Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5 Acre Tract with Structures Title is generated by Realmo AI

    114 Green Cedar Drive, Hamlet, NC 28345

    View on Map
    Claim this Listing
    For Sale
    $90,000

    Partially cleared 5-acre tract with two mobile homes.

    Type:Land / Undeveloped
    Property size:
    217,800 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $0.41/SF
    Added:
    May 20, 2026
    Days on Market:
    16
    Last Refresh:
    May 21 at 7:35 am

    Property Features for 114 Green Cedar Drive

    General Information

    Standard status
    Active
    Size
    217,800 SF
    Lot size
    5.00 Acres
    Property subtype
    Land / Undeveloped

    We can help!

    Listing Contact
    Christina Stewart Snead
    Christina Stewart Snead

    Listing agent Christina Stewart Snead License #301780

    Listing office A Place in the Pines Realty LLC

    Listing date May 20, 2026

    Source Compass

    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 A Place in the Pines Realty LLC

    HighLights

    • 5 acre tract of land
    • Partially cleared land
    • Two mobile homes on property
    • Fencing: None
    • Bathrooms Total Source: MLS
    • Bathrooms Total Decimal: 0.0

    Overview

    This property features a 5-acre tract that is partially cleared. The land includes two mobile homes. One home requires flooring repair, while the floor of the other home has collapsed, rendering it uninhabitable. The property offers potential for various uses.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Auto Repair Shop Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamlet
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.708102
    Latitude
    34.863773

    Nearby Similar for Sale

    • $825,000
      1,900 SF

      Investment Portfolio in Hamlet, NC

      9-property investment portfolio with single-family homes, duplex, and vacant lot.
      322 High Street, Hamlet, NC 28345
      View Details
    • $825,000

      Investment Portfolio with Vacant Lot

      Portfolio of properties including a vacant lot in Hamlet, NC.
      218 Spring Street, Hamlet, NC 28345
      View Details
    • $147,900

      Hamlet, NC Land Parcel

      11.53 acre parcel with frontage on County Home Road.
      County Home Road, Hamlet, NC 28345
      View Details
    • $160,000

      Versatile Commercial Property in Hamlet

      Two buildings with income potential and historic charm in downtown.
      115 Main St, Hamlet, NC 28345
      View Details
    • $285,000

      Hamlet, NC Land Opportunity

      10.75 acre tract zoned OI near Hamlet, NC.
      Wiregrass Road, Hamlet, NC 28345
      View Details
    • $970,000
      5,459 SF

      Medical Office Investment Opportunity

      Medical office building in downtown Hamlet, North Carolina for sale.
      222 Main St, Hamlet, NC 28345
      View Details
    • $250,000
      2,400 SF

      Commercial Land on Highway 74

      Two commercial properties with high visibility and traffic flow.
      806 E Hamlet Avenue, Hamlet, NC 28345
      View Details
    • $22,497

      Residential Land Near Hamlet

      2.4-acre residential lot with dual frontage near downtown Hamlet.
      5th Street Ext lot: 44, Hamlet, NC 28345
      View Details
    • $18,900

      3+ Acres in Hamlet Neighborhood

      Two wooded lots to build your custom dream home!
      ellen Drive, Hamlet, NC 28345
      View Details
    • $49,500

      Cleared Land in Hamlet, NC

      Two cleared lots suitable for mobile homes in Hamlet.
      Wiregrass Road, Hamlet, NC 28345
      View Details
    • $150,000

      Commercial Land Near Interstate 74

      1.91 acre commercial site near I-74 in Hamlet, NC.
      467 Louis Breeden Boulevard, Hamlet, NC 28345
      View Details
    • $33,000

      Two Acres in Hamlet, NC

      2-acre parcel near downtown Hamlet and Rockingham, NC.
      Hylan Avenue, Hamlet, NC 28345
      View Details

    FAQs

    What type of property is this?
    Land - Partially cleared 5-acre tract with two mobile homes.
    Where is this land located?
    The property is located at 114 Green Cedar Drive Hamlet, NC.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: 5 acre tract of land; Partially cleared land; Two mobile homes on property
    (910) 331-4103
    We can help!
    Listing Contact
    Christina Stewart Snead
    Christina Stewart Snead
    Real Estate License ID: 301780
    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
    114 Green Cedar Drive, Hamlet, NC 28345
    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!