Former Day Care
701 Harris Avenue Raeford, NC 28376
New
701 Harris Avenue, Raeford, NC, 28376
$310,000
For Sale
$310,000
SINGLE_FAMILY - Raeford, NC
Property Size2,100 SF
Price / SF$147.62
Days on Market1
Property Features for 701 Harris Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- APN
- 694241201068
Taxes and HOA fees
- Tax Description
- #2 J.H. WRIGHT
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Building materials
- Brick, BrickVeneer
- Roof type
- Metal
Listing Agency
EXP REALTY LLC
(888) 584-9431
109 HAY ST STE 202, Charlotte, NC
Listed by
DION CLARK · License #356134
(919) 391-7972
Added: Jul 18 Checked: Jul 18 at 11:06 am
MLS# 766189
Copyright © 2026 Longleaf Pine Realtors. 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.
Former day care building offering 2,100+ square feet of flexible highway-commercial space, previously operated for program-based services. The interior includes multiple large rooms, 2.5 bathrooms, and a full kitchen, and the property has been upgraded with two new HVAC systems. A metal roof is also described as approximately 4 years old.
Outside features include a secure fenced yard, paved parking, and an ADA-accessible entry. The listing also highlights strong visibility and easy access along Harris Avenue.
The property is identified as Highway Commercial (HC) zoned, with the remarks stating that HC supports a wide range of commercial uses. The layout is presented as adaptable for office, clinic/therapy, retail or specialty use, and other program or community-focused operations consistent with HC zoning.
Outside features include a secure fenced yard, paved parking, and an ADA-accessible entry. The listing also highlights strong visibility and easy access along Harris Avenue.
The property is identified as Highway Commercial (HC) zoned, with the remarks stating that HC supports a wide range of commercial uses. The layout is presented as adaptable for office, clinic/therapy, retail or specialty use, and other program or community-focused operations consistent with HC zoning.
Key Highlights
- 2,100+ sq ft flexible Highway Commercial (HC) building, formerly a daycare, with multiple large rooms
- Two new HVAC systems and a metal roof about 4 years old
- 2.5 bathrooms plus a full kitchen
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $20.40 |
| − Vacancy | −$8.6k | −$4.10 |
| EGI | $34.2k | $16.30 |
| − OpEx | −$8.6k | −$4.07 |
| NOI | $25.7k | $12.22 |
2,100 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$366.7K
$320.9K – $427.9K
NOI $25,672 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$460.2K
$402.7K – $536.9K
NOI $32,216 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Precious Moments Playhouse ...
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Unique expressions k/R — 529 Harris Ave, Raeford, NC 28376
- Creative Children's Corner — 123 W Palmer St, Raeford, NC 28376
- Precious Moments Playhouse Childcare & Learning Center — 701 Harris Ave, Raeford, NC 28376
- Sandhills Behavioral Center — 402 Harris Ave, Raeford, NC 28376
- The Children's Developmental Center — 305 Wooley St, Raeford, NC 28376
FAQs
What type of property is this?
Day care center - Turnkey former daycare with two new HVAC units, metal roof, full kitchen, 2.5 bathrooms, ADA entry, and fenced yard.
Where is this day care center located?
The property is located at 701 Harris Avenue Raeford, NC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,100+ sq ft flexible Highway Commercial (HC) building, formerly a daycare, with multiple large rooms; Two new HVAC systems and a metal roof about 4 years old; 2.5 bathrooms plus a full kitchen
