Building Details

Building materials Brick

Listing Agency: CAROLINA SUMMIT GROUP #1 Show Phone

Listed By: HELEN BELL · License #252152 Show Phone

Added: Apr 6 Changed: Oct 21 Last Checked: Oct 31 at 2:06AM

Report an Issue

MLS# 760215

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The Shoppes at Bedford is a 10,400-square-foot neighborhood shopping center on 1.31 acres, with eight retail suites in a brick-constructed building. Seven of the eight units are leased, creating a partially occupied center with an existing tenant base. The property includes a parking lot and public water service, and is subject to covenants and restrictions within Bedford Commercial.

The center sits at the entrance to the 250+ home Bedford subdivision and fronts the Fayetteville Rd/US-401 corridor between Fayetteville and Raeford. That route records an average daily traffic count of approximately 30,000 vehicles. Great Lane, which provides access to the property, is a private road.

Key Highlights

• 10,400 SF neighborhood retail center on 1.31 acres
• Eight retail suites with 7 of 8 units leased
• Positioned at the entrance to the 250+ home Bedford subdivision

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$117,543

Cap Rate

3.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,350,860 $2.4M

Cap Rate 7%

$1,679,186 $1.7M

Cap Rate 9%

$1,306,033 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,400 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $159,544 @ 7.0% cap · market cap 4.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shopping centers

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Four-Unit Brick Storefront Property

402406 402-406b Harris Ave, Raeford, NC 28376

$650,000

5,000 SF

View details

Four-Unit Brick Retail Building

402-406 Harris Avenue, Raeford, NC 28376

$650,000

View details

Wedding Venue with Landscaped Grounds

469 Posey Farm Road, Raeford, NC 28376

$10,500,000

30,000 SF

View details

Medical Office Building Suites

142 Paraclete Dr, Raeford, NC 28376

Contact for pricing

19,200 SF

View details

Car Wash on Acreage

4735 Fayetteville Road, Raeford, NC 28376

Contact for pricing

4,714 SF

View details

Hog Farm with Eight Barns

789 Trigger Farm Drive, Raeford, NC 28376

$1,500,000

116.00 Acres

View details

Office Building with Flexible Rooms

115 N Magnolia Street, Raeford, NC 28376

$480,000

0.53 Acres

View details

Day Care Center with Fenced Yard

701 Harris Avenue, Raeford, NC 28376

$299,000

View details

Frequently Asked Questions

What type of property is this?

Shopping center - Brick retail property with multiple suites, on-site parking, and access to a residential subdivision.

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 neighborhood retail center on 1.31 acres; Eight retail suites with 7 of 8 units leased; Positioned at the entrance to the 250+ home Bedford subdivision