NC.
      111 Champlain St, Hamlet, NC 28345
      View Details
    • $345,900
      1.03 Acres

      Hamlet Hwy 74 Commercial Land

      Prime 1.03-acre commercial lot. High-traffic location.
      Tbd Hwy 74 Hwy, Hamlet, NC 28345
      View Details
    • $150,000
      1.91 Acres

      Hamlet Industrial Land Opportunity

      1.91 Acres, $150,000 - Prime Location
      467 Louis Breeden Blvd, Hamlet, NC 28345
      View Details
    • $325,000
      2,400 SF

      Hamlet Commercial Building - Great Investment

      Prime Hamlet location, 2400 sq ft, 0.42 acre lot.
      806 Hamlet Ave, Hamlet, NC 28345
      View Details
    • $245,000
      2,480 SF

      Hamlet Commercial Building - Great Investment

      Prime Hamlet location, 2,480 sq ft, 0.78 acre lot.
      111 Raleigh St, Hamlet, NC 28345
      View Details
    • $150,000
      5,060 SF

      Hamlet Commercial Building - Great Investment

      Prime Hamlet location, 5,060 sq ft, 0.23 acres.
      20 Hamlet Ave, Hamlet, NC 28345
      View Details
    • Contact for pricing
      0.08 Acres

      Hamlet Commercial Lot - Prime Location

      Affordable Hamlet commercial land, ideal for development.
      Tbd Hamlet Ave, Hamlet, NC 28345
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre residential land with utilities near Rockingham and Hamlet.
    Where is this residential land & home lot located?
    The property is located at Patton Street Ext Hamlet, NC.
    What is the asking price?
    The asking price for this property is $19,000.
    What are key features of this property?
    This property features: - Public water and sewer provide reliable utility services.; - Zoned R-6, perfect for stick-built, modular, or manufactured homes.; - No HOA means freedom from fees and regulations.
    (910) 280-4315
    Request Owner's contact information
    Patton Street Ext Hamlet, NC 28345
    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.
    Patton Street Ext
    Hamlet, NC 28345
    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
    Patton Street Ext Hamlet, NC 28345
    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
    Mikala Britt
    Real Estate License ID: 345825
    (910) 280-4315
    Learn more
    Google sign-in failed. Please try again or use another login method.