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    Two-Story Brick Building in Downtown Title is generated by Realmo AI

    131 S Main Street, Laurinburg, NC 28352

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    For Sale
    $559,900

    SINGLE_FAMILY - Laurinburg, NC

    Type:Office
    Property size:
    10,300 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $54/SF
    Added:
    May 25, 2026
    Days on Market:
    2
    Last Refresh:
    May 26 at 4:06 am

    Property Features for 131 S Main Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    CB
    Standard status
    Active
    APN
    010001 02001
    Size
    10,300 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    139 Main Street Downtown

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1938
    Number of units
    2
    Flooring type
    Carpet, Wood
    Building materials
    Brick

    We can help!

    Listing Contact
    Debbie Evans
    Debbie Evans

    Listing agent Debbie Evans License #150322

    Listing office Hasty Realty 500 S Main Street, Laurinburg, NC

    Listing date May 25, 2026

    MLS# 100576604

    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.

    HighLights

    • New roof (installed in 2025) and recent water heater (2024).
    • Updated HVAC: 4 Heat/Air units replaced in 2021.
    • Prime downtown location with great access and potential for various uses.
    • Two‑story brick building with 10,300 square feet.
    • Functional elevator with annual inspections and documentation.
    • Flexible tenant situation: current tenants may continue leasing, or 60‑day notices can be issued.

    Overview

    This two-story brick building, located in downtown Laurinburg, North Carolina, offers 10,300 square feet of space on a 0.34-acre lot. The building features ten office spaces, a conference room, and a break room, along with a full bath and a half bath upstairs. The downstairs area includes two separate spaces with office and showroom areas, men's and women's bathrooms, and a kitchen area. A staircase provides access to the second floor, and an elevator, inspected annually, is also available. Electrical and plumbing were updated in 2005. Four heat and air units were replaced in 2021. A new roof is scheduled for installation in 2025, and the water heater was replaced in 2024. The property offers downtown access and potential for various uses. The current tenants have been notified of the intended sale and may want to continue leasing; however, 60-day notices will be issued upon an accepted offer if requested by the buyer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Story Telling Art ... Theater & Performing Art Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.462206
    Latitude
    34.776489

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    FAQs

    What type of property is this?
    Office building - 10,300 SF two-story building with office and showroom space.
    Where is this office building located?
    The property is located at 131 S Main Street Laurinburg, NC.
    What is the asking price?
    The asking price for this property is $559,900.
    What are key features of this property?
    This property features: New roof (installed in 2025) and recent water heater (2024).; Updated HVAC: 4 Heat/Air units replaced in 2021.; Prime downtown location with great access and potential for various uses.
    (910) 277-6983
    We can help!
    Listing Contact
    Debbie Evans
    Debbie Evans
    Real Estate License ID: 150322
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    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.

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