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    Commercial Land I-95 Exit 71 Title is generated by Realmo AI

    405 Long Branch Road, Dunn, NC 28334

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    Claim this Listing
    For Sale
    $2,020,000

    13.98 acres of commercial land near I-95.

    Type:Commercial/Industrial
    Lot size:
    13.98 Acres
    Added:
    Apr 22, 2024
    Days on Market:
    773
    Last Refresh:
    May 20 at 1:40 am

    Property Features for 405 Long Branch Road

    General Information

    Standard status
    Active
    Lot size
    13.98 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    John Wayne Hudson

    Listing agent John Wayne Hudson License #215424

    Listing office Fathom Realty NC

    Listing date Apr 22, 2024

    Source Exitrealty

    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 Fathom Realty NC

    HighLights

    • Prime commercial land opportunity directly off I‑95 Exit 71 in Dunn.
    • Total of 13.98 acres with potential to combine with adjoining parcels for a total of 30.82 acres.
    • Ideal location for hotels, gas stations, truck stops, restaurants, or other businesses.
    • Significant road frontage: approximately 435' on Long Branch Rd, and approximately 1150' on both sides of Elm St Extension when combined with adjoining parcels.
    • Easy access to I‑95 due to recent DOT road widening and ramp reconstruction.
    • Zoned RA‑40 & Commercial (C3) with water and sewer available.

    Overview

    This listing features 13.98 acres of commercial land, consisting of two parcels. The property has approximately 435 feet of road frontage along Long Branch Road. It is located off Long Branch Road (Exit 71) and on each side of the Elm St Extension, which parallels I-95, one block from I-95. The land is ideally suited for hotels, a mega gas station complex, a truck stop, restaurants, or most any business. The acreage can be sold in conjunction with two other adjoining parcels, totaling 30.82 combined acres. Combined, there is approximately 740 feet of road frontage off Long Branch Road and approximately 1150 feet of road frontage off both sides of the Elm St Extension. Major DOT construction work has been and is being performed, widening I-95 along with the completed reconstruction of the Long Branch Road Exit Ramps. Water and sewer are available. The property is currently zoned RA-40 and Commercial (C3). This property is in both Dunn's ETJ and Harnett County's Land Development Jurisdiction as a 'Compact Mixed Use' area. The property is being sold 'as is'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Auto Parts Store Bar & Pub Cafe & Coffee Shop Electrical Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunn
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6227
    Latitude
    35.2739

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    FAQs

    What type of property is this?
    Commercial land - 13.98 acres of commercial land near I-95.
    Where is this commercial land located?
    The property is located at 405 Long Branch Road Dunn, NC.
    What is the asking price?
    The asking price for this property is $2,020,000.
    What are key features of this property?
    This property features: Prime commercial land opportunity directly off I‑95 Exit 71 in Dunn.; Total of 13.98 acres with potential to combine with adjoining parcels for a total of 30.82 acres.; Ideal location for hotels, gas stations, truck stops, restaurants, or other businesses.
    (919) 820-1548
    We can help!
    Listing Contact
    John Wayne Hudson
    Real Estate License ID: 215424
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    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.

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