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    Renovated Duplexes in Arran Lakes Title is generated by Realmo AI

    6095 Lunar Dr, Fayetteville, NC 28304

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    For Sale
    $2,000,000

    Fully renovated 12-unit short-term rental community in Fayetteville, North Carolina.

    Type:Multifamily
    Lot size:
    1.92 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 3 at 4:57 am

    Property Features for 6095 Lunar Dr

    General Information

    Standard status
    Active
    Lot size
    1.92 Acres
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Matthew Rice

    Listing agent Matthew Rice License #NC: 337472

    Listing office Charlotte Uptown Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Charlotte Uptown Office

    HighLights

    • Fully renovated in 2019 with $1.4 million in capital improvements, including new HVAC, electrical, plumbing, and unit renovations.
    • Turnkey short‑term and mid‑term rental community with 12 fully furnished units (8 one‑bedroom, 4 studio) equipped with amenities like in‑unit washers/dryers and dedicated fiber optic internet.
    • Located in the desirable Arran Lakes neighborhood of Fayetteville, near major employers, retail, dining, and Fort Bragg.
    • Gated community with security fencing and upgraded 200‑amp service per unit.
    • Strong connectivity and convenient access due to its location directly off Raeford Road, a major corridor.
    • New underground utilities, sewer and lift station installation, and extensive site work.

    Overview

    Pineland Express is a 12-unit short-term and mid-term rental community located in the Arran Lakes neighborhood of Fayetteville, North Carolina. The property consists of six fully renovated duplexes situated on 1.92 acres, originally built in 1961. Since 2019, approximately $1.4 million has been invested in capital improvements, including full down-to-the-studs unit renovations, new HVAC systems, complete electrical and plumbing replacement, new underground utilities, sewer and lift station installation, upgraded 200-amp service per unit, new windows, fiber infrastructure, security fencing and gated access, and extensive grading and site work. The unit mix includes eight one-bedroom layouts and four studios, with each unit being fully furnished and equipped with custom rainfall showers, in suite washers and dryers, dedicated fiber optic internet connections, and kitchens with full-size appliances. The gated community layout and turnkey operating structure make this an attractive opportunity for investors seeking immediate income. The asset is positioned directly off Raeford Road, providing connectivity and convenient access to retail, dining, and major employers. Located within Arran Lakes, the property benefits from proximity to Fort Bragg, regional medical centers, and key commuter routes connecting to the broader Fayetteville MSA. This property is a compelling opportunity for investors seeking both immediate income and long-term upside in the Fayetteville rental market.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9801837
    Latitude
    35.0429607

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    FAQs

    What type of property is this?
    Short term rental property - Fully renovated 12-unit short-term rental community in Fayetteville, North Carolina.
    Where is this short term rental property located?
    The property is located at 6095 Lunar Dr Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Fully renovated in 2019 with $1.4 million in capital improvements, including new HVAC, electrical, plumbing, and unit renovations.; Turnkey short‑term and mid‑term rental community with 12 fully furnished units (8 one‑bedroom, 4 studio) equipped with amenities like in‑unit washers/dryers and dedicated fiber optic internet.; Located in the desirable Arran Lakes neighborhood of Fayetteville, near major employers, retail, dining, and Fort Bragg.
    (919) 674-1112
    We can help!
    Listing Contact
    Matthew Rice
    Real Estate License ID: NC: 337472
    Learn More
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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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