Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Laurinburg Commercial Building For Sale Title is generated by Realmo AI

    329 S Main Street, Laurinburg, NC 28352

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $170,000

    Commercial building in downtown Laurinburg with multiple rental opportunities.

    Type:Commercial/Industrial
    Property size:
    3,867 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $43/SF
    Added:
    Mar 12, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 6 at 2:49 am

    Property Features for 329 S Main Street

    General Information

    Standard status
    Active
    Size
    3,867 SF
    Lot size
    0.10 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Rick J Best
    Rick J Best

    Listing agent Rick J Best License #299261

    Listing office Realty World-Graham/ Grubbs & Associates

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Realty World-Graham/ Grubbs & Associates

    HighLights

    • Leased Front Portion: Provides immediate rental income with a newly signed 2‑year lease.
    • Prime Location: Situated in the heart of Laurinburg's downtown business district.
    • Dual Income Potential: Back portion with separate entrance offers opportunity for a second rental income stream.
    • Versatile Back Space: Previously used as a Karate studio, the back portion allows for diverse commercial uses.
    • Separate Entrance: The back portion has its own entrance, enhancing its rental potential and usability.
    • Established Building: Built in 1940, the property has a history in the community.

    Overview

    Located in the heart of the downtown business district of Laurinburg, this commercial building offers multiple opportunities. The front portion of the building is currently leased to a professional counseling business, with a new two-year lease recently signed. The back half of the building, which has a separate entrance, was previously used as a Karate studio. This presents the possibility of creating a second commercial rental income stream. The property has a total size of 3867 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Butterfly Retreat Counselling Counselor

    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
    -79.4628
    Latitude
    34.7748

    Nearby Similar for Sale

    • $395,000
      1,290 SF

      Laurinburg Commercial Property on Two Acres

      4000 SF building on 2 acres, fenced back area.
      17421 Plant Road, Laurinburg, NC 28352
      View Details
    • $225,000
      1,000 SF

      Laurinburg Commercial Building with Warehouse

      Corner-lot commercial building with warehouse space in central Laurinburg.
      231 Biggs Street, Laurinburg, NC 28352
      View Details
    • $95,000
      2,701 SF

      Laurinburg Duplex on Corner Lot

      Duplex with rental income potential on a quiet street.
      112 2nd Street, Laurinburg, NC 28352
      View Details
    • $212,000
      1,565 SF

      Laurinburg Office Investment Opportunity

      Office property in Laurinburg, leased with long-term tenant.
      911 Atkinson Street, Laurinburg, NC 28352
      View Details
    • $480,000
      2,664 SF

      Former Jewelry Storefront with Vault

      High-visibility corner lot with showroom, offices, and ample parking.
      110 W Church Street, Laurinburg, NC 28352
      View Details
    • $1,725,000
      2,200 SF

      Laurinburg Retail Investment Opportunity

      Freestanding Firehouse Subs with drive-thru on 0.53 acres.
      890 US Hwy 401, Laurinburg, NC 28352
      View Details
    • $155,000
      5,390 SF

      Vacant Warehouse and Office Spaces

      Vacant warehouse and office spaces available for sale.
      211 W Cronly Street, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      3,373 SF

      Former Restaurant on 2.66 Acres

      3,373 SF former restaurant on 2.66 acres for sale.
      1815 S Main St, Laurinburg, NC
      View Details
    • $179,900
      4,400 SF

      Brick Church with Sanctuary

      Church with sanctuary, fellowship hall, office, and kitchen.
      524 Roseville Street, Laurinburg, NC 28352
      View Details
    • $250,000
      2,090 SF

      Laurinburg Auto Shop with Land

      Auto shop with equipment and additional acreage for sale.
      10000 Mccoll Road, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      6,264 SF

      Downtown Laurinburg Retail/Office Building

      Two-tenant building in downtown Laurinburg with retail and office space.
      212 South Main Street, Laurinburg, NC 28352
      View Details
    • $168,000
      2,670 SF

      Laurinburg Commercial Property For Sale

      Commercial building on a large lot with parking.
      1505 Woodlawn Street, Laurinburg, NC 28352
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial building in downtown Laurinburg with multiple rental opportunities.
    Where is this office units located?
    The property is located at 329 S Main Street Laurinburg, NC.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Leased Front Portion: Provides immediate rental income with a newly signed 2‑year lease.; Prime Location: Situated in the heart of Laurinburg's downtown business district.; Dual Income Potential: Back portion with separate entrance offers opportunity for a second rental income stream.
    (910) 276-1021
    We can help!
    Listing Contact
    Rick J Best
    Rick J Best
    Real Estate License ID: 299261
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    329 S Main Street, Laurinburg, NC 28352
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!