Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newer Townhome-Style Apartments Near Campbell Title is generated by Realmo AI

    104 Brickyard Ln, Lillington, NC 27546

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    Nine townhome-style apartments near Campbell University with value-add potential.

    Type:Multifamily
    Property size:
    1,450 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $1,344/SF
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 9:50 pm

    Property Features for 104 Brickyard Ln

    General Information

    Standard status
    Active
    Size
    1,450 SF
    Lot size
    1.20 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Kyle Gross
    Kyle Gross

    Listing agent Kyle Gross

    Listing office

    Listing date Mar 6, 2026

    Source Lee-associates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kyle Gross

    HighLights

    • Located steps from Campbell University in a supply‑constrained student housing market.
    • Nine newer‑construction (2017) townhome‑style apartments with modern finishes.
    • Each unit is large (±1,450 SF) with 3 bedrooms and 3 full bathrooms.
    • Individually deeded units enable flexible financing and exit strategies.
    • Value‑add investment opportunity with rents $300-$400/unit/month below market.
    • Includes 1.2 acres with an approved site plan for 9 additional units.

    Overview

    Brickyard Landing offers nine townhome-style apartments constructed in 2017, situated near Campbell University in Buies Creek, NC. Each unit features approximately 1,450 square feet of living space, with three bedrooms and three full bathrooms. The apartments have modern finishes, open layouts, washer and dryer hookups, granite countertops, and LVP flooring. The property includes 1.2 acres with an approved site plan for nine additional units. Each occupant has their own parking space. The units are individually metered and deeded, which allows for flexible financing and exit strategies. The property has historically strong occupancy and professional management. There is potential for value-add investment with upside due to rents currently being below market $300-$400/unit/month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Food Market Accounting Firm Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lillington
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.7341823
    Latitude
    35.4136195

    Nearby Similar for Sale

    • $950,000
      3,101 SF

      Downtown Lillington Retail/Office Opportunity

      Retail/office property in downtown Lillington with high visibility.
      432 E Cornelius Harnett Boulevard E, Lillington, NC 27546
      View Details
    • $350,000
      3,231 SF

      Downtown Lillington Commercial Renovation Opportunity

      High-exposure commercial property with renovation potential in growing downtown Lillington.
      1209 S Main Street, Lillington, NC 27546
      View Details
    • $165,000
      2,938 SF

      Lillington Church Building Transformation

      Unique church building ready for complete transformation near Lillington, NC.
      25 Bailey Way Road, 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 Street, Lillington, NC 27546
      View Details
    • $299,000
      1,792 SF

      Restaurant Opportunity in Lillington, NC

      Restaurant space with high visibility and road frontage on US-421.
      8063 Old Us Hwy 421, Lillington, NC 27546
      View Details
    • $449,900
      2,059 SF

      Prime Commercial Space in Lillington

      Commercial space with road frontage, ideal for various business types.
      607 S 1 St Street, Lillington, NC 27546
      View Details
    • $350,000
      3,231 SF

      Corner Lot Retail/Office Property

      Retail/office property with high visibility in growing market.
      1211 S Main St, Lillington, NC 27546
      View Details
    • $1,700,000

      Warehouse and Storage Unit Opportunity

      Two tracts with warehouse and storage units for sale.
      480 E Cornelius Harnett Boulevard, Lillington, NC 27546
      View Details
    • $107,859

      Lillington Land Auction Opportunity

      44+ acres with home, barns, pastures near Fort Liberty.
      Docs Road lot: 9, Lillington, NC 27546
      View Details
    • $1,200

      Downtown Lillington Commercial Space

      Commercial space with offices and kitchen in downtown Lillington.
      207 W Front Street, Lillington, NC 27546
      View Details
    • Contact for pricing
      14,400 SF

      Retail Center in Greenfield Development

      High-visibility retail center in a growing area near major routes.
      US-421, Lillington, NC 27546
      View Details
    • Contact for pricing
      14,400 SF

      Retail Center in Greenfield Development

      High-visibility retail center in growing Harnett County, near major routes.
      US-421, Lillington, NC 27546
      View Details

    FAQs

    What type of property is this?
    Apartment building - Nine townhome-style apartments near Campbell University with value-add potential.
    Where is this apartment building located?
    The property is located at 104 Brickyard Ln Lillington, NC.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Located steps from Campbell University in a supply‑constrained student housing market.; Nine newer‑construction (2017) townhome‑style apartments with modern finishes.; Each unit is large (±1,450 SF) with 3 bedrooms and 3 full bathrooms.
    (919) 591-2276
    We can help!
    Listing Contact
    Kyle Gross
    Kyle Gross
    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

    Thank You for Inquiry
    104 Brickyard Ln, Lillington, NC 27546
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!