1100 Cottageville Dr Spring Lake, NC 28390-1836
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Ready Mix Concrete Building Supply
Associated Zoning Districts: MXD/CD, MXD/CZ, M(P), M2, M1(P), M1, M, C-1, C1(P), R5, R5A, R6, R7.5, R10, R15 Flex Area 4 spans across Lillington Highway/NC 210 and is adjacent to the Little River to the north. Portions of the eastern parcels that border Fort Bragg have been identified as a critically important areas in the RLUAC Joint Land Use Study due to R…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Spring Lake, NCAssociated Zoning Districts: MXD/CD, MXD/CZ, M(P), M2, M1(P), M1, M, C-1, C1(P), R5, R5A, R6, R7.5, R10, R15 Flex Area 4 spans across Lillington Highway/NC 210 and is adjacent to the Little River to the north. Portions of the eastern parcels that border Fort Bragg have been identified as a critically important areas in the RLUAC Joint Land Use Study due to Red-Cockaded Woodpecker foraging in the area. This may not preclude that area from development, including industrial development, as the size of the parcels should allow for proper buffering from wildlife habitats. This is the largest of the Flex Areas and it may be the most suitable for industrial development. Mixed use, light commercial and residential development are also suitable in these areas, potentially adjacent to industrial activities, depending on pollution and nuisance associated with the particular industry and the space available to implement sufficient buffering between uses. FLEX AREA 5: Associated Zoning Districts: C-1, C1(P), C2(P), C-3*, C(P), R5A, R6, R7.5, PND/CZ, PND/CD, R10*, R15, R20, R20A, R30, R30A, RR Flex Area 5 is on the eastern side of Lillington Highway/NC 210 at the Harnett County/Cumberland County border. This transition is an important area; Harnett County is experiencing a development boom and has made concerted efforts to maintain a certain standard of appearance along major roadways including NC 210. An appropriate use here could be either residential development to create a cohesive residential corridor, matching the existing development across the border, or commercial services that support the neighborhoods nearby. It should be noted that any intense commercial developments would be required to have water and sewer service extended to the site. *Zoning Districts that are only allowed in Town Ordinances, considered compatible with this Flex Area if parcels are annexed. FLEX AREA 6: Associated Zoning Districts: MXD/CZ, C1(P), C2(P), C(P), R5A, R6, R7.5, PND/CZ, R15 Flex Area 6 is on the far eastern edge of the plan area, bounded by Ramsey Street to the east and Elliot Bridge Road to the south. This area of Cumberland County has experienced various waves of development, with new development expected if the Fayetteville-annexed property just south of this flex area is developed as a new school. The intent of the flex area is that it can flexibly respond to development pressures and direct that development to help form an area identity.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.