Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6242 Us-401 Bunnlevel, NC 28323
    Property profile & analytics

    6242 Us-401, Bunnlevel, NC 28323

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

    Current Use by Public Records

    • Land

    Property Details for 6242 Us-401

    Lot size
    6.87 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 6.87-acre property presents a unique opportunity for building your dream home in the desirable Bunnlevel, North Carolina area. Located at 6242 US-401, this beautiful wooded lot offers a tranquil setting while remaining conveniently situated between Fort Liberty, Raleigh, and Sanford. The property boasts road frontage access on both McNeill Hobbs Road and US 401 S, ensuring easy accessibility. County water and sewer services are readily available via US 401 S, simplifying the construction process. The land is currently undeveloped, providing a blank canvas for your vision. With its ample acreage and prime location, this property is ideal for those seeking a peaceful retreat while still enjoying proximity to major urban centers. Bring your own builder and begin creating your perfect home in this idyllic setting. The property is zoned for both agricultural and residential use, offering flexibility for future development. The zip code is 28323, and the property is located in Harnett County. Latitude and longitude coordinates are 35.3158484 and -78.7852424 respectively. This is a truly remarkable opportunity to own a substantial piece of land in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bunnlevel
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.7852
    Latitude
    35.3158

    Comparable in this City

    • Value Estimation by Request
      100.00 Acres

      2044 Wire Rd

      Land
      2044 Wire Rd, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      5.78 Acres

      1755 Bunnlevel Erwin Rd

      Land
      1755 Bunnlevel Erwin Rd, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      0.39 Acres

      521 Lakerun Dr

      MOBILE HOME PARK, TRAILER PARK
      521 Lakerun Dr, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      11.40 Acres

      Henrietta Ct

      MOBILE HOME PARK, TRAILER PARK
      Henrietta Ct, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      1,620 SF

      494 Lakerun Dr

      MOBILE HOME PARK, TRAILER PARK
      494 Lakerun Dr, Bunnlevel, NC 28323
      View Details
    • Value Estimation by Request
      1,836 SF

      25 Jimmy Dr

      MOBILE HOME PARK, TRAILER PARK
      25 Jimmy Dr, Bunnlevel, NC 28323-9091
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Poultry Farm For Sale

      Well-maintained poultry operation on 45 acres in Harnett County.
      687 Brock Rd, Bunnlevel, NC 28323
      View Details
    • 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
    • Contact for pricing

      Harnett County Partially Cleared Land

      Approximately 6 acres of land in Harnett County for sale.
      Mike Williams Ln, Bunnlevel, NC 28323
      View Details
    • Contact for pricing

      Large Acreage Tract For Sale

      100+ acre tract ideal for homestead or development.
      2044 Wire Rd, Bunnlevel, NC 28323
      View Details
    • Contact for pricing

      Wooded Lot For Sale

      Wooded lot with restrictions, build now or later.
      70 Wilson Run, Bunnlevel, NC 28323
      View Details
    • Contact for pricing

      Wooded Lot For Sale

      Wooded lot with restrictions, no HOA, build now or later.
      70 Wilson Run, Bunnlevel, NC 28323
      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.
    6242 Us-401
    Bunnlevel, NC 28323
    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
    6242 Us-401, Bunnlevel, NC, 28323
    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!