Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Cor Fairly & Lanoca Ave Laurinburg, NC 28352

    Sponsored
    For Sale
    $41,000

    LAND - Laurinburg, NC

    Lot size:
    1.20 Acres
    Days on Market:
    51
    Last Refresh:
    Feb 5 at 12:06 pm

    Property Features for 1 Cor Fairly & Lanoca Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R15
    APN
    010004 01001
    Lot size
    1.20 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Jacque ONeal

    Hasty Realty, Inc. (910) 276-8680

    Listing agent Jacque ONeal (910) 276-8680 License #174189

    Listing date Dec 17, 2025

    MLS# 100484731 Listing URL

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Laurinburg Land For Sale

    This 1.2-acre lot in Laurinburg, North Carolina, is zoned R15 and presents potential for builders and investors. The level lot is located close to downtown. According to the City of Laurinburg, water is available at the site. The property may be suitable for apartments or townhomes with proper zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.472395
    Latitude
    34.777588

    Nearby Similar for Sale

    • $335,000
      Pending

      Laurinburg Commercial Property For Sale

      Commercial duplex with office and salon, fully leased for immediate income.
      1222 Atkinson St, Laurinburg, NC 28352
      View Details
    • $109,000
      2,780 SF

      Laurinburg Retail Opportunity on Main

      Former deli on Main Street, ideal for retail or office.
      221 S Main St, Laurinburg, NC 28352
      View Details
    • $6,000,000

      278 Acre Equestrian Facility

      Gated equestrian facility with 122 stalls and multiple arenas.
      9167 Hasty Rd, Laurinburg, NC 28352
      View Details
    • $6,000,000

      278 Acre Equestrian Facility

      Gated equestrian facility with 122 stalls and multiple arenas.
      9167 Hasty Rd, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      6,264 SF

      Downtown Laurinburg Retail/Office Building

      Two-tenant building in downtown Laurinburg with retail and office space.
      212 South Main St, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      3,373 SF

      Former Restaurant on 2.66 Acres

      3,373 SF former restaurant on 2.66 acres for sale.
      1815 S Main St, Laurinburg, NC 28352
      View Details
    • $150,000
      4,250 SF

      Prime Laurinburg Commercial Land

      2-Acre Lot, 4,250 sq ft Building
      12021 Hwy, Laurinburg, NC 28352
      View Details
    • $1,100,000
      7,918 SF

      Laurinburg Commercial Building Opportunity

      Spacious Commercial Building, 1.72 Acres
      1061 Aberdeen Rd, Laurinburg, NC 28352
      View Details
    • $750,000
      26,572.00 Acres

      Prime Laurinburg Restaurant & Income Streams

      Established Restaurant, Multiple Income Sources
      1229 Main St, Laurinburg, NC 28352
      View Details
    • $99,900
      1,400 SF

      Laurinburg Commercial Property - Great Value

      1,400 sq ft building on 0.25 acres
      431 Fairly St, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      3.14 Acres

      Prime Laurinburg Commercial Land

      3.14 Acres, $15,000 - Great Potential!
      17500 Hwy 74 Hwy, Laurinburg, NC 28352
      View Details
    • $179,900
      4,400 SF

      Prime Laurinburg Commercial Space

      4,400 SF Commercial Building, 0.4 Acres
      524 Roseville St, Laurinburg, NC 28352
      View Details

    FAQs

    What type of property is this?
    Land - 1.2 acre lot suitable for apartments or townhomes.
    Where is this land located?
    The property is located at 1 Cor Fairly & Lanoca Ave Laurinburg, NC.
    What is the asking price?
    The asking price for this property is $41,000.
    What are key features of this property?
    This property features: - Suited for apartments or townhomes (with proper zoning); - Tremendous potential for builders and investors; - Sought-after area
    (910) 610-8093
    Request Owner's contact information
    1 Cor Fairly & Lanoca Ave Laurinburg, NC 28352
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Cor Fairly & Lanoca Ave
    Laurinburg, NC 28352
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Cor Fairly & Lanoca Ave Laurinburg, NC 28352
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jacque ONeal
    Real Estate License ID: 174189
    (910) 610-8093
    Learn more
    Google sign-in failed. Please try again or use another login method.