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    Fully Occupied Dual-Use Retail Buildings Title is generated by Realmo AI

    420 S Main Street, Laurinburg, NC 28352

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    Claim this Listing
    New
    For Sale
    $450,000

    SINGLE_FAMILY - Laurinburg, NC

    Type:Office
    Property size:
    2,826 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $159/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 420 S Main Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    GB
    Standard status
    Active
    APN
    010054 01006
    Size
    2,826 SF
    Lot size
    0.87 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    410 S MAIN STREET
    Tax Annual Amount
    3622

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    2007
    Number of units
    2
    Flooring type
    Lvt/lvp, Carpet
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Leslie Dysinger
    Leslie Dysinger

    Listing agent Leslie Dysinger License #279613

    Listing office RE/MAX Choice 2721 Thorngrove court, Fayetteville, NC

    Listing date Jun 2, 2026

    MLS# 100578588

    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

    • Fully occupied commercial property with 2 freestanding buildings on approx. 0.873 acres along South Main Street in Laurinburg
    • Two established tenants: barber shop and beauty salon, providing immediate rental income
    • Combined buildings offer approx. 2,700 SF of commercial space
    • Multiple points of access including South Main Street and additional access from Biggs Street
    • Utilities are tenant‑paid; water source is public
    • Built in 2007 with wood siding and heat pump HVAC; heating includes heat pump and electric

    Overview

    This offering features a rare dual-building configuration that is fully occupied by two established commercial tenants. The property includes one barber shop and one beauty salon, providing immediate rental income. A distinctive wraparound porch characterizes the beauty salon, adding a welcoming, street-facing presence. With approximately 2,700 square feet across two freestanding buildings on about 0.873 acres, the site also supports operational flexibility for an investor or an owner-user who may want to occupy one building while continuing to generate income from the other. Tenant-paid utilities further support a stable investment profile.

    Located along South Main Street in the heart of Laurinburg, the property benefits from excellent visibility on a high-traffic commercial corridor. There is additional access from Biggs Street, and the site is described as offering ample parking and strong curb appeal. The zoning is identified as GB, supporting a broad range of service-oriented and professional uses, subject to zoning requirements.

    For tenants, this setup can be attractive for businesses seeking a storefront presence and a customer-ready environment, including salon suites, professional offices, wellness services, boutique retail, insurance agencies, real estate offices, and medical spa services. For buyers, the appeal centers on acquiring an occupied asset with reduced reliance on a single tenant and the option to pursue future income growth through renewals and lease execution strategies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taylor Made Cuts ... Barber Shop LibertyX Bitcoin ATM Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • The Flower Station — 1019 S Main St, Laurinburg, NC 28352

    Location Insight

    • Map
    • Local Demand
    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.462748
    Latitude
    34.773149

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    FAQs

    What type of property is this?
    Storefront property - Two freestanding, tenant-occupied retail buildings with strong visibility and multiple access points in a high-traffic corridor.
    Where is this storefront property located?
    The property is located at 420 S Main Street Laurinburg, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Fully occupied commercial property with 2 freestanding buildings on approx. 0.873 acres along South Main Street in Laurinburg; Two established tenants: barber shop and beauty salon, providing immediate rental income; Combined buildings offer approx. 2,700 SF of commercial space
    (910) 483-7500
    We can help!
    Listing Contact
    Leslie Dysinger
    Leslie Dysinger
    Real Estate License ID: 279613
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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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