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    220 Gridley Ln Raeford, NC 28376

    For Sale
    Contact for pricing

    2,000 sq ft Office/Retail, Hwy 401

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2,000 square foot office or retail space is available for lease at 220 Gridley Lane in Raeford, North Carolina. Located on the busy Highway 401, this property offers high visibility and excellent accessibility. The space is currently delivered in "shell" condition, featuring a concrete floor, a dropped ceiling with fluorescent lighting, and a fully functional HVAC system. A handicapped-accessible restroom is already installed. Any further build-out or tenant improvements are the responsibility of the lessee. The annual lease rate is $18 per square foot, calculated on a triple net (NNN) basis. The monthly rent is $3,000, with additional monthly NNN charges totaling $647.96. This translates to a total monthly expense of $3,647.96. The property is not equipped with a lockbox

    Property Features for 220 Gridley Ln

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    2019
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Raeford
    County
    Hoke
    State
    North Carolina
    Longitude
    -79.12563
    Latitude
    35.03235

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    FAQs

    What type of property is this?
    Office Property / Space - 2,000 sq ft Office/Retail, Hwy 401
    Where is this office property / space located?
    The property is located at 220 Gridley Ln Raeford, NC.
    (910) 483-9444
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    220 Gridley Ln Raeford, NC 28376
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    Realmo Value Estimation

    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.

    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.

    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
    220 Gridley Ln Raeford, NC 28376
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