Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land with Septic Tanks Title is generated by Realmo AI

    57 Shamrock Lane, Lillington, NC 27546

    View on Map
    Claim this Listing
    For Sale
    $70,000

    Land with operational septic tanks and city utilities access.

    Type:Lots/Land
    Lot size:
    1.12 Acres
    Added:
    Jan 23, 2025
    Days on Market:
    496
    Last Refresh:
    May 19 at 8:42 pm

    Property Features for 57 Shamrock Lane

    General Information

    Standard status
    Active
    Lot size
    1.12 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Linda Chrissel Leon

    Listing agent Linda Chrissel Leon License #354217

    Listing office Profit Point Real Estate

    Listing date Jan 23, 2025

    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 Profit Point Real Estate

    HighLights

    • Property is ready for development
    • Includes 3 operational septic tanks
    • Total of 5 septic tanks on the property
    • Access to city water
    • Access to city electricity
    • Previously used as a mobile home parking lot

    Overview

    This property was formerly a parking lot for five mobile homes. It features five septic tanks, of which three are operational. The site also has access to city water and city electricity.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lillington
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.9874
    Latitude
    35.3213

    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
    • $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
    • $165,000
      2,938 SF

      Lillington Church Building Transformation Project

      Unique 1960s church building ready for complete transformation near Lillington.
      25 Bailey Way Road, 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
    • $2,680,500

      Lillington Land with Development Potential

      35 acres near Lillington with water and sewer access.
      1130 Us 401 S, 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
    • $45,000

      Lillington Homesite with Mature Hardwoods

      1.35-acre vacant lot near downtown Lillington, Harnett County.
      Joel Johnson Road, Lillington, NC 27546
      View Details
    • $149,000

      6.86 Acres on Hwy 27

      6.86-acre tract in Western Harnett County with road frontage.
      NC 27 W, Lillington, NC 27546
      View Details
    • $275,000

      Prime Commercial Lot in Lillington

      1.82-acre commercial lot zoned for diverse business uses.
      W Duncan Street, Lillington, NC 27546
      View Details
    • $6,640,000

      Commercial Land on Hwy 210

      25+ acres of commercial land with high visibility and frontage.
      Nc 210, Lillington, NC 27546
      View Details

    FAQs

    What type of property is this?
    Land - Land with operational septic tanks and city utilities access.
    Where is this land located?
    The property is located at 57 Shamrock Lane Lillington, NC.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Property is ready for development; Includes 3 operational septic tanks; Total of 5 septic tanks on the property
    (919) 867-9858
    We can help!
    Listing Contact
    Linda Chrissel Leon
    Real Estate License ID: 354217
    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
    57 Shamrock Lane, 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!