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    OFF-MARKET
    Commercial real estate

    770 Ocarina Cir, Fayetteville, NC 28311

    7.1 ac lot
    Entity Owned 1-yr Hold
    Property ID
    US53-2215978
    Property summary
    AI-generated overview

    This exceptional 7.1-acre commercial land parcel, located at 770 Ocarina Cir, Fayetteville, NC 28311, presents a remarkable investment opportunity. Zoned SF-10, this property is ideally suited for a multifamily development project or luxury apartment complex. The land is priced at $70,000 per acre, offering a compelling value proposition for developers. Situated just off McArthur Road, the site enjoys exceptional proximity to key transportation arteries, including the Ramsey Street corridor and I-295, providing easy access to Fort Bragg, a wide array of shopping and dining options, and excellent schools. The property's strategic location ensures high visibility and convenient access for future residents. Existing utilities are already on-site, streamlining the development process and reducing upfront costs. This is a rare opportunity to acquire a large, well-located parcel in a thriving market, perfect for those seeking to capitalize on the strong demand for multifamily housing in the Fayetteville area. The price per square foot is $1.61. This Cumberland County location offers significant potential for substantial returns on investment.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 7.1 ac (309,276 SF)
    UPID US53-2215978
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Kdj Apartments LLC · 1 yrs held
    Kdj Apartments LLC
    since 2024
    1 recorded transaction
    2024
    $355,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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