Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Benson, NC Development Opportunity Title is generated by Realmo AI

    3371 Baileys Crossroads Road, Benson, NC 27504

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    28+ acres with frontage on two roads, public water.

    Added:
    Jul 2, 2025
    Days on Market:
    337
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 3371 Baileys Crossroads Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    WILLIAM YEAGER

    Listing agent WILLIAM YEAGER

    Listing office PICKETT-SPROUSE COMMERCIAL RE

    Listing date Jul 2, 2025

    Source Corcoran

    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 PICKETT-SPROUSE COMMERCIAL RE

    HighLights

    • 28+ acre development opportunity with 1,600+ feet of road frontage on two public roads.
    • Public water line on site.
    • Flat, easily developable land with low grading and foundation costs.
    • Corner parcel included, offering excellent visibility.
    • Convenient access to I‑40, I‑95, and Highway 421.
    • Harnett County RA zoning.

    Overview

    This property presents a development opportunity in Benson, North Carolina, featuring over 28 acres of land. The site offers more than 1,600 feet of frontage on two public roads, Baileys Crossroads Road and Chic Ennis Road. A public water line is located on the property. The land is noted for being flat, potentially reducing development costs related to grading and foundation work. The assemblage includes a corner parcel that benefits from excellent visibility. Zoned RA in Harnett County, the location provides convenient access to I-40, I-95, and Highway 421, facilitating connections to the Research Triangle, the NC Carolina CORE, Wilmington, and other destinations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Auto Repair Shop Department Store Kitchen & Bath Showroom HVAC Service Clothing & Fashion Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Benson
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.6033
    Latitude
    35.4122

    Nearby Similar for Sale

    • $250,000

      Benson, NC Land Opportunity

      Estate homesite in desirable location for custom residence.
      Dogeye Road lot: 10, Benson, NC 27504
      View Details
    • $250,000

      Residential Land in Benson, NC

      Homesite for custom residence in established, spacious location.
      Dogeye Road lot: 11, Benson, NC 27504
      View Details
    • $950,000
      2,863 SF

      Commercial Property Near Main Street

      Commercial property one block from Main Street and I-95.
      203 S Dunn Street, Benson, NC 27504
      View Details
    • $120,000

      Benson, NC Land Opportunity

      2.31 acres near I-95, ideal for recreation or investment.
      2115 Woods Crossroads Road, Benson, NC 27504
      View Details
    • $139,000

      Cleared Homesite Near I-40

      2.34 acre homesite near Benson, NC, ready to build.
      Woodall Dairy Road, Benson, NC 27504
      View Details
    • $549,000
      7,840 SF

      Prime Commercial Land Opportunity

      2.59-acre commercial land near I-95 and I-40 intersection.
      1283 Nc-50, Benson, NC 27504
      View Details
    • $500,000

      Commercial Land I-95 Access

      2.3 acre commercial lot with highway visibility near I-95.
      1284 Nc 50 S, Benson, NC 27504
      View Details
    • $275,000

      Benson Land with Open and Wooded Areas

      7.5 acres in Benson, NC, ideal for country living.
      Hannah Creek Road, Benson, NC 27504
      View Details
    • $1,200,000

      15.66 Acres with Dual Frontage

      15.66 acres with road frontage near I-95 and I-40.
      242 S Highway, Benson, NC 27504
      View Details
    • $599,900

      Pasture and Woods Land Parcel

      17.90-acre tract with pasture and woods, suitable for farming.
      Beasley Road, Benson, NC 27504
      View Details
    • $190,000

      Unrestricted Land Ready For Home

      4.04-acre tract ready for your dream home!
      461 Johnston County Road, Benson, NC 27504
      View Details
    • $125,000

      Cleared Homesite in Benson, NC

      1.5-acre lot with utilities near downtown Benson.
      2660 Nc 242 N, Benson, NC 27504
      View Details

    FAQs

    What type of property is this?
    Land - 28+ acres with frontage on two roads, public water.
    Where is this land located?
    The property is located at 3371 Baileys Crossroads Road Benson, NC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 28+ acre development opportunity with 1,600+ feet of road frontage on two public roads.; Public water line on site.; Flat, easily developable land with low grading and foundation costs.
    (919) 493-0395
    We can help!
    Listing Contact
    WILLIAM YEAGER
    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
    3371 Baileys Crossroads Road, Benson, NC 27504
    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!