Industrial Development Land with
161-195 Ellington Drive Raeford, NC 28376
For Sale
$650,000
Two parcels totaling about 2.44 acres include a mobile home and a 3,000 SF storage warehouse.
Property Size3,000 SF
Lot Size2.44 Acres
Price / SF$216.67
Days on Market508
Property Features for 161-195 Ellington Drive
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 2.44 Acres
- Property subtype
- Land / Commercial
Listing Agency:
CAROLINA SUMMIT GROUP #1
(910) 690-1065
Listed By:
HELEN BELL · License #252152
(910) 690-1065
Source:
Compass
Added: Mar 2, 2025
Changed: Jul 22
Last Checked: Mar 25 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAROLINA SUMMIT GROUP #1
Investment Insights
Based on property information with market context.
This offering includes two parcels totaling approximately 2.44 acres, including Lot 1-B with a mobile home and a larger tract improved with an approximately 3,000 SF storage warehouse. The structures are listed without assigned value, and the buyer is advised to conduct their own due diligence regarding acreage, septic, access, and other site conditions.
The property is located near the intersection of NC Hwy 211 and Plank Road in Hoke County, just outside Fort Bragg boundaries. Public remarks indicate NC 211 experiences an AADT of 9,600 in front of the property and up to 11,500 at the intersection, and the primary route between Raeford and Aberdeen/Moore County is undergoing upgrades intended to improve accessibility.
Zoned industrial, the site is positioned to support a range of commercial or industrial uses. Please note that any exact lot boundaries, site conditions, and development suitability should be confirmed through buyer due diligence.
The property is located near the intersection of NC Hwy 211 and Plank Road in Hoke County, just outside Fort Bragg boundaries. Public remarks indicate NC 211 experiences an AADT of 9,600 in front of the property and up to 11,500 at the intersection, and the primary route between Raeford and Aberdeen/Moore County is undergoing upgrades intended to improve accessibility.
Zoned industrial, the site is positioned to support a range of commercial or industrial uses. Please note that any exact lot boundaries, site conditions, and development suitability should be confirmed through buyer due diligence.
Key Highlights
- Two parcels totaling approximately +/- 2.44 acres near NC Hwy 211 & Plank Road in Hoke County (just outside Fort Bragg boundaries).
- Zoned industrial, offering site suitability for commercial or industrial uses.
- Frontage on NC Hwy 211 with AADT of about 9,600 in front of the property and up to 11,500 at the intersection.
Financial Insights For Warehouse
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 | $43.2k | $14.40 |
| − Vacancy | −$2.9k | −$0.98 |
| EGI | $40.3k | $13.42 |
| − OpEx | −$6.0k | −$2.01 |
| NOI | $34.2k | $11.41 |
3,000 SF · lease $14.40/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$657.5K
$575.3K – $767.0K
NOI $46,022 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - Two parcels totaling about 2.44 acres include a mobile home and a 3,000 SF storage warehouse.
Where is this warehouse located?
The property is located at 161-195 Ellington Drive Raeford, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two parcels totaling approximately +/- 2.44 acres near NC Hwy 211 & Plank Road in Hoke County (just outside Fort Bragg boundaries).; Zoned industrial, offering site suitability for commercial or industrial uses.; Frontage on NC Hwy 211 with AADT of about 9,600 in front of the property and up to 11,500 at the intersection.
