Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    190 Church Cir Ln Bunnlevel, NC 28323

    • Commercial real estate
    • 3,384 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 190 Church Cir Ln

    Year built
    1960
    Lot size
    0.41 lot acres
    Property size
    3,384 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,384 square foot commercial property, situated on a 0.41-acre lot at 190 Church Circle Lane in Bunnlevel, NC, presents a unique opportunity for a thriving garage business. Previously a fire station, the building boasts exceptional structural integrity, ensuring a solid foundation for your enterprise. The property features four bays, including one equipped with a lift, and a fully functional paint booth complete with an air compressor. The renovated office space offers convenient his/her bathrooms, enhancing both employee comfort and client experience. Recent upgrades include a newly replaced front half of the roof, fresh exterior paint, new lighting fixtures, and six brand new windows. While an air conditioning unit is needed, the building is otherwise well-maintained and ready for immediate occupancy. Its strategic location on the outskirts of Lillington provides easy access to SW Wake County, Sanford, Fayetteville, and the entirety of Harnett County, maximizing your reach and potential customer base. This is a turnkey opportunity to establish or expand your business in a highly accessible and well-constructed building. The property's solid construction, combined with its strategic location and existing infrastructure, makes it an ideal investment for any entrepreneur seeking a strong foothold in a growing market. Don't miss this chance to build your business in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bunnlevel
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.7823
    Latitude
    35.307

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      439 Kotata Ave

      COMMERCIAL (GENERAL) • 0.17 Acres
      439 Kotata Ave, Bunnlevel, NC 28323
      View Details
    • Value Estimation
      $100,000
      23,920 SF

      132 Industrial Dr

      COMMERCIAL (GENERAL) • 23,920 SF
      132 Industrial Dr, Bunnlevel, NC 28323-9052
      View Details
    • Value Estimation by Request
      648 SF

      153 Industrial Dr

      COMMERCIAL (GENERAL) • 648 SF
      153 Industrial Dr, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      882 SF

      1049 Raynor Mclamb Rd

      COMMERCIAL (GENERAL) • 882 SF
      1049 Raynor Mclamb Rd, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      9,600 SF

      299 Mcneill Hobbs Rd

      COMMERCIAL CONDOMINUIM • 9,600 SF
      299 Mcneill Hobbs Rd, Bunnlevel, NC 28323-8749
      View Details
    • Value Estimation by Request
      4,000 SF

      2225 Mclean Chapel Church Rd

      COMMERCIAL CONDOMINUIM • 4,000 SF
      2225 Mclean Chapel Church Rd, Bunnlevel, NC 28323-9153
      View Details

    Similar Nearby for Sale

    • $250,000
      5.78 Acres

      Bunnlevel Commercial Land - $250k

      5.78 Acres, Wooded, County Utilities
      1755 Bunnlevel Erwin Rd, Bunnlevel, NC 28323
      View Details
    • $3,000,000
      100.00 Acres

      100-Acre Bunnlevel Land

      Prime NC acreage, endless potential.
      2044 Wire Rd, Bunnlevel, NC 28323
      View Details
    • $250,000

      Harnett County Partially Cleared Land

      Approximately 6 acres of land in Harnett County for sale.
      Mike Williams Ln, Bunnlevel, NC 28323
      View Details
    • $267,000
      Pending

      Land For Sale in Bunnlevel

      29.98 acres of land in Bunnlevel, North Carolina.
      Covington Rd, Bunnlevel, NC 28323
      View Details
    • $1,700,000

      Active Broiler Farm with Updated Houses

      Operational poultry farm with updated broiler houses and expansion potential.
      1333 Bunnlevel Erwin Rd, Bunnlevel, NC 28323
      View Details
    • $1,499,000
      71.35 Acres

      71.35 Acres Land in Bunnlevel

      Land with development potential near Anderson Creek Club and Fort Bragg.
      Lemuel Black Rd, Bunnlevel, NC 28323
      View Details
    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.
    190 Church Cir Ln
    Bunnlevel, NC 28323
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.