Property profile

5217 Marracco Dr Hope Mills, NC 28348

FOR SALE
Office buildings
Property ID
US53-0335003
8,000 SF 1.47 ac lot Built 2001
Entity Owned 6-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 19.64-acre commercial land parcel presents a unique investment opportunity in Hope Mills, North Carolina. Located at 5217 Marracco Drive, this property boasts over 550 feet of road frontage on Marracco Drive and also fronts Skinner Road, ensuring high visibility and accessibility. The land features a flat topography, making it ideal for a variety of commercial developments. Currently zoned C(P), it's ready for immediate development. Water and sewer services are readily available nearby. The property benefits significantly from its strategic location between I-95 Business and Bypass, providing excellent access to major transportation routes. Furthermore, a significant road improvement project is underway, including a realignment of Marracco Drive and the installation of a traffic light at the intersection of the new Marracco Drive and Chickenfoot Road. This infrastructure enhancement will dramatically increase the property's value and accessibility, making it even more attractive to potential tenants and buyers. The asking price is $3,928,000, translating to $4.59 per acre. This prime location is suitable for a wide range of commercial uses, including hotels, fast-food restaurants, strip centers, and grocery stores. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area. The property is situated in Cumberland County, North Carolina, with a zip code of 28348.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Total area 8,000 SF
Lot 1.47 ac (64,033 SF)
Zoning code CP
APN 0423-25-5040
UPID US53-0335003

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement HVAC Service

Location

5217 Marracco Dr Hope Mills, NC 28348
Hope Mills metro Census 3003 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$929k
Blend (final) Blend
$330k

Owner & transaction history

since 2019
6 recorded transactions
2019
$1.4M
2019
Price N/A
2019
$750,000
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CP · Hope Mills, NC
Top alternative use upside
Restaurant $1.6M +26.5%
Medical building $1.4M +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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