Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4058 Legend Ave Fayetteville, NC 28303
    Back to Search
    Property profile & analytics

    4058 Legend Ave Fayetteville, NC 28303

    View on Map
    • Land
    • 17.18 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Golf Practice Range / Golf Course

    Property Details for 4058 Legend Ave

    Lot size
    17.18 lot acres
    Property type
    Land

    Description

    This exceptional 17.18-acre commercial land parcel presents a unique investment opportunity in Fayetteville, North Carolina. Located at 4058 Legend Ave, in Cumberland County, zip code 28303, this property boasts a strategic location near Cross Creek Mall, offering convenient access to Skibo Road and a wealth of shopping and amenities. The land is zoned LC and CCCZ, allowing for a variety of commercial development possibilities. Recent improvements to Legend Ave further enhance its accessibility and appeal. The asking price is $5,400,000, translating to $314,319 per acre. The seller is open to exploring various transaction structures, including outright sale, ground lease, or build-to-suit arrangements, providing flexibility for potential buyers and developers. This prime location, combined with its versatile zoning and attractive price point, makes this property an ideal prospect for investors and developers seeking a high-impact commercial development project in a thriving market. The property's latitude and longitude coordinates are 35.0809435, -78.9491688 respectively. Serious inquiries are encouraged to explore the full potential of this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9492
    Latitude
    35.0809

    Comparable in this City

    • Value Estimation by Request
      6.70 Acres

      Coalition Blvd And Santa Fe Dr

      Land • 6.70 Acres
      0 Coalition Blvd And Santa Fe Dr, Fayetteville, NC 28303
      View Details
    • Value Estimation by Request
      1.58 Acres

      Santa Fe Dr

      Land • 1.58 Acres
      0 Santa Fe Dr, Fayetteville, NC 28303
      View Details
    • Value Estimation by Request
      7.13 Acres

      Yadkin Rd & Lk Vly Dr

      Land • 310,582 SF
      0 Yadkin Rd & Lk Vly Dr, Fayetteville, NC 28303
      View Details
    • Value Estimation by Request
      1.96 Acres

      Yadkin Rd

      Land • 1.96 Acres
      0 Yadkin Rd, Fayetteville, NC 28303
      View Details
    • Value Estimation by Request
      30.99 Acres

      2968 Damascus Rd

      Land • 30.99 Acres
      2968 Damascus Rd, Fayetteville, NC 28303
      View Details
    • Value Estimation by Request
      0.19 Acres

      Mcpherson Church Rd

      Land • 0.19 Acres
      0 Mcpherson Church Rd, Fayetteville, NC 28303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fayetteville Land Near Fort Liberty

      0.91 acres of land near Fort Liberty.
      Pamalee Dr, Fayetteville, NC 28303
      View Details
    • $669,000
      1.51 Acres

      Lakefront Land with Sunset Views

      1.5+ acre lakefront lot with mature landscaping and sunset views.
      2853 Skye Dr, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      30+ Acres Fill Land Available

      30+ acres of fill land in a prime location.
      2968 Damascus Rd, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Santa Fe Dr, Fayetteville, NC 28303
      View Details
    • $150,000
      0.91 Acres

      Pamalee Dr & Kathy St

      Commercial Business location in Fayetteville, NC
      Pamalee Dr & Kathy St, Fayetteville, NC 28303
      View Details
    • $98,000

      Commercial Land on Reilly Road

      Corner lot near Fort Bragg with commercial zoning.
      7505 Overbrook Dr, Fayetteville, NC 28303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Concord, NC

      High-profile land with excellent visibility and multiple access points.
      Bragg Blvd & Santa Fe Dr, Fayetteville, NC 28303
      View Details
    • $2,200 /Mo

      Fayetteville Commercial Space For Lease

      Prime commercial space available for lease in Fayetteville, North Carolina.
      3801 Sycamore Dairy Rd, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      High-Visibility Corner Office Space

      Well-appointed office space with excellent exposure and accessibility.
      1909 Bragg Blvd, Fayetteville, NC 28303
      View Details
    • $1,400 /Mo

      Remodeled Commercial Space Available

      Newly remodeled commercial space available for rent in Fayetteville, NC.
      6460 Yadkin Road Ext, Fayetteville, NC 28303
      View Details
    • $2,500 /Mo

      Retail Space on Yadkin Road

      Retail space with excellent visibility and access, ample parking.
      6107 Yadkin Road Ext, Fayetteville, NC 28303
      View Details
    • $2,000 /Mo

      Functional Office Space For Rent

      Move-in ready office suite designed for medical or professional use.
      2915 Raeford Rd, Fayetteville, NC 28303
      View Details
    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.
    4058 Legend Ave
    Fayetteville, NC 28303
    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
    4058 Legend Ave, Fayetteville, NC, 28303
    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!