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Property profile & analytics
OFF-MARKET
Commercial land

672 E Hargett St Richlands, NC 28574

Property ID
US53-4086751
Property summary
AI-generated overview

Welcome to Richlands North Carolina. Leaving Jacksonville on Gumbranch Road, as you reach Richlands, this property will be on the north and south side of Gumbranch Road. The property is currently used as farmland but allows for commercial and residential zoning. This property is the largest amount of Commercial Zoned land (C3) left in Richlands at this time. There is approximately 2800+/- ft of frontage along Gumbranch Road, which is a gross total of 48.75 ac +/- of Commercial C3 zoned land, 39.54 +/- ac of R20 zoned land, and 1.57 +/- ac of R6 Zoned land. Of the four parcels, tract 2 (south of Gumbranch) is currently under contract. The 3 remaining parcels are 90+/- contiguous acres available for sale. Seller is willing to enter into a ground lease with select users and/or selling the entire property to the right developer. Smaller acreage offerings are available. Check the OM and reach out to learn more. About Richlands and why you should consider this property: Richlands, North Carolina is a town accounting for 1,745 residents with an 81% growth rate. In 2018 the median annual income for Richlands was $45,673. As of 2022 they have a median income of $53,171 which results in a 16.4% growth. 62.4% of Richland’s citizens are homeowners while 37.6% of residents are renters. Home to Camp Lejeune, Jacksonville, NC, is the 15th largest city in North Carolina. Jacksonville consists of 71,419 residents with 68.1% of residents living in rentals and 31.9% of people being homeowners. Gumbranch Road provides fast access to Jacksonville and Highway 24. This land is also minutes away from Highway 111 and Albert J. Ellis Airport (civilian airport). This market is a hot bed for growth and development along Gumbranch Rd and Richlands Highway. There are approximately 2,000 new home planned within a 6 Mile Radius of Richlands NC. This town will be growing for the next 10 years with the amount of residential product beginning to enter the area. With two major road corridors (Richlands Highway and Gumbranch Road) which lead to Jacksonville NC when heading south and to I-40 When heading North. This village is strategically placed as Bedroom Community to Jacksonville NC. Land costs are Low for residential development as most of the land is rural agricultural. Farm land, Timberland are now being converted into Residential Developments. With the impending doubling of the towns size, Richlands will need new grocery options for residents. Potential Entertainment venues. Most of the home sales start at $250,000.00 and are military families, relatives and relocations to the region. Better Retail Offerings and needs for office and medical services will be needed to help support the local population.

Property profile
Verified
Property type Commercial land
UPID US53-4086751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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