Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lumberton Commercial Land For Sale Title is generated by Realmo AI

    951 Caton Road lot 2, Lumberton, NC 28360

    View on Map
    Claim this Listing
    For Sale
    $30,000

    LAND - Lumberton, NC

    Lot size:
    2.81 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    64
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 951 Caton Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B2
    Standard status
    Active
    APN
    160702003
    Lot size
    2.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 2 Elday Souther Corp

    We can help!

    Listing Contact
    Coronado Realty Team

    Listing agent Coronado Realty Team License #287453

    Listing office Keller Williams Pinehurst 195 Short St, Southern Pines, NC

    Listing date Mar 11, 2026

    MLS# 100559535

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial vacant land (2.81 acres) zoned B2 - Commercial, ideal for community business development.
    • High visibility location with full frontage on Caton Rd.
    • Significant daily traffic: 7,700 vehicles passing daily (VPD).
    • Shared access with Dollar General, enhancing convenience.
    • Strong demographics: 28,936 population and 10,420 households within a 5‑mile radius.
    • Located within the city limits of Lumberton (Highway 72) in an industrial area.

    Overview

    This 2.81-acre commercial vacant land is located within the city limits of Lumberton, North Carolina, on Highway 72. Zoned B2 - Commercial, the property is suitable for community business development. The location offers full frontage and high visibility on Caton Road, with a daily traffic count of 7,700 vehicles. The property is situated in an industrial area and features shared access with Dollar General, enhancing convenience and traffic flow. Within a 5-mile radius, the average population is 28,936, with 10,420 households.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Hotel & Motel Food Market Storage Facility Grocery & Convenience Store Bar & Pub Discount Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Lumberton
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.075912
    Latitude
    34.643434

    Nearby Similar for Sale

    • $369,000
      650 SF

      Lumberton Automotive Sales and Service

      Commercial property suitable for automotive sales and service.
      302 E 2ND Street, Lumberton, NC 28358
      View Details
    • $750,000
      41,500 SF

      Lumberton Commercial Property on 2+ Acres

      Commercial property with warehouse space and development potential in Lumberton.
      2201 N Pine Street, Lumberton, NC 28358
      View Details
    • $145,000
      12,084 SF

      Historic Downtown Retail Opportunity

      Large retail space in Lumberton's historic district.
      305 N Elm Street, Lumberton, NC 28358
      View Details
    • $349,900

      Lumberton Land with Income Potential

      2.14 acres approved for mobile home park with existing income.
      409 Burns Road, Lumberton, NC 28358
      View Details
    • $20,000

      Lumberton Land Opportunity

      Two acres of land in Lumberton, North Carolina.
      38 Leggett Street, Lumberton, NC 28358
      View Details
    • $3,000,000
      1,820 SF

      Lumberton Commercial Land Opportunity

      3.18 acres of commercial land in high-traffic Lumberton corridor.
      5105 N Fayetteville Road, Lumberton, NC 28360
      View Details
    • $40,000

      Lumberton, NC Land Opportunity

      2.53 acres of land near Grace Church in Lumberton.
      Backswamp Road, Lumberton, NC 28358
      View Details
    • $40,000

      Lumberton, NC Ready-to-Build Lot

      Cleared, level lot in Robeson County, convenient location.
      Pleasant Hope Road lot: A, Lumberton, NC 28340
      View Details
    • $24,999

      Two Adjacent Lots in Lumberton

      Combined 0.32-acre parcel with potential for custom development.
      2312 Burke Street, Lumberton, NC 28358
      View Details
    • $90,000

      Lumberton Land for Residential Development

      10+ acre lot suitable for residential development near Lumberton.
      Rowan Road, Lumberton, NC 28358
      View Details
    • $27,000

      Residential Lot Near I-95

      0.29-acre residential lot near I-95 in Lumberton, NC.
      North Street, Lumberton, NC 28358
      View Details
    • $59,900

      Commercial Land Near I-95

      Two acres of commercial land suitable for various business uses.
      Near 273 Kenric Road, Lumberton, NC 28358
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.81-acre commercial vacant land in Lumberton, NC.
    Where is this commercial land located?
    The property is located at 951 Caton Road lot 2 Lumberton, NC.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Prime commercial vacant land (2.81 acres) zoned B2 - Commercial, ideal for community business development.; High visibility location with full frontage on Caton Rd.; Significant daily traffic: 7,700 vehicles passing daily (VPD).
    (910) 528-5760
    We can help!
    Listing Contact
    Coronado Realty Team
    Real Estate License ID: 287453
    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
    951 Caton Road lot: 2, Lumberton, NC 28360
    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!