770 Ocarina Cir, Fayetteville, NC 28311
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
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.