Neighborhood Retail
For Sale
$3,500,000
101 - 129 Great Lane, Raeford, NC 28376
Commercial Sale, Raeford, NC
Property Size10,400 SF
Lot Size1.31 Acres
Price / SF$336.54
Days on Market150
Property Features for 101 - 129 Great Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC
Parking
62
Parking features
Off Street, Parking Lot
Lot features
Corner Lot
Directions
Heading from Fayetteville to Raeford via Fayetteville Rd/401. Continue until the intersection of Fayetteville Rd/401 and Great Lane. Turn right onto Great Lane. Property will be on the left.
Standard status
Active
APN
494660101388
Size
10,400 SF
Lot size
1.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
8 COMMERCIAL 4-99/1
HOA Fee
$2,358 Annually
Legal Description
8 COMMERCIAL 4-99/1
Utilities
Heating system
Electric (Heating)
Building Details
Year built
2019
Listing Agency:
Carolina Summit Group, LLC
(910) 684-5353
Listed By:
George Manley · License #265776
(910) 603-8395
Added: Apr 6
Changed: Aug 26
Last Checked: Sep 2 at 6:06PM
MLS# 100565112
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.
Investment Insights
Based on property information with market context.
The Shoppes at Bedford is a 10,400-square-foot retail center on 1.31 acres at 101–129 Great Lane. Built in 2019, the property contains eight retail suites, with 7 of 8 units currently leased. Improvements include electric heating and a parking lot with off-street parking. The center is subject to covenants and restrictions governing Bedford Commercial.
The property sits at the entrance to the 250+ home Bedford subdivision along the Fayetteville Road/US-401 corridor between Fayetteville and Raeford. Reported traffic volume is approximately 30,000 vehicles per day. Great Lane is a private road, providing access to the center from the surrounding commercial development.
The property sits at the entrance to the 250+ home Bedford subdivision along the Fayetteville Road/US-401 corridor between Fayetteville and Raeford. Reported traffic volume is approximately 30,000 vehicles per day. Great Lane is a private road, providing access to the center from the surrounding commercial development.
Key Highlights
- 10,400 SF retail center on 1.31 acres
- Eight retail suites with 7 of 8 units leased
- Built in 2019 with electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,350,860
$2.4M
Cap Rate 7%
$1,679,186
$1.7M
Cap Rate 9%
$1,306,033
$1.3M
Market Conditions
NOI Build-Up for 10,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$187.2K $18.00/SF
− Vacancy
−$19.3K −$1.85/SF
EGI
$167.9K $16.15/SF
− OpEx
−$50.4K −$4.84/SF
NOI
$117.5K $11.30/SF
Area
Hoke County, NC
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,350,860
Cap Rate 7%
$1,679,186
Cap Rate 9%
$1,306,033
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,543 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,544 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
87.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28376, NC
43,160
Population
16,834
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
90%
High-School Grad
278.7 sq mi
ZIP Area
155
Density / Sq Mi
$61,793
Median Household Income
$40,858
Median Earnings
$1,091
Median Rent
$208,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - HC-zoned retail center along the Fayetteville Road/US-401 corridor with established occupancy and on-site parking.
Where is this shopping center located?
The property is located at 101 - 129 Great Lane Raeford, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10,400 SF retail center on 1.31 acres; Eight retail suites with 7 of 8 units leased; Built in 2019 with electric heating
