Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 Plaza Rd Laurinburg, NC 28352

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5 Acres, I-74 Frontage, High Traffic

    Property Features for 321 Plaza Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    We can help!

    Listing Contact
    Moss Withers
    Moss Withers

    Listing Agent: Moss Withers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 5-acre commercial land parcel in Laurinburg, North Carolina, presents a remarkable investment opportunity. Located at 321 Plaza Road, the property boasts highly flexible General Business (GB) zoning, allowing for a diverse range of uses including childcare centers, manufacturing facilities, offices, retail spaces, medical practices, automotive businesses, hotels, and outdoor storage. The site benefits from significant frontage on I-74, placing it strategically between two major commercial corridors with convenient interchanges. High traffic counts are a key advantage, with approximately 20,500 vehicles daily on I-74, 15,000 on McColl Road/US Hwy 15, and 14,500 on S Main St/US Hwy 401. An existing 11,900 square foot building is situated on the property. The property's APN is 01001703010. This prime location and versatile zoning make it ideal for a variety of commercial ventures. Asking price is $900,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Fitness Center Gym & Fitness Center Stoney Creek Apartments Apartment Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.478713285849
    Latitude
    34.759329333641

    Nearby Similar for Sale

    • $425,000
      5,706 SF

      Laurinburg Commercial Property with Warehouse

      Mixed-use property with office, storage, and development potential.
      204 E Railroad St, Laurinburg, NC 28352
      View Details
    • $109,000
      2,780 SF

      Laurinburg Retail Opportunity on Main

      Former deli on Main Street, ideal for retail or office.
      221 S Main St, 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 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 St, Laurinburg, NC 28352
      View Details
    • $525,000
      2,664 SF

      Prime Laurinburg Commercial Property

      Versatile 2,664 sq ft building on 0.63 acres
      110 Church St, Laurinburg, NC 28352
      View Details
    • $399,900
      4,604 SF

      Prime Laurinburg Commercial Land

      3-Acre Lot, 4604 sq ft Building
      11121 Turnpike Rd, Laurinburg, NC 28352
      View Details
    • $179,900
      4,400 SF

      Prime Laurinburg Commercial Space

      4,400 SF Commercial Building, 0.4 Acres
      524 Roseville St, Laurinburg, NC 28352
      View Details
    • $262,500
      900 SF

      Prime Laurinburg Commercial Land

      7.6 Acres, 900 sq ft building, $262,500
      14001 Highland Rd, Laurinburg, NC 28352
      View Details
    • $275,000
      5,595 SF

      Prime Laurinburg Retail Space

      High-traffic location, 5,595 sq ft.
      116 Cor Of Cronly & Main St, Laurinburg, NC 28352
      View Details
    • New
      $335,000
      2,640 SF

      Laurinburg Commercial Property For Sale

      Commercial property with long-term rental income potential in Laurinburg, NC.
      1222 Atkinson St, Laurinburg, NC 28352
      View Details
    • $194,500
      3,867 SF

      Prime Laurinburg Commercial Space

      High-traffic location, 3,867 sq ft.
      329 Main St, Laurinburg, NC 28352
      View Details
    • $1,100,000
      7,918 SF

      Laurinburg Commercial Building Opportunity

      Spacious Commercial Building, 1.72 Acres
      1061 Aberdeen Rd, Laurinburg, NC 28352
      View Details

    FAQs

    What type of property is this?
    Land - 5 Acres, I-74 Frontage, High Traffic
    Where is this land located?
    The property is located at 321 Plaza Rd Laurinburg, NC.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 5-acre parcel available for sale.; Highly flexible GB zoning allows diverse uses including childcare, manufacturing, office, retail, medical, automotive, hotel, and outdoor storage.; 11,900 SF existing building.
    (919) 576-2501 Call to check price and availability
    Request Owner's contact information
    321 Plaza Rd Laurinburg, NC 28352
    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.
    321 Plaza Rd
    Laurinburg, NC 28352
    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
    321 Plaza Rd Laurinburg, NC 28352
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Moss Withers
    Moss Withers
    Real Estate License ID: 262680
    (919) 576-2501 (919) 832-0594 (919) 810-2492
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!