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    687 Brock Rd Bunnlevel, NC 28323

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    For Sale
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    Well-maintained poultry operation on 45 acres in Harnett County.

    Lot size:
    45.00 Acres

    Property Features for 687 Brock Rd

    General Information

    Standard status
    Active
    Lot size
    45.00 Acres

    We can help!

    Listing Contact
    Douglas Moore
    Source: Corcoran

    Listing Agency: EXP REALTY Listing Agent: Douglas Moore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Poultry Farm For Sale

    Located in Harnett County, NC, this turnkey poultry farm is available for sale. The property spans approximately 45 acres and includes a full equipment package. The poultry operation features eight houses, each measuring 41.5' x 500', constructed in 2007. Recent upgrades include full house cleanouts, many new fans, and new control panels on Chore-Tronics 2 programmers. The infrastructure includes two 42' x 100' litter sheds built in 2022, a 6-bay composter, three wells, county water, a 133 kW generator, and a pond. The sale includes equipment such as a Case 580L Backhoe, a Kubota L3410 Tractor with LA481 Loader, a 1998 Chevy 1500, a 2004 GMC 1500, a 1998 John Deere 5310, an LB2 Lewis Brothers Poultry House Cleaner, and a KMC 500-Gallon Sprayer. The farm is currently under contract with Mountaire, which may be continued with required upgrades. Payout schedules, litter management plans, and all contract documents are available to qualified buyers. Showings are by appointment only with 24 hours' notice due to Avian Flu precautions.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Bunnlevel
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.8459765
    Latitude
    35.2952159

    Nearby Similar for Sale

    • Contact for pricing

      Active Broiler Farm with Updated Houses

      Operational poultry farm with updated broiler houses and expansion potential.
      1333 Bunnlevel Erwin Rd, Bunnlevel, NC 28323
      View Details

    FAQs

    What type of property is this?
    Farm - Well-maintained poultry operation on 45 acres in Harnett County.
    Where is this farm located?
    The property is located at 687 Brock Rd Bunnlevel, NC.
    What are key features of this property?
    This property features: - Turnkey, income-producing poultry farm operation ready for immediate production.; - ±45 acres including (8) 41.5' x 500' poultry houses built in 2007.; - Recent upgrades including full house cleanouts, new fans, and new control panels on Chore-Tronics 2 programmers.
    (888) 584-9431
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    687 Brock Rd Bunnlevel, NC 28323
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    Bunnlevel, NC 28323
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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.

    More about this property
    687 Brock Rd Bunnlevel, NC 28323
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    Listing Contact
    Douglas Moore
    (888) 584-9431
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